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.
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.
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.
ReplyDeleteThere are nearly 2 billion of them so the condition can't be terminal.
I meant financially doomed from our existing level. Your point re the rest of the world are well made.
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