North Sea Bubble

At Salisbury Review’s Hilarious Pessimist blog, Dalrymple puts Spanish Prime Minister Rajoy’s alleged slush fund into perspective:

Every person employed in Britain at public expense who is paid more than the smallest amount that he would consent to work for, every person likewise employed in a post whose activity is unnecessary or worse, that is to say positively harmful to the economy (and there are many, in practically all fields), is in effect the beneficiary of a monumental slush fund, albeit a legalised one. This kind of slush fund is, in fact, far worse than that of Sr Rajoy’s, because his at least has the merit of being against the law and therefore vulnerable to detection and suppression. It is when corruption is legalised that the real problems begin.

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