The Anglo-Saxon model of unrestrained free-market capitalism, says the New Statesman, is fatally flawed
Even Alan Greenspan, the high priest of deregulation, has, like Ivan Ilyich in the famous Tolstoy story, had a moment of startling self-revelation that has left him confused about the purposes of his life's work.
He did not know what he thought he knew. What he thought was so is not the case. 'I have found a flaw,' he said in October, following the bank bailouts, 'I have been very distressed by that fact . . . Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity, myself especially, are in a state of shocked disbelief.'
Country diary: Holding our breath as we watch the bearded tits | Jamey
Douglas
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*Boyton and Hollesley Marshes, Suffolk:* Today these wide open skies give
us so much – not least a spoonbill – but there are also great rewards
closer to...
3 hours ago
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