tradespreads
Member
- Messages
- 76
- Likes
- 0
The series is presented by Evan Davis.
On this occasion the production of the episode have totally lost the handle on a number of issues. The presenter comes across as unsure and also somewhat condescending .
Theses are my reservations on the show's take on Britain on the world economic stage.
1. Working Harder/Smarter
The question of working harder or smarter is a rather moot point. The greater question is how effective can the country be irrespective of working harder, smarter or a combination of both. What do we mean by working harder, is it manual labour? And what exactly is wrong with manual labour or is it below British society?
We have to realise in the real world there is no escaping the fact that all measure of output is really in terms of real world commodities which can ultimately be rooted down to hard Money in exchange for price. Something given in exchange for something else. Not something for nothing, nor Money for Nothing.
Just because some economies have resorted to QE means absolutely very little in real terms. By resorting to such measures such economies have only increased their inflation thereby devaluing the standard of their economy. History further tells us that this is an irreversible process. The result of which is an irreparable loss.
Like it or not there is a certain "Law of Monetary Conservation" which all economies are bound by. Lest we forget, Money is a finite resource and resources have to be priced in some accordance.
Financial Trading is another example which perpetuates the myth of getting rich quick. In this case, following Monetary Conservation, money is simply trading places from those giving to those taking and vice-versa. In essence there is nothing actually being made.
2. Playing Catch-Up
It is inappropriate to say other nations are having to play "Catch-Up" with the advanced economies of today. The game is all entirely relative. Different nations have had different circumstances and priorities. The historical lineage of many nations cannot even be compared to the West.
Further why should the current "Western Model" be something that other economies need to aspire to or catch-up to? Recent events of Booms and Busts only highlight the flawed nature inherent with "The-Model".
3. Job Functions for the IP Elite and Not-so-Elite (Jobs for All)
A suggestion such as this only highlights, and promotes, segregation of the workforce and the economy. Surely it is not feasible for the entire populous to work in one area/sector/field of the economy as there are only so many jobs to be filled. However what is severely required is much better distribution of the workforce across all sectors of the economy. It is no good having "Bankers" with their bonuses in one sector, yet public sector workers doing vital work on minimum wage. Yet the taxpayer is further used to offset the slant in the economy.
As a global civilisation we have to come to terms and properly address the priorities of sustaining ourselves with a decent and fair standard of living for all individuals in the present day and over the long term. We should not get en-groveled with making a quick buck in short term at the cost of forsaking all else. Goods being Made in Britian, or China should fetch a standard price determined by the resources invested into them. The competitive drive will always be there to improve on what we have today irrespective of the commodity or where goods are made. Different nations around the world will each have their own competitive edge and angle on things, as naturally determined by their heritage. There is much to be done but in a much different way.
On this occasion the production of the episode have totally lost the handle on a number of issues. The presenter comes across as unsure and also somewhat condescending .
Theses are my reservations on the show's take on Britain on the world economic stage.
1. Working Harder/Smarter
The question of working harder or smarter is a rather moot point. The greater question is how effective can the country be irrespective of working harder, smarter or a combination of both. What do we mean by working harder, is it manual labour? And what exactly is wrong with manual labour or is it below British society?
We have to realise in the real world there is no escaping the fact that all measure of output is really in terms of real world commodities which can ultimately be rooted down to hard Money in exchange for price. Something given in exchange for something else. Not something for nothing, nor Money for Nothing.
Just because some economies have resorted to QE means absolutely very little in real terms. By resorting to such measures such economies have only increased their inflation thereby devaluing the standard of their economy. History further tells us that this is an irreversible process. The result of which is an irreparable loss.
Like it or not there is a certain "Law of Monetary Conservation" which all economies are bound by. Lest we forget, Money is a finite resource and resources have to be priced in some accordance.
Financial Trading is another example which perpetuates the myth of getting rich quick. In this case, following Monetary Conservation, money is simply trading places from those giving to those taking and vice-versa. In essence there is nothing actually being made.
2. Playing Catch-Up
It is inappropriate to say other nations are having to play "Catch-Up" with the advanced economies of today. The game is all entirely relative. Different nations have had different circumstances and priorities. The historical lineage of many nations cannot even be compared to the West.
Further why should the current "Western Model" be something that other economies need to aspire to or catch-up to? Recent events of Booms and Busts only highlight the flawed nature inherent with "The-Model".
3. Job Functions for the IP Elite and Not-so-Elite (Jobs for All)
A suggestion such as this only highlights, and promotes, segregation of the workforce and the economy. Surely it is not feasible for the entire populous to work in one area/sector/field of the economy as there are only so many jobs to be filled. However what is severely required is much better distribution of the workforce across all sectors of the economy. It is no good having "Bankers" with their bonuses in one sector, yet public sector workers doing vital work on minimum wage. Yet the taxpayer is further used to offset the slant in the economy.
As a global civilisation we have to come to terms and properly address the priorities of sustaining ourselves with a decent and fair standard of living for all individuals in the present day and over the long term. We should not get en-groveled with making a quick buck in short term at the cost of forsaking all else. Goods being Made in Britian, or China should fetch a standard price determined by the resources invested into them. The competitive drive will always be there to improve on what we have today irrespective of the commodity or where goods are made. Different nations around the world will each have their own competitive edge and angle on things, as naturally determined by their heritage. There is much to be done but in a much different way.
