The economy has become seriously unbalanced. Its growth has not been driven by investment or by overcoming Britain's long-standing weaknesses in investment and productivity, particularly skills. Instead, there has been a binge of debt-financed consumer spending.
I do have confidence that we're gonna be able to get it right. But it's not gonna be overnight. And there's no silver bullets to this. The fact of the matter is, is that we are suffering from a massive hangover from a binge of risk taking.
There ARE people who won't customarily eat an entire row of cookies, or hear food calling their name from other rooms, or who don't grind up food in the garbage disposal for fear of eating it, or get it back out of the garbage so they could eat it. Of course, my binge eating was just a cover-up for the larger issue: Trying to fill the emptiness
Weekly $25,000 shopping binges at Barney's and "high end" boutiques for clothes I barely wore were the norm. So were lavish meals with friends where I picked up $1000 tabs. These high-priced activities were within my limits because I was extremely successful financially, a testament to my manic behavior, not to mention my involvement in illegal activities.