Dr Vincent Cable

In recent years, along with others who pass for more serious commentators, I may have given the impression that Dr Vincent Cable--a 'serious' economist with real world experience, an interesting personal story and a sort of two-thirds predictive take on the instant world economic crisis--knew what he was doing.

I now realise that I was wrong and I ask for the forgiveness of my colleagues in the Great Market.

Along with everyone else, I heard Dr Cable yesterday point out that business and finance tend towards monopoly. I was under the impression that Adam Smith, Friedrich Hayek, and Milton Friedman (to a lesser extent) would have agreed. Dr Cable also spoke of how bankers had, through greed and deliberate flouting of the letter and spirit of leveraging rules and the construction of fantastically confusing products, almost brought down the economy of the west. He did not then explain how the vast outpouring of electronic money to postpone a crisis caused in part by their behaviour is going to be recovered. One of his usually less impressive colleagues may have given him a clue about the coming stagflation, but perhaps he could not have been heard over the sound of swooning from sundry Lions of the City.

I now realise that Dr Cable's criticism of bankster greed and stupidity makes him an 'odd and emotional figure', a 'Marxist', 'the wrong man to be Business Secretary' and a 'cheap populist'. I understand that his real job is to help gain subsidies and complicated tax breaks for brave free market feudal usury guilds whilst preventing functional European economies from regulating a bunch of coked-out stringers and hangers on in a bearpit to which the real economy has been chained. Additional duties may include poisoning the education system, and exporting jobs to slave labour countries whilst issuing forth all over small business and workers.

What next? Perhaps this running dog of collectivist error will start pointing out that the single most successful example of technological development in recent years, the internet, was created by publicly funded defence and university establishments in cooperation with government-regulated businesses, and then enhanced by scientists working for an international public project before being regulated by a public corporation which recently turned into a sort of not-for-profit collective. How that will make us all laugh.

What people obviously need are mortgages and credit cards. Oh, and the destruction of critical thought and genuine spirituality along with any other priceless thing which makes life worthwhile. Anyone who says different is a weirdo and probably suspect when it comes to children.

I apologise to my one demented reader and can promise our Masters that I will not make the same mistake again.

Here is an instructional video from some French bankers for your reeducation.


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