Quote:
Originally Posted by Chrysalis
doesnt it worry you that we so reliant on a so called financial sector?what is the financial sector exactly, something that makes a small group of people very rich. Is this what the uk is about now?
Their CAP didnt bring half the world to its knees, whilst unregulated banking has.
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Of course it does but it's where we are isn't it? Nothing we think, say or do can change that. The CAP is a massive drain on the EU budget - probably the single biggest although I may be wrong. When I see the French voting for it to be cut then I will be persuaded that their self interest has come second to the greater good.
You really need to disntiguish between the 'bankers' (fat cats) and the financial sector as a whole which employs well over a milion people most of whom earn fairly average wages. Sadly for us the money's been made and lost (on Gordon Brown's watch I should add). There's nothing we can do about that now, all we can do is try to protect what's left and try to ensure that it works in the national interest in future. Like it or not, having a properly regulated but profitable financial sector is key to the UK's future but I'd totally agree that a) reform is required and b) it'd be wise for us to develop other sectors of industry also to spread the risk.