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Hypership out of control

Posted on November 17, 2011 by

Some frightening numbers and home truths from Iain Macwhirter in the Herald today. The piece reaches the only conclusion it's possible to draw from the evidence, namely:

"There will have to be redistribution to claw back the 40% or so of wealth hoarded by the top 1%."

But which party  – particularly in the UK – does one vote for to achieve this? Who stands on a platform of serious wealth redistribution, calling the "But we'll leave!" bluff of the obscenely rich? (Who avoid as much of their tax burden as they can anyway.) The imminent Second Great Depression is a lot like the First World War – everyone can see it coming, nobody actually wants it, but we've hitched ourselves to an ideological bandwagon that's hurtling towards a terrible abyss and nobody's prepared to shoot the horse that's pulling it.

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