Thursday, 22 September 2011

Where is the leadership?

I cannot help but think, where are all the great heavyweight political leaders gone? Normally we need not worry, but over the previous weeks we have seen an avalanche of economic data that suggests the economy is heading for recession.

Likewise across the Channel, we see an Europe of centre right politicians in Sarkozy and Merkel who cannot offer any solution to the Euro Crisis, it is to big for them, they seem unable to believe capitalism is failing, unwilling to make the right decisions and reinstate confidence in the markets.

The Little Ingerlanders, namely the Conservatives believe if they cut spending increase taxes for individuals whilst rewarding the big corporations with corporation tax cuts this will stimulate growth, yet the engine of our economy are small and middle sized companies their problems are getting credit to innovate, expand and invest in new plant and product, the Conservatives and little Vince have not tackled this issue.

Neither does Cameron or Osbourne show international economic diplomacy, they believe their failed economic approach will keep the UK insulated against the EuroZone, this miscalculation is as daft as their austerity plan. The European Union greatest success over it's life has seen the integration of markets and businesses, so if Europe goes down, whether we are in the Euro or not, we'll go down with them.

The Americans also seem incapable of agreeing a coherent plan, the Republicans seem to want to bring Obama down and if the American economy goes with him, then their purity has been preserved.

In 2008 Gordon Brown convinced the countries around the world to take action to save the banking sector from meltdown, confidence was restored to the markets, but then it was business as usual, banks carried on, banks to big to fail.

The centre right politics has failed, we need desperately for the centre left Social Democrats to stand up, we need a fundamental review of banking

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