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Posts Tagged ‘failure’

David Cameron’s Flawed Debt Story

DAVID Cameron has been quiet on the banking crisis. Want to know why? It’s because he and his party have nothing meaningful to add:

Cameron is then directly quoted, saying: “I think that we have had a failure of regulation and we have had a debt boom that went on for far too long and it reached into parts of the economy it shouldn’t have done. The whole thing has become infected and it has got to be dealt with.”

A propos our previous post, Cameron is playing with fire taking this line. For sure, it is generally agreed that that has indeed been a “failure of regulation”, but by far the bulk of regulation, and the regulatory structures, are of EU origin. They are not within the gift of Cameron to change, without taking on the European Union, which the leader of the opposition shows no sign of doing. But to pretend that they are “Gordon Brown’s” is a very silly strategy indeed.

Isn’t it all the failure of capitalism?

Posted: 28th, September 2008 | In: Money, Politicians | Comments (8)