Saturday, April 3, 2010

Captains of What Industry?

Got to give 'Mad Dog' Maddox some cred for this article:

Scots captains of industry join outcry over 'jobs tax'

Although you can't help but think his Tory loyalties are on parade given there's an election afoot.

This is about Brown's plans to increase national insurance contributions. Two things spring to mind about this: Will the supposed government income from this not simply go to repay the national debt Labour has got us into thanks to the banker bail-outs? Britain needs to increase its manufacturing base drastically, how is taxing workers and business going to encourage that?

There seems to be a widespread focus on what to do about the financial crisis and nothing about what has and is causing it.

Firstly, low interest rates encouraged speculation and has landed us all in debt; government and citizenry - thanks Gordon. By taxing industry and letting the finance sector get rich quick Gordon has finished the job started by the Tories of making other countries' companies more competative than Britain's and so manufacturing jobs have went overseas - thanks Gordon. The bail-outs for the banks and the money printing Gordon has indulged in has deepened the crisis Britain is in hugely. That is why he has a budget deficit.

If you want to fix the problem don't let those who caused it get the chance to deepen it by trying to cover up. Brown is sorely deluded that the finance sector will be back to where it was a few years ago and Britain will 'recover'. The situation the finance sector was in a few years ago caused the crisis and now Brown thinks that spending trillions of citizens' money to bring back a fraudulant, destructive system is a good idea. He's mad.

Is it not ironic that Labour sold out the manufacturing base to enrich the fatcat financiers? Is that not selling your soul? Was the point of New Labour to do what the Tories couldn't get away with?

And let's hear what our captains of industry have to say. First, Jim McColl, the chief executive of Clyde Blowers, which has an annual turnover of £1.2 billion, said:

The government should be trying to stimulate businesses and the economy, and that is how we are going to get out of this economic downturn.

In my view, we should not be taxing more, but cutting waste in the public sector now. I believe it is more than possible to cut backroom waste without hitting front-line services.


Deary me Jim, the problem was started because of government stimulating the economy. Those low interest rates remember? Then to make things worse the bail-outs and the money printing (quantative easing). When governments stimulate the economy you end up with the misallocation of capital and so you get bubbles. This means jobs are created which have no value to the economy and taxpayers and businesses have to pay for these bubbles meaning a loss to the rational, productive, valuable economy. The way to get out of the 'economic downturn' is for government to leave it alone and let the corrections take place. That way you save money and get into less debt. Do our 'captains of industry' really want to beg for some welfare hand-outs? Is this business or crony capitalism he's arguing for?

Sir Tom Hunter gets a little closer:

If businesses are going to lead the country out of recession they need to be allowed to expand and employ more people.

This is generally speaking true but I think Tom misunderstands what's causing the financial crisis. The financial sector is bleeding the economy dry. Until that changes nothing will get Scotland or Britain out of the hole. Business will not be able to expand and more taxes will inevitably come. You've got to starting hitting the target boys.

Another Sir Tom, Farmer says:

Increasing National Insurance costs will be a major factor which will make people wonder about their head counts.

Yeh? And what about the consumers Tom? They're broke thanks to debt; theirs and their governments. You're gonnie be laying people off and the real cause is low interest rates, bail-outs, money printing and in short crony capitalism. I hardly think a hike in national insurance compares to those sins.

Yet another 'business' article where the journo and his sources haven't got a clue. Any businessman would take a hand-out from the government but these guys are supposed to be hard-nosed capitalists. They should be demanding a level playing field and market interest rates to get on with doing business instead of sniffing round the public sector trough.

Then in pipes Willie Haughey, of City Refrigeration:

None of us like paying extra taxes, but those who want to reverse the increase need to show where the money comes from.

A laudable attempt at being responsible. However anyone with half a brain has the answer: Stop giving taxpayers' money to the financial sector and then you won't have to tax jobs and industry.

Wouldn't it be nice if we had 'captains of industry' who understood even the rudiments of economics?





















As businessmen the Sir Toms and the other gentlemen have to be respected. True leaders though would know where the economic problems are and take aim. In the debate we have over the economy there is practically nothing of interest coming from the business world, the political world or the media world. Junk economics seems still to be the mantra. Crony capitalism continues unquestioned and ensures that the systemic collapse we are suffering does even more damage before anything sensible can emerge to replace it.

During the enlightenment, when businessmen understood philosophy, economics and other disciplines, we had men of serious standing in our national life epitomised by Adam Smith (above) who was as comfortable socialising with merchants as he was academics. Now, it seems, we have cleverish children of Thatcher.

Mad Dog's article still had to serve up one last morsel. This in regards to Labour's reaction to the opinion of these businessmen:

Scottish Labour last night suggested that at least three of their critics – Sir Tom Farmer, Sir Tom Hunter and Jim McColl – were SNP supporters.

