tag:blogger.com,1999:blog-7985429043801017839.post3267094168256353357..comments2023-10-27T07:50:27.411+01:00Comments on Next Left: What does Dave believe?Tom Hampsonhttp://www.blogger.com/profile/05917325958130851128noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7985429043801017839.post-45419342583773755942009-10-08T18:16:15.825+01:002009-10-08T18:16:15.825+01:00For Cameron to claim that we are in an economic me...For Cameron to claim that we are in an economic mess because government got too big is pure Thatcherite ideology. <br /><br />The causal sequence, as I understand it, runs as follows: <br /><br />(1) Inadequate regulation of the financial sector leads to<br /><br />(2) crisis in the financial sector which leads to<br /><br />(3) crisis in the whole economy which leads to<br /><br />(4) falling tax revenues which leads to<br /><br />(5) a bigger budget deficit.<br /><br />The sequence begins with a failure of regulation, with not enough government, not with an overstretching of government.Stuart Whitehttps://www.blogger.com/profile/05090728365798166746noreply@blogger.com