Bankocracy

Bankocracy :
A relatively new form of crony capitalism, though with roots in past. Closely related with the banks' power to create money out thin air.
A state/country can be said to be Bankocratic if the major decisions are made by government in order to favour the Bankocrats. This is a way of keeping the profits earned by bankocrats to themselves and spreading their losses to whole country/state (to a larger group if possible).

A bankocracy effectively uses the money creation power of banks to inflate money supply, create asset bubbles, profit from them, and holding economy ransom when those bubbles are about to naturally pop. A set of useful idiots (economists, politicians, journalists) is all that is needed to socialize any impending losses.

Keynesians face reality

and, naturally, it distresses them.
UK is a classic basket base. Except for football hooligans and lately, islamic extremists, UK has ceased to produce anything of any significance.

And now, keynesian economic policies are putting the final nails in the economic coffic of what once used to be a nation.

I won't be surprised if UK decided to try EU membership in desperation and rejected. Although EU is very fond of expansionism but greeks have kind of shaken their resolve.

Deathbed of Keynesian Economics Will Be in U.K.