Sunday 11 December 2016

Dumb and dumber

Published 30/01/2012 | 05:00

We learn at an early age that you cannot spend more than you earn. We learn that it is not good to borrow money in order to buy things you really don't need. And yet our very smart politicians keep doing this in contradiction of basic economic principles.

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To think that a productive nation could be so mismanaged by its elected political leaders boggles the mind. And yet, we have a political class that cannot obey the simplest rules of economics and continues to resist every attempt to right the wrongs of past political behaviour.

That is why this great chasm exists between ordinary people and their political leaders -- and it has grown increasingly wider over the decades. The political question is, where does that pent-up public anger go?

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