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I appreciate that but again you are guilty of immediate term thinking rather than thinking what would be the case if they had not acted in such a self-interested fashion these last 15 or so years and grown these companies by investing cash piles in new ventures - by your analysis CT receipts could be much higher than they currently are.

You are guilty of thinking those companies of 15 years ago would still be big companies - look at the FTSE 100 from 15 years ago and compare to now and see how many companies are still in it? What is driving the growth of those companies that replaced those from 15 years ago? Surely its capital investment?

Again, lack of investment has in many cases caused decline in former leaders.

This is far too glib; I work in the H&S Care sector - the private bit - and continuous improvement is very much part of the culture across the sector. I'd suggest that's driven by increased regulation - and a need to demonstrate improved outcomes to justify our use of public money.

Kaizen as a formal process however, doesn't deliver anywhere near so well in knowledge work as it does in manufacturing - which is where it came from; it's likely that since we don't manufacture much any more in the UK and our economy is much more reliant on the service sector, the application of Kaizen by managers who undertake an MBA and get all excited when they study it, is less effective in the modern world of work. To suggest that modern companies don't practice continuous improvement however, is just silly; to suggest that they don't use Kaizen methods is probably true though - and rightly so.

I have worked for 2 Universities who deliver MBAs. I have worked with several people who have undertaken MBAs. I have not been impressed the outcomes at all.

They're not there to impress you, they must have been impressive to get an MBA!

Why?

Have you got one?

No. Never seen the point. It would be irrelevant to me.

Looks like the Tories are adopting all Corbyns policies anyway - everyones a winner!