I came across this in a Guardian discussion group just now, written by someone with the pseudonym MrDismal. Apart from the slight inaccuracy in the first sentence, it puts the issue beautifully, taking a bigger view…

The news gets stranger. The UK pound continues to drop, now on the news that the government will breach its self-imposed borrowing limits, which have proved to be worthless when they might have been most needed. Clearly, Gordon Brown’s economic policies were not designed to withstand stormy conditions. An expected shortage of tax revenues, combined with a growing bill for unemployment benefit,...

The mischief being perpetrated by the World Bank is much underestimated. Throughout the underdeveloped world, it promotes the desirability of introducing a system of land titles. This is perfectly reasonable when it argues that titles protect the poor against the weak and powerful and so improve their security of tenure, making them more likely to invest. But the bank is hopelessly wrong to advocate...