Die fetten Jahre sind vorbei

We are facing our inevitable comeuppance, say a gaggle of Anglican Bishops in an I told you so attack on Britain’s Labour government, the buy now pay never economic policies of which the comfortably-lifestyled and well fed priests describe as “morally corrupt”.

Immoral though the government’s policies may be, the criticism is politically naïve as it appears to be directed solely at New Labour. The bishops have been praised by leading conservatives, yet it is Tory economic thinking that the government has taken to its logical conclusion. The 1980s have come back to bite us in the bum, and it’s a little late for the Church to be joining the resistance.

While agreeing in principle with much of what the bishops say, the message comes from individuals who serve an institution at the heart of the British establishment, and which only survives thanks to some occasionally amoral investments. One of the clerics I know personally. He is not a man I would rely on in a crisis, and to my mind his comments on disasters brought about by others carry little weight.

Perhaps we should blame Robert Peston for the economic catastrophe befalling us, and offer him in sacrifice to appease the angry gods. But we should never forget that it was the BBC’s booming business editor who first suggested that the government is rewarding the feckless and betraying those who followed previous injunctions to be financially prudent and save.

I would rather be living elsewhere in Europe during this global recession. But with Sterling going down the toilet of the international currency market this is not a realistic option.

The title of this post is the name of a film by Hans Weingartner. I first saw the movie when it was released in 2005. It was broadcast on British television early this morning, which is why the title springs to mind.