“Shameless” – John Elledge
“And really, have you noticed anyone from the anti-regulation, small state-ist, let-the-market-rip side of politics questioning their beliefs or publicly considering the links between those and this disaster? The silence, as Ian Dunt has noted, is deafening.
We’ve been here before. The financial crisis happened under a Labour government – but the decades of deregulation that allowed it was an ideology of the right (albeit one which too many on the centre-left had acquiesced to, too). That crash wasn’t followed by much soul-searching of the “are we the baddies” sort, either. It was followed instead by yet more deregulation, and the dismantling of the state”