WMGs (Weapons of Mass Growth) – will never be found The big financial institutions and investors have become hugely optimistic about the revival of economic growth and employment. They reckon that the weapons of mass growth (WMG) will be found. Everything is looking better, according to the latest intelligence sources, Messrs Bush, Blair, Schroeder and Greenspan tell us. The reality is that US growth in 2003 was artificially created and will prove to be ephemeral in 2004.
Something wicked this way comes If you think things in the USA are bad now, wait till after the US elections. Once the result is in the bag (either for Bush or whoever stands for the Democrats) economic policy will switch from the present spending spree (mainly on arms) to cuts in welfare. The present level of indebtedness cannot be maintained for ever. Sooner or later the capitalists will make the workers pay.
How healthy is the British economy? Has British capitalism has finally overcome what used to be called the British disease: slower growth, higher inflation, continual currency crises and a falling behind in living standards compared with the US, Europe and Japan? Growth figures actually disguise a far more diseased system that the media would like us to see.