Isn't it admitting the obvious when you have to acknowledge that Scotland's top entrepreneurs are Scottish nationalists? It must really rankle. What a puerile gaggle Scottish Labour are.

Make no mistake. Britain's banks are still insolvent and they'll be back for more bail-outs. They're still selling fraudulant derivatives and speculating wildly in the knowledge that when they lose they'll have the taxpayer behind them.

Brown is driving Britain into the ground. Business must acknowledge that modern economics has been undone. Debt is not capital. You can't have capitalism without capital. We need savings to increase manufacturing and that will only happen when interest rates increase. Don't expect government to increase interest rates given the debt the nation is in. Unless you speak up now Brown and his cronies will destroy Britain's economy.

40 comments:

Anonymous said...

Hi there, I found your site by means of Google
even as looking for a related topic, your site got here up, it seems to be good.

I've bookmarked it in my google bookmarks.
Hello there, just became alert to your blog thru Google, and found that it is really informative. I'm going to watch out for brussels.

I will appreciate if you happen to continue this in future.
Numerous people will likely be benefited from your writing.
Cheers!

Have a look at my webpage - Cheap Jerseys

Anonymous said...

What's up friends, how is the whole thing, and what you would like to say on the topic of this post, in my view its in fact awesome for me.

Look at my web-site ... nfl cheap Jerseys

Anonymous said...

Very nice post. I just stumbled upon your weblog and wished to say that I've really enjoyed surfing around your blog posts. In any case I will be subscribing to your feed and I hope you write again soon!

My web page ... Authentic Kris Letang Jersey

Anonymous said...

Hello there I am so thrilled I found your website, I really found you
by mistake, while I was looking on Google for something else, Anyhow I am here now and would just like to
say thanks a lot for a tremendous post and a all round thrilling blog (I also love the
theme/design), I don’t have time to look over it all at the
moment but I have book-marked it and also added your RSS
feeds, so when I have time I will be back to read a great deal more,
Please do keep up the superb jo.

My web site :: Louis Vuitton Bags

Anonymous said...

Sweet blog! I found it while surfing around on Yahoo
News. Do you have any tips on how to get listed
in Yahoo News? I've been trying for a while but I never seem to get there! Appreciate it

Here is my site ... Louis Vuitton Bags

Anonymous said...

Every weekend i used to go to see this web site,
because i wish for enjoyment, as this this website conations truly pleasant funny
stuff too.

Look at my webpage ... Cheap Jerseys

Anonymous said...

What's up, after reading this amazing paragraph i am also glad to share my know-how here with mates.

My site; Michael Kors

Anonymous said...

Write more, thats all I have to say. Literally, it seems
as though you relied on the video to make your point. You obviously know what youre talking about, why throw away your intelligence
on just posting videos to your weblog when you could
be giving us something informative to read?

Here is my blog post Louis Vuitton Handbags

Anonymous said...

Just want to say your article is as surprising.
The clarity to your put up is just spectacular and that i can suppose you're knowledgeable in this subject. Well with your permission allow me to grasp your RSS feed to keep up to date with approaching post. Thank you 1,000,000 and please carry on the enjoyable work.

my blog ... Home Page

Anonymous said...

A fascinating discussion is definitely worth comment.

I do believe that you need to publish more on this subject, it may not be a taboo subject but typically folks don't talk about these topics. To the next! Kind regards!!

Feel free to surf to my homepage: Abercrombie France

Anonymous said...

After I originally commented I appear to have clicked the
-Notify me when new comments are added- checkbox and now every time
a comment is added I get four emails with the same comment.
There has to be a means you can remove me from that service?

Appreciate it!

Also visit my blog post ... article source

Anonymous said...

I would like to thank you for the efforts you've put in writing this site. I really hope to see the same high-grade blog posts by you later on as well. In fact, your creative writing abilities has motivated me to get my own site now ;)

Feel free to visit my page: Air Jordan 2013

Anonymous said...

A fascinating discussion is definitely worth comment.
There's no doubt that that you need to publish more on this topic, it may not be a taboo subject but generally people don't discuss such topics.

To the next! Many thanks!!

My blog post ... Louis Vuitton Handbags Outlet

Anonymous said...

If you desire to get a good deal from this paragraph then you
have to apply these techniques to your won
blog.

my homepage - Authentic Sidney Crosby Jersey

Anonymous said...

Hello there, You've done a great job. I will definitely digg it and personally recommend to my friends. I'm confident they will be benefited from this website.


Here is my website ... Michael Kors

Anonymous said...

Way cool! Some extremely valid points! I appreciate you writing this
article and also the rest of the website is really good.



Also visit my site ... http://slc-wireless.com/

Anonymous said...

Thank you for every other informative blog. Where else may just I get that type of information written in such a perfect means?
I've a challenge that I'm simply now operating on, and I
have been at the look out for such info.

