tag:blogger.com,1999:blog-5190994177632420720.post6944269875377858630..comments2023-10-25T08:27:37.972-07:00Comments on Viridis Lumen: "Why don't they start with the bankers?"Viridis Lumenhttp://www.blogger.com/profile/08097453038753328641noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5190994177632420720.post-903329629443916352010-10-21T00:12:41.394-07:002010-10-21T00:12:41.394-07:00Satistics can be misleading: state spending has be...Satistics can be misleading: state spending has been around and even slightly higher than 47% of GDP - unsurprising given the last government's policy of quantatitve easing to mitigate the impact of the private banks collapse. But much of that money has gone to the private sector - state employees account for around 6 million people out of a workforce of around 33 million - less than 20%. There are over 4 private sector workers for every public sector worker, many of them now delivering services that used to be in state hands. The reductions under Thatcher were never significantly reversed: http://neweconomist.blogs.com/new_economist/2005/10/thatcher_blair.htmlViridis Lumenhttps://www.blogger.com/profile/08097453038753328641noreply@blogger.comtag:blogger.com,1999:blog-5190994177632420720.post-34491029958842783052010-10-20T20:23:21.648-07:002010-10-20T20:23:21.648-07:0047+% of GDP is "shrinking"? Wow.47+% of GDP is "shrinking"? Wow.Idle Pen Pusherhttps://www.blogger.com/profile/08319222131717187999noreply@blogger.com