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Friday 5 August 2011

Are we doomed?

The Adam Smith Institute have published a summary of the four problems that face us:
Sovereign Debt, An exposed financial sector, Sclerotic growth and Low private sector confidence.

A worrying and accurate article.

Are we doomed? Yes I fear we are.

2 comments:

Alex said...

We are not doomed. We are however not guaranteed a standard of living much above the level of the average Indian or Chinaman(/woman). Actually we should do a little better because our financial/legal/commercial system is (at the moment) less corrupt and confused, although there are worrying signs over here.

There are nearly 2 billion of them so the condition can't be terminal.

Not a sheep said...

I meant financially doomed from our existing level. Your point re the rest of the world are well made.