Boom and Bust

Once upon a time, former PM Blair would stand defiant at the dispatch box in the Commons and say there would be no boom and bust under Labour.

I once put it to a Labour functionary, a guest on a phone-in held by "Sky News" (and that was several years ago), that Capitalism has its ups and downs despite politician's rhetoric. He scoffed at the thought that the economy is beyond Government. He was on about Labour having sensible policies, etc, ad nauseum.

It really was a fairy tale as this piece illustrates.

Boom and bust are part of the system, and thus it matters nowt which party is in office.