Saturday, October 25, 2008

The Week Of The Great Thinkers

It’s been quite a week for the intellectual powerhouses of the Spanish right. First up we got José Maria Aznar treating us to his “thoughts on climate change. It doesn’t matter how many well funded (by the state) foundations you put behind Aznar, his ideas on any subject of any complexity are limited to simplistic notions which leave no evidence of smoking neurons behind them. His true mediocrity on the subject of climate change was best represented by his assertion that the problem would have to be dealt with future generations – so it doesn’t really matter anyway.

Later in the week we got Mrs Aguirre giving us her incisive analysis of the crisis. It should hardly surprise anyone to learn that Esperanza doesn’t regard the problem as being caused by problems of the market itself. Impossible. Instead she passed the blame onto excessive intervention by the state! I must have missed that, when did it happen? Perhaps it has been governments who have been covertly repackaging dodgy loans and selling them on as high quality restructured investment packages. Espe then went on to contradict herself – hardly an unusual occurrence – by claiming that the problems were also caused by a failure of regulation, which I’ve always assumed implies at least a degree of state intervention. Like the true believer she is, she has to maintain the faith even when the Alan Greenspan’s of this world are timidly starting to admit they may have got things wrong. In the process she leaves Zapatero looking almost like a Nobel Prize winner on economic issues.

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