A subtle observation never realised is the relationship between the
system of democracy and the economic crisis.
The greed, richness, pomp and drunkenness of the political elite should be
well known. No pauper would be at the head of a political party, Is this
how it should be?, that having money and power is one of the keys to leadership?
Now, we all know that the U.K. is in a generation of debt threatening the
very core of its financial Mechanism. So how did Democracy encourage this Crisis to occur. Very simply put, Votes were won and bought in the promises of jobs (public sector) i.e. Not "real" wealth creation but jobs created on the back of Tax Revenues and Loans.
The political parties were democratically under duress in "spending" with promises in order for votes to be gained and staying in power neglecting the ratio of debt
levels to GDP.
The Labour government benefited much from this spending being in power for over a decade. Would the "Other" Party of been any better ? I think not.
