Yesterday saw the FTSE 100 sustain its biggest percentage fall in a single day since ‘Black Monday’ in 1987.
Although the banking crisis is having global repercussions, it has raised questions in our own country about blind faith in markets. Just as in the Thatcher era, the Conservatives won’t solve the problems of another Labour economic legacy.
Gideon Rachman writes at the Financial Times: Conservatism overshoots its limit.
Follow @libdemvoice.org on Bluesky
Like us on Facebook
Subscribe to our feed
Sign-up for our daily email digest
“Build, baby, build” but don’t lower our ambitions on affordability (Victor Chamberlain)
Twenty-six years of evidence on drugs. Twenty-six years of cowardice. (Tanya Park)
Tom Arms’ World Review (Tom Arms)
Observations of an Expat: Gaza (Tom Arms)
The Lib Dem strategy review (Rob Blackie)
Are we doing enough to insure against climate change?
Don't mention the Isle of Wight Separatists' 1950s terror campaign
Fergus McClelland was the last illegal major British child actor
Labour and the Liberals in 1924 and today
Family: Scene Through the Eye of a Lens
Brexit: The Uncivil War - the TV drama with Benedict Cumberbatch
A power vacuum?
Margaret 
Caracatus 
paul barker 
Steve Nash 
Tom Arms 
One Comment
It is clear that the Thatcher-Reagan consensus, which has been the dominant idea in British politics for nearly thirty years, has reached the end of the road.
We are now experiencing this ideology’s ‘winter of discontent’ (just as the previous dominant consensus, Butskellism, ended in 1979).
At previous historic forks in the road, there was urgent compelling argument about which direction society should take. This time, leading politicians in all the main parties seem reluctant to break ranks.
Matthew Parris was very good on this subject earlier this year (Times, 22 March): http://tinyurl.com/47×392
Why are the Liberal Democrats not seizing the moment? Are our MPs afraid of attacking ‘casino capitalism’ and a blind faith in markets in case Paul Marshall won’t like it?