Re: The Economist view of the North : Tue Oct 15, 2013 9:36 am
Euclid wrote: ... Is this just economic reality or another condescending article by lazy journalists out to perpetuate out of date stereotypes? My guess is lazy journalists, possibly with a rightward leaning. "The North" is a problem for the right wing electorally because, in the North, proportionally more middle-class people vote Labour than working class do in the South (source? ... er ... The Economist last year http://www.economist.com/node/21562938). Many in the North still haven't forgiven the acts of the 1980's, which they still see as an attempt to close down non-Tory regions, a notion that is not entirely untrue. Many more resent what they perceive as the Southern attitude. There is an erroneous school of thought in London (it frequently crops up in the Evening Standard) that London supports the rest of the UK. Those who subscribe to that view conveniently forget that a lot of the wealth that London "creates" is actually extracted via trading that could not occur were it not for the efforts of the rest of the country (and world). To suggest that the rest of the country should therefore be managed downwards is to imagine that the financial sector and the other sectors that service it are all we have, and that trickle-down economics works. Which is a) nonsense and b) undesirable in a balanced economy. The Economist often fails in genuine economic thinking. |
Euclid wrote: ... Is this just economic reality or another condescending article by lazy journalists out to perpetuate out of date stereotypes? My guess is lazy journalists, possibly with a rightward leaning. "The North" is a problem for the right wing electorally because, in the North, proportionally more middle-class people vote Labour than working class do in the South (source? ... er ... The Economist last year http://www.economist.com/node/21562938). Many in the North still haven't forgiven the acts of the 1980's, which they still see as an attempt to close down non-Tory regions, a notion that is not entirely untrue. Many more resent what they perceive as the Southern attitude. There is an erroneous school of thought in London (it frequently crops up in the Evening Standard) that London supports the rest of the UK. Those who subscribe to that view conveniently forget that a lot of the wealth that London "creates" is actually extracted via trading that could not occur were it not for the efforts of the rest of the country (and world). To suggest that the rest of the country should therefore be managed downwards is to imagine that the financial sector and the other sectors that service it are all we have, and that trickle-down economics works. Which is a) nonsense and b) undesirable in a balanced economy. The Economist often fails in genuine economic thinking. |
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