31–40 of 115 posts
A loss of political support for manufacturing has caused a loss of manufacturing in the US too - we wanted nice clean information jobs, no dirty factory jobs spewing chemicals all over
Manufacturing's share of GDP falls in all OECD countries. Services grow faster. Even manufacturers get more and more income from services.
Earlier quoted context omitted.
If only there was some sort of regional currency, less susceptible to a single country’s economic changes, that one could use...
The ECB is not unbiased in the slightest, they always favour the northern states.
All of the main parties in the UK keep skirting around the start of the solution to "rebalancing" the economy: massively increased taxes on the rich to pay for the required investment. This is not a new idea; low taxes for the wealthy are a relatively modern phenomenon yet the social mobility gap has been getting wider. There is surely enough support for it among a properly informed plebiscite, but they are never giv…
Reminds me of something a popular 2020 candidate says regularly about retraining failures as automation arrives to suck up jobs.
UK might need a Yang like $1000 pound/month citizen's dividend.
I personally think that the UK has outsourced manufacturing without investing sufficiently into STEM to make up for it.
Just to add to the complexity of the issue: Part of the problem for the UK lies in the strength of the pound. The financial sector is so strong that it drives up the value of the pound beyond the demand for anything made in Britain. This makes it hard to compete on price in pounds. https://en.m.wikipedia.org/wiki/Dutch_disease
This is the biggest reason. The pound has been over-valued for entire generation, making hard to export. The second biggest problem - my opinion - is the class / education system in the UK suppressed the possibility of the type of talent you need in upper and middle management to enable companies to scale. You need professionals that worked their way up on the basis of merit and ability and are used to self-learning…
Earlier quoted context omitted.
If only there was some sort of regional currency, less susceptible to a single country’s economic changes, that one could use...
...if only that currency was controllable by Britain's government according to Britain's needs, instead of being run according to some other country's interests to propel its own economy (using a number of satellite states to vote in its favor) -- and causing the exact same problem the grandparent described in the periphery countries...
Please note that I am not taking any position, I just want to get more informed about the internal EU problems.
Britain makes the best cars in the world, the problem is they only make a few dozen a year. All that hard work, just for Lewis Hamilton to lead a parade.
Which ones are the those, the unreliable McLarens, or the unreliable (but at least beautiful) Aston Martins?
Just to add to the complexity of the issue: Part of the problem for the UK lies in the strength of the pound. The financial sector is so strong that it drives up the value of the pound beyond the demand for anything made in Britain. This makes it hard to compete on price in pounds. https://en.m.wikipedia.org/wiki/Dutch_disease
This is the biggest reason. The pound has been over-valued for entire generation, making hard to export. The second biggest problem - my opinion - is the class / education system in the UK suppressed the possibility of the type of talent you need in upper and middle management to enable companies to scale. You need professionals that worked their way up on the basis of merit and ability and are used to self-learning…
Ultimately he ended up with George Kosmetzky, the dean of the business school, as a board member, so I guess there were no long-term hard feelings. But still, this episode showed where the school's priorities really were.
All of the main parties in the UK keep skirting around the start of the solution to "rebalancing" the economy: massively increased taxes on the rich to pay for the required investment. This is not a new idea; low taxes for the wealthy are a relatively modern phenomenon yet the social mobility gap has been getting wider. There is surely enough support for it among a properly informed plebiscite, but they are never giv…
That’s one possible approach. The one I favour is a total moratorium on new building work in the South East. That’s the only way to force both workers and companies to look to the North. The problem with “tax the rich” is that the numbers of truly rich are tiny and you could swallow their entire fortunes and they’ll be gone in a week. Exercise for the reader, how long would Richard Branson’s entire wealth run the NHS…
Anyway, I agree with your idea about the south east. As the article points out, Thatcher's policies focused on the south east and ignored the "North" (part of the problem being no one can agree where the North starts or ends). Ideas like HS2 pushed by the new Tories are also just making it possible to live in the north and yet still work in London, not solving any problem.
All of the main parties in the UK keep skirting around the start of the solution to "rebalancing" the economy: massively increased taxes on the rich to pay for the required investment. This is not a new idea; low taxes for the wealthy are a relatively modern phenomenon yet the social mobility gap has been getting wider. There is surely enough support for it among a properly informed plebiscite, but they are never giv…
That’s one possible approach. The one I favour is a total moratorium on new building work in the South East. That’s the only way to force both workers and companies to look to the North. The problem with “tax the rich” is that the numbers of truly rich are tiny and you could swallow their entire fortunes and they’ll be gone in a week. Exercise for the reader, how long would Richard Branson’s entire wealth run the NHS…