Britain has a problem with welfare. There is a deep benefits trap in this country and many thousands are caught in it. These individuals survive on help from the state. They are a drain on hard-working taxpayers. Worse, they see no future beyond this abject condition of dependency and furiously resist any attempt to alter the status quo. Go to the City of London, take a trip to Canary Wharf, and witness the victims close-up: they are Britain's too-big-to-fail bankers.
Like those trapped in a life of jobseekers' allowance and housing benefit, these bankers might look like they are enjoying the good life with their vast state-underwritten bonuses. But they must be suffering inside. These overpaid financiers used to regard themselves as the masters of the universe, but in recent years they have accepted great truckloads of official help. Think of the damage it must do then to their self-esteem to know that they are propped up by the state; that they're not wealth creators, but, whisper it, economic parasites.
05 October 2010
Quote of the day
I know that it's been said before but it bears repetition. From The Independent (here):