Try this thought experiment: Suppose the Dow Jones Industrial Average fell to 5000 and stayed there, supine and sick with Asian flu, for several years.
Private-sector investors have been a remarkably supine breed, sitting quietly while they were generally the losers as the banks shared the spoils of apparent growth between employees and owners.
The home secretary at the time, Jim Callaghan, told Parliament how Britain faced a "pharmaceutical revolution" which presented such dangers that if the country was "supine in the face of them" it would quickly lead to "grave dangers to the whole structure of our society".