Adam Curtis TV - C Northcote Parkinson - Noam Chomsky - Charles Dickens - Calvin Coolidge -
Through the summer of 1976 Arab oil money continued to leave London. The heads of Arab banks now became powerful figures ... Denis Healey began a series of savage cuts in public expenditure. It was the only way he believed for Britain to get a loan from the IMF and avoid bankruptcy. But it was clear to many in his party that he had given away control of the economy to the markets. Adam Curtis, The Mayfair Set I: Who Pays Wins ***** BBC 1999
In 1964 a Labour government had been elected. They came to power promising to create a modern prosperous Britain. But almost immediately they were faced with a crisis: the boom the Tories had begun five years before had gone out of control. British industry simply couldn’t cope with the demand created by the boom. A new government faced growing inflation and a balance of payments crisis. They had to cancel many of their election promises and cut spending. Adam Curtis, The Mayfair Set II: Entrepreneur Spelt S.P.I.V *****
Expenditure rises to meet income. C Northcote Parkinson, The Law and the Profits, 1960
US analysts estimate that Russian military expenditures have tripled during the Bush-Putin years, in large measure a predicted reaction to the Bush administration’s militancy and aggressiveness. Noam Chomsky
Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds naught and six, result misery. Charles Dickens, David Copperfield, Mr Micawber
Nothing is easier than the expenditure of public money. It doesn’t appear to belong to anyone. The temptation is overwhelming to bestow it on somebody. Calvin Coolidge