BBC Money Programme -- Made in Britain Ep2

tradespreads

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The series is presented by Evan Davis.

On this occasion the production of the episode have totally lost the handle on a number of issues. The presenter comes across as unsure and also somewhat condescending .

Theses are my reservations on the show's take on Britain on the world economic stage.

1. Working Harder/Smarter

The question of working harder or smarter is a rather moot point. The greater question is how effective can the country be irrespective of working harder, smarter or a combination of both. What do we mean by working harder, is it manual labour? And what exactly is wrong with manual labour or is it below British society?

We have to realise in the real world there is no escaping the fact that all measure of output is really in terms of real world commodities which can ultimately be rooted down to hard Money in exchange for price. Something given in exchange for something else. Not something for nothing, nor Money for Nothing.
Just because some economies have resorted to QE means absolutely very little in real terms. By resorting to such measures such economies have only increased their inflation thereby devaluing the standard of their economy. History further tells us that this is an irreversible process. The result of which is an irreparable loss.
Like it or not there is a certain "Law of Monetary Conservation" which all economies are bound by. Lest we forget, Money is a finite resource and resources have to be priced in some accordance.
Financial Trading is another example which perpetuates the myth of getting rich quick. In this case, following Monetary Conservation, money is simply trading places from those giving to those taking and vice-versa. In essence there is nothing actually being made.

2. Playing Catch-Up

It is inappropriate to say other nations are having to play "Catch-Up" with the advanced economies of today. The game is all entirely relative. Different nations have had different circumstances and priorities. The historical lineage of many nations cannot even be compared to the West.
Further why should the current "Western Model" be something that other economies need to aspire to or catch-up to? Recent events of Booms and Busts only highlight the flawed nature inherent with "The-Model".

3. Job Functions for the IP Elite and Not-so-Elite (Jobs for All)

A suggestion such as this only highlights, and promotes, segregation of the workforce and the economy. Surely it is not feasible for the entire populous to work in one area/sector/field of the economy as there are only so many jobs to be filled. However what is severely required is much better distribution of the workforce across all sectors of the economy. It is no good having "Bankers" with their bonuses in one sector, yet public sector workers doing vital work on minimum wage. Yet the taxpayer is further used to offset the slant in the economy.


As a global civilisation we have to come to terms and properly address the priorities of sustaining ourselves with a decent and fair standard of living for all individuals in the present day and over the long term. We should not get en-groveled with making a quick buck in short term at the cost of forsaking all else. Goods being Made in Britian, or China should fetch a standard price determined by the resources invested into them. The competitive drive will always be there to improve on what we have today irrespective of the commodity or where goods are made. Different nations around the world will each have their own competitive edge and angle on things, as naturally determined by their heritage. There is much to be done but in a much different way.
 
Regarding working harder/smarter, the UK is running at a loss. No matter how hard or smart some people work, it is irrelevant if you're not also addressing the costs of benefits, inflated public sector etc.

We have a very strange system, in that people are not sufficiently encouraged to work. If you have a choice of doing nothing and getting £X benefits, assistance from the government with your rent, bills, other benefits in health etc, or you have the choice of working a 40 hour week, earning £2X, but now not receiving money for rent, having to pay council tax, other costs etc, so that your gain from working is minimal, it is not enough encouragement.

I know of some people, who could work, and would like to, but for example the benefit of changing from unemployed/retired to working, would only be as little as £20 per week better off (or less).

People are not entirely stupid. Very few would consider it worth working for that minor increase. Until situations like this are rectified, it's pointless talking about how to work harder/smarter, because whatever the workers produce us wasted in one way or another.
 
The whole system is wrong. People should get a real job if they don't have anything better to do. But not at the cost of the system, even if it's a matter of £20. They play the system as if it were a business.
Actually people are stupid and are often taken for granted by the Elite. The people elected into government is only one example. The politicians are only experts at Politics.
 
The whole system is wrong. People should get a real job if they don't have anything better to do


Pah ! There was me hoping this was going to be a prelude to a protracted intelligent discussion:whistling
 
The whole system is wrong. People should get a real job if they don't have anything better to do


Pah ! There was me hoping this was going to be a prelude to a protracted intelligent discussion:whistling

Some discussion, sitting on the sidelines, voicing an opinion without any reasoning, on a dissection of words.

(n)
 
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