The UK Observer Editorial yesterday (October 30, 2011) – The economy: we need Plan B and we need it now – was focuses on a so-called Plan B that has surfaced as the progressive democratic alternative to the now failed Plan A which the British government has been ideologically ramming down the throats of its citizens since it was elected in May 2010. Plan B was put together by the UK Compass Organisation and apparently (in the words of that organisation) represents where “where is the left on the economy”. My reaction is that if that is what goes for “left” these days then what do we call “right”. If this is what goes for progressive economic analysis then what happened to progressive. Today’s blog thus continues my theme – When you’ve got friends like this – and constitutes Part 7 of that sequence. The main thing I find problematic about these “progressive agendas” seem to be falling for the myth that the financial markets are now the de facto governments of our nations which becomes a self-reinforcing perspective and will only deepen the malaise facing the world. The essence is if Plan A has failed and Plan B is as outlined by Compass then the world desperately needs Plan C.