FT.com / Columnists / John Kay - Beware bail-out kings and ba...
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Saved by 2 people (0 private), first by anonymouse user on 2009-05-19
- Tonycurzonprice on 2009-05-20 - Tags crash
- Finnegas on 2009-05-19 - Tags Economic , change
Public Sticky notes
When the New Economy bubble burst in 2000, enough money was pumped into the system to sustain the establishment and pacify the population. Minor courtiers were executed but the essential power structure remained. But, as Louis XVI learnt as the guillotine fell, the longer reform is delayed, the bloodier the revolution. And the more unsettled and chaotic would be the eventual outcome for us all.
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