Posts Tagged ‘crisis’

Crisis, what crisis?

Three words that helped bring down the last Labour government in 1979, even though the man generally thought to have uttered them – Jim Callaghan – did not in fact do so. But the Sun journalist who fashioned that headline caught the popular impression of a government unaware of a very serious state of affairs which had sneaked up on it.


Crises are not often seen or predicted prior to the event. Despite the world now full of “experts” who fully predicted the 2007-08 crisis and hundreds of books on the matter, there were very few real visionaries. Most if not all of them were much maligned at the time and often dismissed as crackpots.

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