Re: Your suggestions for the economy / public fincances : Wed Feb 27, 2013 5:05 pm  

Sal Paradise wrote:

A greater emphasis in turning raw materials into finished products and the technology that supports it - in a word manufacturing.

Yes, but how do you achieve that? It takes people to get up and do it. It takes innovation to come up with new things to make. It takes capital and risk-taking. No one seems to have the ability or guts these days. As has been said, lots of major companies are stuffed with cash but there are virtually no comepetent Chief Executives who can see opportunities and who are willing to invest. They are much happier to take no risks, which in many cases will cause the companies to decline. Traditionally, recession was a time where major companies increased market share by investing, buying up competitors, etc so they came out stronger.

Re: Your suggestions for the economy / public fincances : Thu Feb 28, 2013 1:14 pm  

Dally wrote:

Do you have an suggestions that might stimulate the economy / cut unneccesary public expenditure, etc?

Here's my first 3, the first and possibly second would need to be phased in:

1. Put a cap on the number of retail outlets any chain can have across the country. Say, 25. That would allow entrepreneurs to build up a reasonable empire and quality establishments to survive in big cities. It would mean that the big supermarkets and chains being broken up providing more choice, less dowward pressure on wages and ultimately create more jobs.

Who would be responsible for the introduction of such a cap, effectively a restriction on a private company? Parliament and civil servants. Do you think there is the political will to do it at this, or any, point in time? I have to say I don't.

2. Have an annual tax on the value of homes that are not a persons main residence. Say 5% on the annual value of a second home, 10% on a third home, etc. Combined with the imposition of rent caps this could free up alot of buy-to-let property, force prices down and be beneficial to society and the real economy.

We've struggled to get Gidiot to introduce taxes on his wealthy mates, or even get the required taxes off those who should be paying it. Again, parliamentary consent would be needed, and the vested interests of too many MPs and Ministers would see this probably fall short of getting before Parliament at all.

3. To legislate that British forces can only be deplyed into action in the event of a direct threat to British sovereign territory / waters / airspace or for humanitarian reason backed by a clear UN resolution.

How do you define a direct threat? Legislation would need to go before Parliament too and we would probably end up with even fewer numbers in the armed forces, which won't go down well with many.

Nice try though.

Re: Your suggestions for the economy / public fincances : Thu Feb 28, 2013 1:42 pm  

Sexual Deviant wrote:

... Renationalise the services that the evil Thatcher sold off for profit in her term in office.

Thoughts?

Emotionally I'm in favour but destroying something (or selling something off and then spending the money to make your feckin dreadful economic figures look slightly less dreadful) is a damn sight easier than finding the money to buy it back again, especially in a recession.
So, fiscally, we can't afford it.

Re: Your suggestions for the economy / public fincances : Thu Feb 28, 2013 1:46 pm  

My suggestion is for Cameron to get the EU working time directive changed.

It should be changed to have a maximum working week of 35 hours.
Bingo, jobs galore available.

It's only an extension of what he's been doing anyway, which has been replacing full-time jobs with part-time ones.

Re: Your suggestions for the economy / public fincances : Fri Mar 01, 2013 2:40 pm  

Here's as good as anywhere. A very interesting piece of analysis/opinion.

Here's as good as anywhere. A very interesting piece of analysis/opinion.

Re: Your suggestions for the economy / public fincances : Fri Mar 01, 2013 3:24 pm  

at any rate, we sort of shot our selves in the foot years ago, i sure people have already said here about selling off our industry to the highest( or lowest bidder),
ive been trying to summerise what makes german society different from the english one. people do not believe in debt here. it is somehow seen as a sin. they are proud of there industrys and constantly ask me why you got rid of all yours and i cant honestly answer the question. i know im gerneralising, and german culture to me seems a little grey. but just as an example last week i tried to buy a tv with my credit card in a nationwide shop and the refused me there and then. i have used this card in the darkest depths of south america and next door to england you cant. the german population i have met are very good with there money, and maths and that leads to its education system. they mostly refuse applicants for degrees, all tiers because they perceive our education system to be inferior, and they are right in my opinion. there is no quick fix we have to educate our children to the best level possible, Uni prices on par with germany, ( you will be amazed if you dont know already) and to teach people the skills that are going to push the country forward, not pushing trolleys.

Re: Your suggestions for the economy / public fincances : Fri Mar 01, 2013 4:54 pm  

Mintball wrote: Here's as good as anywhere. A very interesting piece of analysis/opinion. Used to read his every column in The Times. He writes credibly but over the years I read his pieces he got everything, withot fail, wrong!

Mintball wrote: Here's as good as anywhere. A very interesting piece of analysis/opinion. Used to read his every column in The Times. He writes credibly but over the years I read his pieces he got everything, withot fail, wrong!

