Robert Peston knows his onions. In a two-parter, 'The Party's Over: How the West Went Bust' (BBC2), Peston displayed his considerable talents; he is a distinctive and distinguished broadcaster (albeit one with an eccentric vocal delivery unique to himself). Much of TPOHTWWB was a tour-de-force summary of the 2008-plus 'great correction' i.e. current World Recession/Depression. Some insightful interviews with market players and analysts helped explain the depth of the hole we're in and how we got into such a state. However, while most blame was rightly apportioned to 'the banks' and the financial sector, Peston is of the 'We all Partied' point of view when it comes to public/sovereign debt.whereas those who got us into this mess (the financial services sector) aren't paying for their vandalism, ordinary schmucks and the poor are. On the plus side, Peston emphasised the importance of education but failed to address the question of what those who don't qualify as scientists or engineers are supposed to do. His take on German corporatism was particularly good; workers councils, small-medium buisnesses, and links with local communites are an integral part of the German economic story. Like a lot of us, 'thetvreviewguy' is pretty much recessioned out, but TPOHTWWB was a welcome addition to Debt TV and left him a little wiser but, if not wealthier.
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