
Ireland’s Last Growth Industry: Pitchforks and Torches
Morgan Kelly’s piece in today’s Irish Times is a brutal and alarming analysis of Ireland’s next nightmare: a mass “strategic default” on mortgages. This could, he suggests, change the politics of the state forever: My stating the simple fact that the Government has driven Ireland over the brink of insolvency should not be taken as a tacit endorsement of the Opposition. The stark lesson of the last 30 years is that, while Fianna Fáil’s record of economic management has been decidedly mixed, that of the various Fine Gael coalitions has been uniformly dismal. As ordinary people start to realise that this thing is not only happening, it is happening to