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Posts Tagged ‘Global Economy’

I was slightly amused by Chris Huhne giving an opinion on the motives of the “Tory Right Wing” with regard to the EU the other day but more than that, I also read a number of articles on Der Spiegel http://www.spiegel.de/international/ with regard to the current Euro Crisis which gives an interesting insight to some German thinking on the whole thing.

What struck me about these articles and however ‘reasonable in tone’ they are, the authors completely miss any basic understanding of a “British Perspective” which has been shaped over a long period of time and is largely influenced by us being “island races”. By the same token, I don’t suspect that we can easily understand Continental Europe with its contiguous land borders either that have shaped their present day views in both peace and war.

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The Daily Telegraph has become, by and large, a bit of a ‘no go area’ for me, far too many moaning old duffers in the comments section to bother with, I personally suspect that it ought to be renamed, “The Daily Whineograph”. But if ‘politics’ on there is bad, the ‘motoring’ section is even worse…

Land Rover has a ‘concept’ vehicle which could form the basis of a ‘Defender’ (think original Land Rover, mud, farms etc.), replacement at a show in California and a DT journalist got to drive it and take pictures, the reader’s feedback was little short of hilarious and most of it seemed so totally out of touch with reality, I did have to have a pop ! However, what really engaged me was the whole issue of building upon a brand success without becoming tied into a long gone past.

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There was interesting article in The Independent written by Hamish McRae in which he basically said that we should not expect too much from the “Euro Summit” and basically all they can hope to do is buy more time, there are no magic solutions. http://www.independent.co.uk/opinion/commentators/hamish-mcrae/hamish-mcrae-europes-leaders-first-need-to-buy-themselves-time-2375813.html

I tend to agree totally with the view that “Summit Meetings” are of little practical significance as whether on the Euro, EU, SALT Treaties and so on, all the real work and agreements have been done before the public event takes place, which only to give a “blessing” to what has already been agreed. Of course with this Euro Summit, nothing crucial has been agreed yet anyway.

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I have already expressed previously my view that David Cameron and his party managers laying a 3 line whip on this vote was totally foolish and ignoring it would have been far better, I am apparently not alone in this. Mary Ann Sieghart wrote a very good article in the Independent on just the same theme of “Cameron Picks a Fight when he doesn’t need to”, worth a read: http://www.independent.co.uk/opinion/commentators/mary-ann-sieghart/mary-ann-sieghart-cameron-picks-a-fight-when-he-doesnt-need-to-2375093.html

What intrigues me over this most obvious mistake from a normally deft politician is just why he let this happen ? Could it be because he feared speaking the truth at this stage would be counter productive, even dangerous to on-going negotiations ?

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This week it is the turn of the Conservatives to have their annual Party Conference and that is quite an amusing thing to ponder because for them as for the others, LibDems and Labour previously, what can they say ? Even the biggest dimwit in the electorate has likely worked out by now that in a global crisis, the British Government has very little ability to alter the consequences.

There is very little real debate on policy or even alternative directions to go in. Perhaps as a seafaring nation, at heart we all know that when a gale blows, you sail your vessel to survive and ride out the storm, all thoughts of any preferred course and direction, for the moment put to one side.

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There is no way that I consider myself some kind of great intellectual with either superior insight or just plain wisdom, I therefore suspect that what I think is the reality of the current Global Crisis goes way beyond “Greedy Bankers” and that daft political construct the Euro, a hunchback currency in search of its Bosworth Field.

To my mind I suspect that the truth is known and the real problem lies in the political will to spell it out publicly. Forget the size of the Euro Bailout Fund or specifically Greece, there is only one thing that can solve the current problems and it is happening already via inflation, it is called PRICE RISES and surprising as that may seem, it is probably THE ANSWER at several levels !

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I know that both politicians and their symbiotic friends in the media like to project the idea that under the current economic circumstances, “Something can be done…” but the reality is that there is very little that any government can do, there are no magic wands to be waved that will end the situation overnight, it will take time.

However there are real dangers in the current situation and it is only by them being addressed by politicians that they may be averted. The current global crisis could all too easily lead to a wave of protectionist trade measures as nations seek to protect their people and their economies. We all know that such events all too easily can lead to major wars, Cameron and his Government seem to be aware of this as his speech to the Canadian Parliament demonstrated.

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This week sees the publication of Alistair Darling’s memoirs covering the period that he was Chancellor when Gordon Brown became Prime Minister. Along with previously published tomes of the like from those who were intimately involved with the “New Labour” Government, it does not make for good reading.

That Gordon Brown was/is a dysfunctional creature with a far greater opinion of his own abilities than the facts demonstrate is by now a “given” and from that arises perhaps the most interesting question of the lot, the one raised by John Rentoul writing in The Independent on Sunday: “Why wasn’t he stopped ? http://www.independent.co.uk/opinion/commentators/john-rentoul/john-rentoul-why-did-nobody-stop-gordon-brown-2348855.html

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My previous entry touched on my views of the “A” Level results and how inappropriate is our current Higher/Further Education setup which needs to be refocussed on high quality and challenging advanced training rather than dodgy and over priced degrees.

I now want to focus in on two very interconnected groups of people: Consumers and the Businesses that serve them because clearly, the expectations and behaviour of both need a radical overhaul in the light of a totally changed economic landscape. However and before that, a story I have told before about a very wise Chinese Gentleman I once met back in the 1960s.

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There are three stories that I want to connect together or, reflect on in this blog, the Student Riots and Gilmour, The Tottenham Riots and Black People and finally, the Financial Crisis and in my view what ties them altogether is combination of things, a totally unrealistic collection of mindsets, expectations or lack of and the here and now.

If you believe that ideas can change this World, now more than ever newer and better ideas are needed is my view. In one sense and although they are certainly of very different scales, what strikes me strongest about all them is the pettiness and foolishness that encompasses all three, there are no grand themes to be seen in any of them.

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