I do not misunderstand - I just don't agree with it or your viewpoint. Maybe you shouldn't be giving other people hints if you seriously think that the massive damage caused (to a global non-linear economic system) in this country was by the government to all exclusion of other factors or influences. If you want to blame any politicians then a good start would be Clinton ...
American Democrat party basically = Labour,
American Republicans basically = Conservatives + a heavy heavy religious following so a HEAVY twist to the right with religious based policy to get their votes(abortion, etc, etc), though its stupid if the republican party give up on going after the massively right wing vote the massively right wing will still at the end of the day vote for them rather than the democrats.
I didn't say it was all them but it was largely them, the problem is with incredibly badly run countrys and decades of large debt increase and over spending was moving a large portion of the workforce from private to public sector, it hurt the governments ability to spend on things it needed, wasted billions upon billions and lost people jobs.
A large part of the problem worldwide was losing jobs in the west, to jobs in the east, and the west as a whole stopped spending as much.
Remember, our entire economy is hurting because USA/UK/richer western nations aren't spending at the same rate they used to on computers/cars/luxury items, or I should say, growth of buying isn't matching growth of production and growth of spending by the governments.
Thats one of the single biggest problems, growth in government spending hasn't matched growth in jobs or spending by the public, hence the large disparity in the past decade in tax income and government spending.
Thats why the simple problem that, cars are lasting too long, and computers don't break often enough or require upgrading often enough has hurt the tech sector and car industry so massively.
Banks were set up to rely on growth in the market, without growth, everything buckles, two of the biggest markets, UK/USA have been happered massively by mismanagement by the government, continual job losses, continual increase in spending led to what, what caused the massive problem this country and america, losing jobs, harming margins, causing companies to go under all to support increase government spending?
Yup, they were losing jobs and rather than try and create new jobs to get more money in and cut spending till the new jobs generated the cash which a competant and responsible government does. They raised taxes, and raised them again, and added new stealth taxes, the massive push on parking tickets and speed camera's, increase in fuel tax, this tax and that tax.
The problem is, you really do have two options, cut spending(which would have been EASY 10 years ago) and then spend time and a little money to encourage job growth in the UK, or raise taxes which led to an increase in the amount of jobs that were lost, an acceleration in the speed at which we lost jobs is more accurate. Which led to an even bigger defecit as the irresponsible government kept spending more and more.
These are by FAR the biggest reasons our economy slowed down, job losses which led to dramatically reduced spending growth, and THATS the problem that caused knock on effects around the world.
If the uk and US spend 50billion less on products because theres less money being generated, then 50billion less gets spent on products in China, for China to maintain their growth to maintain their spending, prices went up on products, which caused another drop in spending as even less people bought even less things.
Our entire economy is ENTIRELY built on buying useless things and our government took every single wrong step to slow down our economic growth rather than grow it.
