Ilargi
The Automatic Earth
…apart from Gustav making landfall in Louisiana, is the unabated decline of the British empire. Britain falls so hard and so fast that it’s getting scary to think of where it is headed. I have warned for quite a while that it would happen, but I have to admit that even I am surprised to see the speed at which events unfold. As the extent of the downfall and the reality of new-found desolate poverty seep through to the consciousness of the population, English society will reveal itself as an immensely volatile powder keg, with a very long array of very short fuses.

The de-facto resignation of Chancellor Alistair Darling -who publicly stated the UK economy is in far worse shape then the government lets on, knowing he will now have to go for saying so- reveals how desperate the situation is. Whether Darling comes or goes, the government can no longer keep up the pretense. The veneer of control has become so hard to maintain that Gordon Brown resorts to a level of nonsense that seems impossible to top:

“In the next 20 years, the world economy will double in its size and wealth and we have a great opportunity to win new business, new jobs and prosperity for Britain.”

On second thought, perhaps I underestimate the prime minister. It is entirely possible that that insane-looking statement serves the same purpose as Mr. Darling’s fatal interview this weekend. We may be looking at Mr. Brown’s own well-calculated de-facto resignation. More

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Posted by markw, filed under Economy. Date: September 2, 2008, 12:35 pm |

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