Saturday, 2 January 2010

Goodbye "the Noughties", hello "the Wanties"

So that is another decade over, a decade in which life for the average person has consistantly got slightly worse year on year.  A decade in which for the first seven years bankers and economist's repeatedly told us that the boom would go on for ever, "or at least plataeu", then claimed that "no one could have know this crash was coming" when it finally came, despite the fact that many academics, investors and even whole books had been prediciting it for years.

And these people are still in a job.  A nice, highly paid job, with a lucrative bonus scale and fat pension.  They did not pay for what they caused.

They should be in jail, but instead the likes of Sir Fred Goodwin "retire" on a £750,000 a year pension.  This man can be considered to be singularly responsible for the downfall of the Royal Bank Of Scotland, due to his obsession with mergers and aquisitions.  But instead of being pursued by the law for criminal malfeasance, he walks free and enjoys the finer things in life.  I would not be surprised to see him re-emerge in the media in a few years time, as an "expert financial advisor", he could complain about how the pension funds of PLCs are dragging the country down, how we all need to tighten our belts, how we should be happy with teh fact we even have a job in these trying times, and that pay cuts should be all the rage over the public sector.

There has been a lot of debate over what this new decade should be known as, but I think I have the answer: "the one-ties" (pronounced "wanties").  Thanks to Sir Fred and his ilk, we will all be wanting this decade.

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