Fred Thompson on the economy
CynicusEconomicus: 2009 - The Year of the Fall of the West
CynicusEconomicus: 2009 - The Year of the Fall of the West
It is a very big question. I am not really sure that I know the answer. I am not sure how bad things may yet become. Many months ago, a commentator on a post asked whether I thought that there would be food shortages in the UK in the future. I suggested that this would not be the case, and still think that it will not become that severe. However, I do think that the UK is heading towards that kind of severity, though will never reach that point. There are still enough companies in the UK that can create genuine wealth, that are competitive in the world, but they are too few in comparison to the needs of the country. This has been evident for many years in the ongoing balance of trade deficits.
My comment:
Great post. Just one thing caught my attention:
You said “I do think that the UK is heading towards that kind of severity… (food shortages) though will never reach that point. There are still enough companies in the UK that can create genuine wealth, that are competitive in the world”
You believe we won’t see food shortages. I do.
The companies that are still competitive in the UK will flight as the situation deteriorates. No point in staying in a country with shrinking individual purchasing power, rising unemployment -so less people can buy your services- and a currency and hard assets -property, machinery- depreciating by the minute.
The capital will rapidly get out of here as things get tougher. This is already happening as yo u know.
Politicians will let the capital leave because they’ll be either pressured into doing so, or simply because wealthy politicians themselves will benefit of not impeding this massive and rapid capital flight.
There will also be “noise” by populist politicians and the masses on “spreading the wealth” more evenly, increasing taxes to the wealthy. This will only accelerate the capital flight process. End result: an economy that does not produce anything competitively exportable, where people can’t find jobs and small amounts of money change hands very slowly. If we add to this the fact that most western societies are not geared to producing their own food, why can you not see food shortages in the future?
Who would have thought? Befriending your boss not so bad after all
Good example of lateral thinking. They have a point!
Facebook might help you keep your job | The Meaning of Web
The more your boss can empathize with the ramifications of letting you go over someone else, the more likely it will not be you getting the pink slip. And the easiest way to increase the empathy your boss has for you is to connect personally with your boss on as many points as possible. The more points of connectedness, the more fully you can put your boss in your shoes.For example, if your boss knows you have three kids, aged 5, 8 and 10, that your wife’s name is Suzanne and you like to fish when you’re not working your butt off for the company, he or she will more likely connect and empathize with your situation over someone who might work just as hard but know very little about.
Romantic comedies, not such an innocent treat after all
BBC NEWS | Scotland | Edinburgh, East and Fife | Rom-coms ’spoil your love life’
Watching romantic comedies can spoil your love life, a study by a university in Edinburgh has claimed.
Recapturing the Soul of Medicine
“The voyage of discovery lies not in seeking new vistas, but in having new eyes.”
What I’ve Learned: Mark Cuban
Mark Cuban Interview - Quotes from Mavericks Owner Mark Cuban - Esquire
The guy who has a $50 million golden parachute is thinking, How can I get them to fire me? That fucks up a lot of things when it comes to business.The number-one job of the hedge-fund manager is not to make sure that you can retire with a smile on your face — it’s for him to retire with a smile on his face.
External things will not bring you internal happiness
“Unhappy people want what they want in order to make them happy. Happy people just want what they want.”
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About Javier Marti
As an Independent Strategy Consultant, speaker and founder of HypnoticSales.co.uk and SunshineHypnosis.co.uk, Javier is dedicated to help organizations, small businesses and individuals to optimize systems, increase profits and make better choices in business and in life. He is the author of the book "Mobile, Domains & The Future"
Javier also shares his knowledge and experience through information-packed and entertaining presentations in English and Spanish.
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