It\’s a good piece, certainly. But our man, Mr. Chakrabortty, entirely manages to miss the implication of his finding.
If fund managers and front bench politicians are so hermetically sealed off from the real world, if they really don\’t know what\’s actually happening out there, then we should simply not be using fund managers and front bench politicians to run the real world, should we?
With fund managers of course the secret is already out: using a managed fund is really not a sensible thing for anyone. Low commission index funds and nothing else.
As for politicians, if they really don\’t know anything:
As for frontbench politicians, Davis describes their decision-making as almost entirely \”subcontracted\” – with the parameters set by colleagues or advisers or the latest fuss in the papers.
If they\’re really not up to the task then we shouldn\’t have them attempting the task, should we? Tell \’em to bugger off, we\’ll do it for ourselves thanks very much.
You know, the free, liberal, classically liberal, society. Government acts only where something must indeed be done and government is the only actor that can do that thing. Everything else belongs to us, the people, to get on with as we wish.
Strange that he doesn\’t make that point really, isn\’t it?