An economy, based on deregulation (i.e. "free market economy"), lending for profit (banks) and home-ownership (mortgages) will fail in the long run, with the high level of debt preventing any reasonable movement.
This government penalises the elderly, the ordinary worker and anyone in the public sector, for that it refuses to ease inflation, refuses to regulate (i.e. state-control banks and certain industry) and encourages that silly system of indebting oneself to the hilt to buy an overpriced house.
Madness!
Look at Germany: Exports at an all time high, even that close to a world wide recession. Why? They have a huge property rental market, with home ownership the exception. There are no greedy property developers ("buy-to let" stinks and should be illegal), and the state interferes carefully in industry (so profits are still there but equally, social responsibility is shown.
What has Britain got? Millionaires running the country, and the list of billionaires has recovered! whoopee-doo!
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