Have We Learned Nothing From The Crisis?

Do you remember 2007? The economy was booming (or so we were told) and the government was swaggering. This was all due to their wisdom and excellent management they told us. Don’t throw it away, they told us, by electing that other crowd, or even worst still, those leftists who might try to regulate the property market. There is was no debate over whether the property boom was sustainable or if the banks were properly regulated. Those who questioned if all parts of society were benefiting or if the government really knew what it was doing were dismissed as moaners. Questions over whether giving tax cuts so that people could buy bigger houses was the best use of resources were ignored. The system was working so don’t question it. Continue reading “Have We Learned Nothing From The Crisis?”

Can The Labour Party Be Saved?

The Irish Labour Party is in dire straits. Its vote has collapsed from 19.7% in the 2011 general election to only 7% in last months local election, causing its leader Eamon Gilmore to resign. Now there is a leadership election ongoing between Joan Burton and Alex White, both of which are making bland statements about what they would do as leader (neither have mentioned any policies or anything concrete). But is this simply a case of rearranging chairs on the Titanic and finding someone to take the poisoned chalice and lead Labour into election meltdown? Continue reading “Can The Labour Party Be Saved?”