Visit my blog NFL Jerseys Cheap

Anonymous said...

Great article! We will be linking to this particularly
great content on our site. Keep up the good writing.

Also visit my webpage Abercrombie

Anonymous said...

It's an amazing post designed for all the web visitors; they will obtain advantage from it I am sure.

my web-site ... Authentic Evgeni Malkin Jersey

Anonymous said...

Link exchange is nothing else except it is only placing the other person's weblog link on your page at suitable place and other person will also do same for you.

my site - Mario Lemieux Black Jersey

Anonymous said...

This piece of writing will help the internet viewers for building up new weblog or even a
weblog from start to end.

Also visit my web-site - Cheap NFL Jerseys

Anonymous said...

My partner and I absolutely love your blog and find almost all of your post's to be what precisely I'm looking for.
Does one offer guest writers to write content for you?
I wouldn't mind publishing a post or elaborating on a lot of the subjects you write about here. Again, awesome web site!

Here is my blog post; Air Jordan Pas Cher

Anonymous said...

I'm amazed, I have to admit. Rarely do I encounter a blog that's both equally educative and entertaining, and without a doubt,
you've hit the nail on the head. The issue is an issue that not enough men and women are speaking intelligently about. Now i'm very happy I found this in my
search for something relating to this.

Stop by my blog :: Sac Guess Pas Cher

Anonymous said...

Hey there! I know this is somewhat off topic but I was wondering
if you knew where I could locate a captcha plugin for my comment form?
I'm using the same blog platform as yours and I'm having difficulty finding one?
Thanks a lot!

Feel free to visit my web-site - more

Anonymous said...

Spot on with this write-up, I really feel this web site needs a
great deal more attention. I'll probably be returning to see more, thanks for the information!

Here is my web page - Chaussures De Football

Anonymous said...

This information is worth everyone's attention. When can I find out more?

Take a look at my web site ... solde air max

Anonymous said...

Hey There. I found your blog using msn. This is a really
well written article. I'll be sure to bookmark it and come back to read more of your useful information. Thanks for the post. I will definitely return.

my web site Louis Vuitton Pas Cher

Anonymous said...

For most recent news you have to visit internet
and on the web I found this site as a finest web page
for hottest updates.

Feel free to visit my homepage ... http://wiki.weft.org

Anonymous said...

At this moment I am going to do my breakfast,
when having my breakfast coming yet again to read more news.


my homepage ... source

Anonymous said...

Hello! Do you know if they make any plugins to help with SEO?
I'm trying to get my blog to rank for some targeted keywords but I'm not seeing very good results.
If you know of any please share. Cheers!

my blog post helpful resources

Anonymous said...

Good day! Would you mind if I share your blog with my myspace group?
There's a lot of folks that I think would really appreciate your content. Please let me know. Many thanks

my website; More Info

Anonymous said...

Hi! I've been following your blog for a while now and finally got the bravery to go ahead and give you a shout out from Austin Tx! Just wanted to tell you keep up the great job!

My web site ... Visit Website

Anonymous said...

It's a pity you don't have a donate button! I'd certainly donate to this excellent blog! I guess for now i'll settle for book-marking and adding your RSS feed to
my Google account. I look forward to new updates and will share this
site with my Facebook group. Chat soon!

Feel free to visit my web-site - Nike Pas Cher

Anonymous said...

Greetings from Idaho! I'm bored to tears at work so I decided to browse your site on my iphone during lunch break. I enjoy the knowledge you provide here and can't wait to
take a look when I get home. I'm shocked at how quick your blog loaded on my phone .. I'm
not even using WIFI, just 3G .. Anyways, wonderful blog!

Feel free to surf to my web page ... Sac A Main Louis Vuitton

Anonymous said...

I am actually glad to glance at this blog posts which contains plenty
of valuable facts, thanks for providing these kinds of statistics.


My web page :: Boutique Air Jordan

Anonymous said...

I used to be able to find good advice from your content.


my web blog; Nike Free Run Sko

Anonymous said...

Thanks for ones marvelous posting! I definitely enjoyed reading it, you
could be a great author. I will ensure that I bookmark your blog and
may come back later in life. I want to encourage yourself to continue your great writing, have a nice weekend!



Stop by my web-site :: New Kobe Bryant Shoes

Anonymous said...

It is perfect time to make a few plans for the longer term and it's time to be happy. I've read this post and
if I could I wish to counsel you some interesting issues or
advice. Perhaps you can write subsequent articles referring to this article.
I want to learn even more things approximately it!

Feel free to visit my site :: Michael Kors

Anonymous said...

Great article, just what I wanted to find.

my weblog - Sac a main Guess

Anonymous said...

smokeless cigarettes, smokeless cigarettes, electronic cigarette brands, electronic cigarette, smokeless cigarettes, smokeless cigarettes