Hope all stays well.

Chuck

Witnessing unionists final destruction of Britain’s shipbuilding industry was vastly different from the demise of the motor cycle industry’s demise through, mainly Japanese, competition. They simply took over British innovation and produced it cheaper.
Perhaps you’re too young to remember the ‘winter of discontent’ resulting from destructive union activity which made that Britain was the ‘laughing stock of the world’ when Margaret Thatcher was elected. Nulabor’s casino capitalist socialism has bankrupted Britain for generations to come …. taxpayers are used to profit and gain with ‘closed shop’ PFI’s etc.

FDR is still a hero of the left.

In times of crisis it is all the more important to have a government that actually understands basic economics.
With role models like FDR, Gordon Brown does not.

We need a conservative government as soon as possible to minimise the damage.

The media are wilfully bending the information.

PLease keep to the interests of the working people of this Country,( those jobsworths within the state = x million, are excluded).

This Tory Party I once supported without thought, is no longer.

Sound Principles well explained will always hold the day.

We have “sheep” as voters. Sad.

Any politician who moves to secure their own future through greed, and not to serve us, will pay a price.

These need to be structured to encourage savings for investment. For savers the credit crunch is, in fact, an asset crunch as penson funds, investments in shares and interest earned on cash deposits have taken an almighty hit over the past year.

There has been enormous wealth destruction; there needs to be wealth creation now. The dead hand of government intervention will not do it. It needs a willingness for people to take risks again in an extremely hosltile environment.

The last Labour government was held to ransom by unions who drove the final nail in the coffin of shipbuilding. The state of Britain inherited by Margaret Thatcher following the winter of discontent is not forgotten. Since her departure, Nulabor has morally and financially bankrupted Britain – blaming others in the process.

Are you in the, ‘Right’ Party John? Looks like a ‘Left’ Party from here.

I do think that there are two other longer term transformations required though. They won’t directly affect the current situation, but they might ameliorate future booms and busts. They are:

a) Gradually decrease the lifestyle expectations of the developed countries. Has to be gradual for fear of upsetting world trade, but the principle of economic growth ‘forever’ just cannot be true. Far better to reduce expectations now, rather than get into depopulation and wars over exhausted resources. The financial systems might be more robust if ‘growth’ is no longer the be all and end all of ’sucess’.

b) Remove expectations of ‘no risk’ living. This is in two parts, reduction of trivial and expensive rules about consumer and worker safety – yes, keep rules about food adulteration and wearing hard hats and safety boots, but remove rules about the shape and appearance of fruit and vegetables and running endless risk assessments about using correction fluid. The second part is reducing government rules about employment – do we really need the number of child protection enquiries, do we need endless paperwork to be a child minder, do we have to erect huge paperwork barriers around starting a new business? I fear there are far too many professional ‘busybodies’ making life difficult in the pursuit of ‘no risk’ living.

Taken together both of these ideas would encourage the mindset of getting the best out of what we have, rather than rewarding unthinking consumerism. We’ll know that the world’s economy is on a sounder footing when sensless excess is frowned upon and not treated as a mark of success and celebrity.