Some wise person – I have a strong sense it may have been our own Christopher Fildes – once offered a compelling theory of the cyclical nature of financial crises. They happened, he argued, shortly after the last person at the bank to remember the most recent crash reached retirement age and cleared his desk.
For NHS staff, I think there’s a pretty strong case to be made – given their constant contact with lots of immunocompromised people – that being vaccinated should be a condition of employment
At this point, he said, the buccaneering young things who came after started to imagine that the recent period of stability and prosperity was the natural order of things. They mistook the various tedious regulations (formed in the aftermath of the previous crash) that underpinned this period of stability and prosperity, and protected the world from financial disaster, for ‘red tape’.
They imagined, as they started to circumvent all this red tape, that they were the first generation in history to discover a new way to defy the laws of financial physics.
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