one minute in... do I wonder if the Oxford Teacher level that is possibly from Cambridge will acknowledge substantial structural problems in the banking system and economy.
How ever, can the nation live with having to pay off Central Bank debts from tax money by cutting down all national spending to a very minimum, this time to a level that even The Iron Lady would make feel not amused to uncomfortable.
Schools will suffer, Universities as much, Infrastructure stretched to the bare bones, Railway become an even worse disaster, Air Traffic Control be on regular strike just with Underground and Bus operators with the IHRs missing every smile shacking hands with the next Royals for a reason the Prince will do share, I assume, understanding just too well that British virtues are stretched too hard in these ....
Anyway.
There is pretty much no way to restart industrialization. The ship yards won't come back and so won't the car and truck industry. The aim of creating a Service Economy failed and the financial industry will remain the only wing of the economy that deserves the word industry.
People will manage, but not prosper anymore, on a large wide scale creating a new mid-class being the opposite of what the MODs in the 60ies demanded and lived when the economy was booming. Even elite collage degrees will be as bad as PPE from even Oxford or a PhT in Philiosophy having a "I financed it by Weed" picture in the alumni that the Bank's HR guy has also access to having to compare the actually fine in marks candidate with dozens of others.
That is a new situation is British history and called mass poverty, just in a new form, because no one will have to starve.
#TIE
04:27 Sounds like I did understand the books we both read, too. Being from a different Economic School as him, he won't mention that if foreign large investments won't come (creating a Corpo' Asuka Cyperbunk World of the Haves), labour laws and regulations for Small companies must be liberalized compared to Guernsey and Jersey tax declaration needs in order to let the missing factory and service jobs be caught by the creative small entrepreneurs. How many joineries exist in Oxford Town and how many of those export into another country next to the BMW Mini Factory using the same container shipping routes?
I accuse you, Oxford Economist, to never have stepped back into the philosophy of economics even so discussing Smith, Keynes and even Marx, to evalue the importance of the different stake holders in a large industry dominant company, but on an individual basis having generalized the Share Holder followed by the Management going so far to put the Customer and Worker lowest no matter the individual situation of the company itself.
That's the real fault of Thatcherism.
The British Langley and Railway disasters were commonly known management mistakes while Barkley's success is their very reason. No scholar has any strategy to enable the workers to take responsibility in a company at all. It is missing in Economic Philosophy.
...and now you...
#noblessoblige
