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Angela Merkel has the whip hand in an orgy of austerity
The novelist and polymath Anthony Burgess published a selection of book reviews and essays in the 1980s called Homage to QWERT YUIOP. One of the pieces was called The Whip and in it Burgess discussed le vice Anglais, the derisory term given by the French to the masochistic sexual preferences of upper-class Brits. Burgess was in no doubt that the taste for the whip had affected the way Britain had been run, and he was probably right about that. In the 1970s, the Bank of England had an instrument for controlling the amount of credit in the economy, which its practitioners lovingly called the corset. Enough said. When ... (full story)
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