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City & Business: To Hell with What They Say: Let's Redistribute Wealth

By: Koenig, Peter | The Independent (London, England), October 11, 1998 | Article details

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City & Business: To Hell with What They Say: Let's Redistribute Wealth


Koenig, Peter, The Independent (London, England)


IF IT weren't so serious it would be funny. Here we have the worst world economic crisis in 50 years and what does the Prime Minister do in response? He grabs the handbag of one of the crisis's master architects, Lady Thatcher, gets up on her high heels, and mimics her.

Listen to Mr Blair: "There is no alternative ... No U-turns." Speaking from China last week: "We have to stick to policies that provide stability for the long term and ensure we never go back to the record days of boom and bust, record repossessions, record bankruptcies, record borrowing and interest rates at 15 per cent."

Well, yes. We must, by all means, ensure that in future we never return to …

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