| Topic: | Re:Re:Re:It's official: back in recession | |
| Posted by: | Claudia Jachtmann | |
| Date/Time: | 25/05/12 15:30:00 |
| 'ii) avoid long term damage to our economy's capacity to generate wealth' i am pretty sure, generating 'wealth' is not what it used to be the 'trickle down effect' is imho a bit out of date when you consider we are in a global economy, with outsourcing, manufacturing, customer services and any other part of the process being done by anyone in the world and the company is HQ'd anywhere where corp tax is amenable (and that sometimes can be a tiny office or even a po box) and then we have tax havens, tax exiles, 'my wife owns this', anybody and their dog incl mayors and senior servants paying themselves via companies rather then paying higher rate tax, tax evasion for humans and for dogs (Rosie, was it ?) and a roaring trade in tax avoidance and you can spend your money anywhere in the world, import almost anything you like from anywhere if you got the spondulics and what about PFI's burdens around our necks and the NHS privatisation bonanza (i heard that 40 of our Lords in the House of Lords have financial interest in the gold rush as NHS is being privatised) and what is a british company these days (apart from the branding ?) 'generate wealth' yes, for the top 1% and the gap of the very very wealthy and the poor and the rest if us is widening and widening sorry for the rant but i think 'generating wealth' and 'trickle down' are very outdated economic or ideological concepts which worked in a fairly closed national/island type system but not in a fully global competitive system which is fully backed by anytime anywhere technology one day, when i have the time, i am goign to so some 'follow-the-money' research and find out where the money goes that our titans of industry make and which the companies are who are actively benefitting this country, and maybe it is not those who have a 'British brand' and for me, that information is going to be one part of (not soley of course)my decision making process of where i spend my money |