Austerity in the U.K. by Theodore Dalrymple - City Journal: "When our new government came into power—after a period in opposition during which, fearing unpopularity, it failed to explain the real fiscal situation to the electorate—there was broad, if reluctant, acceptance that something unpleasant had to be done; otherwise, Britain would soon be like Greece without the sunshine. But the acceptance was on narrow grounds only, and this is worrying because it implies that we are far from liberating ourselves from the binge-followed-by-austerity cycle. A large part of the public still views the state as the provider of first resort, which means that the public will remain what it now is: the servant of its public servants.This is a moderately long one but well worth the read. I have been developing a bit of an addiction to his writing -- and you'll find yourself in danger of the same...
As soon as the crisis is over, though this may not be for some time, the politicians are likely again to offer the public security and excitement, wealth and leisure, education and distraction, capital accumulation without the need to save, health and safety, happiness and antidepressants, and all the other desiderata of human existence. The public will believe the politicians because—to adapt slightly the great dictum of Louis Pasteur—impossible political promises are believed only by the prepared mind. And our minds have been prepared for a long time, since the time of the Fabians at least."
Open Thread
1 hour ago