Why doesn't this country produce anything?
From Unfocusgroup.org
Unfinished (indeed, un-started) article.
Topics:
- The banking "industry"
- Needing to produce things that are easily understood (things like hedge funds are "hacks" and are unstable)
- Creating a culture of "production" and "quality"
- Government intervention is a dirty word, yet we now have state ownership of one of the symbols of capitalism - the banks.
- Insurance companies are the next ones. We are forced to have insurance, yet they take the piss.
- There is a lack of "work ethic" in Britain. Indeed, in most developed countries we have become lazy, and assume that we can take over the world through ownership and management of assets.
- Indeed, the "services" industry is a valid one. But banking is not much of a service. It is more of a "system" that we are somewhat obliged to participate in. Rather, retail is a "service".
- Why don't the banks provide venture-capital investment? Indeed, the government can now do this (via the banks). It would be a great way to raise revenue for the country, and to get something back when the economy recovers. Provided that they make the right investment decisions of course - but this proviso is the same when making any decision with capital.
- We could even make cars that people actually want to buy, through startup socialism.
See Also
- Interesting article about lack of R&D [1]
