Showing posts with label Bread and Circuses. Show all posts
Showing posts with label Bread and Circuses. Show all posts

Wednesday, November 17, 2010

Bread and Circuses


We live in an age of bread and circuses, as did Juvenal. Actually I have no objection to "circuses" including royal ones. We all need cheering up. What I object to is the coming rationing of "bread". Despite all the noise about the government's deficit, Britain remains a wealthy country, but the wealth is concentrated. At a recent local discussion a nice comfortably-off lady (Somerset has more than its share) commented on benefit cuts, "Anyone can manage on £10 a week less". She's right of course - about people like herself. Conclusion - cut less, tax more. If you still think drastic cuts are the solution, read Skidelsky and somebody lend George Osborne an economics A-level textbook as Keynes' own writings may be a bit technical for him.