Re: Your suggestions for the economy / public fincances : Fri Mar 01, 2013 5:17 pm  

Pat Bateman wrote:

...ive been trying to summerise what makes german society different from the english one. people do not believe in debt here. it is somehow seen as a sin...

Indeed, German businesses have only recently started accepting credit cards.

Pat Bateman wrote:

... they are proud of there industrys and constantly ask me why you got rid of all yours and i cant honestly answer the question...

Actually, we haven't, not all of it.
Stats are bandied about showing how the manufacturing workforce in the UK has declined dramatically ... but these stats don't usually take into account the fact that, in the old days, a canteen worker in a factory was counted as working in manufacturing but nowadays that function is most likely contracted-out ... ditto for security, IT services, cleaning, back-office functions etc etc., thereby making the stats look even far worse than they otherwise would be.
But your point does still stand, our manufacturing output has declined more than Germany's.
If Germany can retain its manufacturing, why can't we?
There is a general and erroneous notion here that all German industry is in the high-end, high-profit areas but, whilst they do make a lot of higher-end goods, they also make pencils and everyday commodities.

To me, the biggest differences are ...
1. The way in which German management and workforce in manufacturing collaborate rather than conflict, enabling the workforce to feel a sort of ownership and pride in the product and in doing a good job.
2. The German view is usually in the longer term (saving to get the cash to build their own home, for example) and this is reflected in German banks taking a longer term view of their loans to business, again seeing it as a collaboration. Where a British bank will pull the plug and forclose on a business at the first sign of anything negative, a German bank is more likely to turn up and offer to help to sort the problem out.

Re: Your suggestions for the economy / public fincances : Fri Mar 01, 2013 6:50 pm  

El Barbudo wrote:

Indeed, German businesses have only recently started accepting credit cards.

Actually, we haven't, not all of it.
Stats are bandied about showing how the manufacturing workforce in the UK has declined dramatically ... but these stats don't usually take into account the fact that, in the old days, a canteen worker in a factory was counted as working in manufacturing but nowadays that function is most likely contracted-out ... ditto for security, IT services, cleaning, back-office functions etc etc., thereby making the stats look even far worse than they otherwise would be.
But your point does still stand, our manufacturing output has declined more than Germany's.
If Germany can retain its manufacturing, why can't we?
There is a general and erroneous notion here that all German industry is in the high-end, high-profit areas but, whilst they do make a lot of higher-end goods, they also make pencils and everyday commodities.

To me, the biggest differences are ...
1. The way in which German management and workforce in manufacturing collaborate rather than conflict, enabling the workforce to feel a sort of ownership and pride in the product and in doing a good job.
2. The German view is usually in the longer term (saving to get the cash to build their own home, for example) and this is reflected in German banks taking a longer term view of their loans to business, again seeing it as a collaboration. Where a British bank will pull the plug and forclose on a business at the first sign of anything negative, a German bank is more likely to turn up and offer to help to sort the problem out.

Nail, head. my bank in germany hypovereinsbank, only gave me a cash card when i first opened my account.. for 4 months, the deal is they want to see if im careful with money. imagine that in Uk. secondly the bank manager rings me up when im at work and asks me how im doing, is there anything she can do to make my service better, i said could i use my new debitcard in england, as at christmas it was blocked ( perhaps not the bank but the card is a maestro not as commonly used) she said no problem. while i try to bumble in my 8 months of german, ha. the other thing that makes me laugh is they have a mark on equipment that says in english, 'made in germany' apparently its abit of a one up on america and england for inferior quality products, yet i still find old tools made in england, my collegues say the new stuff is crap, which is true, im a plumber i know the diffenence. but the old stuff was made to last. What happened? my boss at the moment is just one of thousands in the Munich area that buys land in the countryside and builds a bloody great big house, with whiste and bells and would need a direct nuclear strike to level it. El Barbudo you are correct that building a house provides investment in the future it does. People here in Germany ( apart form typical quick money men/women) are in for the long run. A draw back from this is i think a massive depression problem, i wish i had shares in vallium. twice last week was my U-bahn stopped bacause of suicide, perhaps that is a Munich thing because on the land its pretty cheery and relaxed while Munich is much like london, Apart from prowling gangs, fear for one life by going down the wrong street etc. I am proud of my country, to be a miner's lad and always will be and i feel like like my country is falling through my hands like sand at the moment, why cant we be at the forefront again, punching above our weight in education and technology . We had the smartest minds in the world at one time or another. where is our modern day Brunel or Dirac? Think Graphene, think Skylon engines, think fusion. we have these technologies in Britain, and my cynical side is who's the highest bidder going to be. We cant think short we have to think for our children's children . Sorry for the rant. im now going to have a Franzikaner.

[Kosh]

Re: Your suggestions for the economy / public fincances : Fri Mar 01, 2013 7:00 pm  

Pat Bateman wrote:

Sorry for the rant. im now going to have a Franzikaner.

As an aside, I just found out that my local Tesco carries this. Good times.