Friday, March 13, 2009

Albion Discovers Astérix

Well, well, well ... British business secretary Peter Mandelson, who used to be Sarko's bête noire, has apparently discovered the virtues of modern French-style industrial policy.

“We have not set major infrastructure objectives and then organised our industry and supply chain to deliver them as has been done in France,” he said. “We are quite good at putting the regulatory system in place, but we have always assumed the supply side would take care of itself.

Mandelson seems to be focusing on new objects: economic collapse, like impending execution, concentrates the mind wonderfully.*

*"Depend upon it, sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully."
Boswell: Life of Johnson


1 comment:

Leo said...

Nice to hear Mandelson saying: "We are quite good at putting the regulatory system in place".

Nice to remember than in a previous life (not so long ago) he was heralding the City's "Regulatory light touch"which provided the British Taxpayer with the wonderful task of bailing out Northern Rock, Bradford and Bingley, RBS, HBOS, LLoyds TSB at the modest cost of a few hundred billion lbs.

Indeed these good folks were "quite good at putting the regulatory system in place".