I agree with you that the sub prime fiasco is world wide and could possibly prove to be as devastating as the '87 crash.
However, I did not make any conclusion that said Howard is behind this market turmoil. That would be a nonsense statement.
I did say that I believe the Howard years created and endorsed an attitude among big business that they could do as they please and make bucketloads of money, irrespective of any social damage it caused.
Of course Howard didn't create greed. But he green-lighted it and encouraged it to flourish. We are now experiencing the results of that money-driven ruthlessness and lack of concern for middle Australia.
