We consciously give the reins of a government, of the economy to incompetents that proved us that they know nothing about the economy. They are applying over and over a model that damages it for the benefit of the possessors of capital. And yet, our trust is indelible.
The answer to the problem, it will be like what Italy, Spain, Portugal, Ireland are experiencing. They sell off the country to the rich and the poor dies. Why would England be different because it is/was part of the strong north belt of Europe? Not anymore, I'm afraid so. England will be liquidated too.
Iceland made its bankers paid for their financial "mistakes" (bankers know that their investments are risky don't they?) and, now, they are thriving. Because of the people's reaction to the undermining of their economy, it contributed to save it.
Considering the rest of the world, I guess, we are sheep, afraid to take matter in our own hands. I admire Iceland and its gut.
When an employer makes a consequential mistake what does happen? The person is fired. When it comes to their precious "golden boys" assets, the decision drags why? I thought everybody was disposable? Was I living in another world for years?
Hunger, Anger is growing. I don't recall that the People were smarter in 1775 (the US), 1787 (France), or in 1917 (Russia) than today, and they did it. Given the predicament in which many countries are, I will probably be the actor of a revolution.