Moria at night

Moria at night

Saturday 2 January 2016

A contrast

I had to visit Blue Water shopping centre (which is vast) to buy some waterproof trousers (irrelevant).
I was met by the engine room of the 21st century British economy. Heaven help us if all these people stop spending.
A little bit more of the picture is needed since I had spent the morning reading Adair Turner's excellent book Between Debt and the Devil in which he issues a sober warning about excessive consumer debt, actually all debt. 
I suspect that the scene that will meet us in Lesbos will offer a striking contrast. Interestingly, one of the points that Turner makes early on is that great inequality of wealth and income is bad for the economy. Well, that's what we have now.

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