|Cautious Ed, once again displaying|
his preference for empty soundbytes over
well defined alternative strategies.
Odd that, the bankers bailouts dished out by his party (with the support of the Tories) are the biggest subsidies to a disfunctional sector of the economy in UK history (estimated at around £1 trillion), £45 billion of which was "invested" in RBS. Imagine what "just" £45 billion "bailout" could have achieved if it had been wisely invested in productive sectors of the economy such as manufacturing, engineering, scientific research, computer science, public transport or housebuilding. Yet instead, the UK has been left with £20 billion losses on their RBS investment alone, the grotesquely under-regulated shadow banking sector that caused the neoliberal economic crisis in the first place remains completely unreformed and the "real" productive economy of the UK is being ruthlessly choked by George Osborne's ideologically driven"austerity" crusade to pay back the spectacular losses on his party's "lame duck subsidies" to their financial sector mates at the height of the neoliberal economic meltdown.