It really does sound to me like they're flogging a dead horse. Obviously, that has nothing to do with a photo of a Tauren Death Knight that I put up here, but there weren't many sadomasochistic images of dead horses I could have posted without winding up with my blog getting shut down.
I just don't get why the solution to a recession based on toxic debt is to give banks our money and force them to lend it back to us. Surely there's some incredible tomfoolery going on here. Would it not make more sense to buy the banks and turn them into Post Offices which act as branches for the Bank of England, thereby keeping the profits public, controlling lending to businesses and piling money back into the postal system and protecting a whole heap of jobs in the process?
I don't know, really. I can't really see much of a way out of this, but surely there has to be something better than punishing people for not getting into debt and bailing out those who lived beyond their means for a decade? God. I sound like one of the hippies I knew in Norwich and used to think maybe they had a point about economic reform until I found out about the speed factory in their spare bathroom that paid their rent and realised perhaps everyone's a capitalist the moment they get a chance.