Nobody's saying a "shadow party" (sic) has the same power. That's you putting together a strawman (like you falsely accused me).
It's a simple enough flaw to see, unless the blinkers are on too tight - How can you try and make a political point when your guys were clamouring for even more deregulation?
Here's another simple question - can you evidence anything to suggest it would have been better or worse under the Tories than under Labour? Because if not, then it was silly to try and make it a political point.
That said, if you were working in the industry at the time I can see why you're so keen to insist, "It's the fault of the people who should have been keeping me and my chums in check better."
Groan. Yours was demonstrably a strawman - you've got to move back just slinging your own fallacies back mindlessly as some form of credible argumentation.
'specifically blame Labour is ludicrous because the Tories nailed their colours to the mast on this and would have made the UK fare worse.'
- Give-to-take-back’ tax credits
- Abolition of the 10p tax rate
- 0% corporation tax
- Taxing pension fund dividend payments
- Bending to the banks
- selling the gold reserves at the worst moment possible
- tripartite financial regulation
this goes on and on as per the original list I provided
I mean you can read Gordon Brown's own admittances here in any of the coverage - to his credit he has been open about his many errors in regulation, fiscal policy, government policy and more, eg
“We made two mistakes [in scrapping the 10p tax rate in 2007], we didn’t cover as well as we should have low-paid workers…[or] the 60 to 64-year-olds who didn’t get the pensioner’s tax allowance.”
'A Treasury minister later said “the Government did not realise how many people would engage in abusive tax avoidance“, despite it being “blindingly obvious” to tax experts. Brown raised the rate from 0% to 19% when he released
how much money was being lost.'
but it's slightly ridiculous that you're arguing that he/Blair were faultless and did nothing the Tories wouldn't do, when he himself has openly admitted his government's failings (to his credit)....
Probably the most credible of that era is neither Labour or Tory, but Vince Cable who famously challenged Brown in the HoC: “Is
it not true…the growth of the British economy is sustained by consumer spending pinned against record levels of personal debt, which is secured, if at all, against house prices the Bank of England describes as well above equilibrium level?”
The idea that no one saw it, just doesn't stack up to facts. So if you can move past the uncredited ad hominem attempts, it's truly worth learning more.
But if not, then as suggested, keep waving the flag.