Driven by an ideology that\’s as natural as breathing for David Cameron, Oliver Letwin, George Osborne and their circle, the crisis continues to gift them their unique opportunity: to cut spending permanently, to shrink the state, and to let low-wage/high-pay inequality grow as a functional necessity in their vision of capitalism. No doubt they are disappointed their remedy has failed so far, but more of the same medicine is bound to succeed in the end because the ideology is right. Pragmatism and learning by experience is not for them. Their mindset is closer to obstinate Soviet five-year planners than anything witnessed in a British postwar government.
With great glee Osborne boasted the size of his state would keep dwindling.
Currently the State is 50% or so of GDP. Post WWII average is something around or just under 40% isn\’t it?
So, err, shouldn\’t we be trying to shrink it?