Some of the people on the top of the cake have changed but the concept is still valid after all these years. When we are are in a position when "The Markets" seem to be playing a part in the formation of the next government. It is the people at the bottom who will play the major part in any cuts, that will come about and with International financiers determining by their monetary speculation the fate of a Nations economy.
We can see that whatever the outcome of the negotiations on the formation of the next UK government, the much vaulted change and fairness that was promised by all the major parties will not occur.
Is it only a year ago that leading politicians were calling for major reforms and even for the heads of our banking establishment. Indeed this was largely absent from the election campaign and even "St Vince of Twickenham "was largely silent.
If there is a Tory-Lib Dem government, it will a major betrayal of the people by the latter and if they fail to get a commitment to PR (Not an enquiry) then the very moral basis of their campaign of 2010 will be exposed as flim flam and they will face the consequences in the long term.