Tuesday, November 15, 2011

Letting technocrats run Europe is bad politics and bad economics

Consider for a moment the injured feelings of the plutocrat. He's the target of round-the-clock protests stretching from Oakland to Norwich. He's denounced by the Archbishop of Canterbury. Goodness, even those carefully-placed "news" stories about how George Osborne must scrap his tax on the super-rich, which once commanded at least a respectful audience, now meet with the puzzled mirth of a country that suspects a wind-up. At this point the penny loafer drops: they're called the 1% because they're lonely.


guardian