The Steep Decline of the British Economy

"We have always had two nations in this country, that of the haves and that of the have-nots. Some live like Roman emperors, and they will continue to do so. Others, at some point, got used to the fact that they could go on holiday twice a year. Those days are now gone. I believe that we will soon return to a kind of 21st century Dickensian society."

Parsons believes that there are people in prison who have caused far less harm than the bank directors who recently apologized on television. He characterizes the bankers' public mea culpa as a highly unsatisfactory charade, one without true remorse.

"I know, of course, that it won't change anything if we put their heads on a stick in front of the Bank of England. But we should do it anyway. Maybe it would make us feel better."

Translated from the German by Christopher Sultan

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