Waiting for the Etonians: Reports from the Sickbed of Liberal England

Do you remember what life was like before the crash?• When level-headed couples were still taking mortgages five times their joint income.• When the middle class was divided between the haves and the have yachts.• When Her Majesty's Government boasted that their 'light-touch regulation' of finance had abolished boom and bust, and laughed hysterically at anyone who disagreed.By Christmas 2008, eight banks had been part-nationalised, Woolworths had disappeared, unemployment had reached nearly two million and the country's debt had hit record levels. We are now a bankrupt nation.After the Great Crash of 2008, Americans could at least blame an incompetent right-wing governmen…