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Stuffysays's avatar

You forgot to mention who is going to lead us into this brave new world! The quality of politicians of any party in any country is well below the level needed to make any difference at all. I can see no capable, competent and courageous politician striding confidently forward to take control and fight off the dragons. The church of England is full of chinless namby pambys staring at their navels. The political parties are full of venal self-serving narcissists. The mega corporations aren't going to help (although my husband thinks Jamie Dimon might be an interesting choice for US president!) and the lobbyists are just working to their own narrow agenda. So where do we look?

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Pepperkin's avatar

A free market economy is one thing. But looking at the context of the current budget, my take is that Truss (because let’s face it, this is her budget) is actively seeking to achieve something very different- high inflation & high interest rates. (Since this is the virtually inevitable consequence of her economic policy in our current context, I think we should give her the credit of assuming it is intended.)

This would be a great policy for capital asset holders, and a disaster for the middle classes. In fact, it’s a vast transfer of assets from the middle classes to monopolistic crony capitalists.

This looks to me like cynical exploitation & corruption. Which isn’t the same as a free market by any means.

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