During the noughties, Liebour were repeatedly warned, by economists, about their loose money policy and low interest rates policies, which would end in tears. An economic cycle since WWII is on average 42 months (we are well overdue a correction on the current long cycle, and Trump is about to deliver one.
). UK Government rules are that you can (Keynesian borrowing at the beginning of an economic cycle as long as it is paid back later in it). McRuin decided he could borrow, borrow, borrow, spend, spend, spend right the way through the economic cycle and to balance the cycle by extending it!
This is like King Canute deciding when the tide will come in, for how long and how high. ie A total fool spouting a load of bollards.
We have paid the price since 2008 where the majority of wages have not recovered unless have a degree or are even higher educated.
Society is increasingly being polarized into the well educated like Tunnie (well done, where he has developed his 'in-demand' skills) and those on a minimum wage. Those in manufacturing that were on minimum wage plus a bit were eliminated by a combination of Liebour increased taxes and tree hugger costs and mass migration, where the minimum wage is unheard of riches and you actually get paid, unlike in Eastern Europe!
If anybody thinks the way forward is a McRuin on steroids, beholden to unelected Marxist union leaders, well good luck with that one.
How well a country does is decided by the quality of the politicians and the decisions they make. South Korea, Singapore, Switzerland v North Korea, Cuba, Venezuela.
A vote in a democracy is a powerful decision in not only deciding who wins in our first past the post system, but also by how much which adds much legitimacy to their 'vision' for the country. Trump lost the popular vote, but won the electoral collage, which puts a question mark over his legitimacy by the trouble makers.
Education is the key and our low achievement Stalinist system and is a major cause of UK under-achievement. Grammar schools and improved social mobility are a step forward, but an even bigger one would be adopting a German style vocational system for those more suited to going into industry. We don't need a nation of brain surgeons, but a range of top skill who can compete internationally, earning the salaries they can globally command. A county's biggest asset is their human capital and we need to do much better in developing it and getting people 'to express themselves' by producing world class 'premium' products and services.
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Topic: Theresa or Jeremy? (Read 59409 times)