ZanuPFNulabour had to go,but they may well have been the best option at our last election. Scary, but this is my economic guess. The Japs have been through the kind of economic mess we have now, and the best guess there is they made things worse for themselves by cutting public deficits and that kind of jive too soon. Cameroon (for it is his intent to reduce us to similar penury) and his cronies are relying on a private sector many economists believe stopped working a couple of decades back, if it ever did as the myth has it. Thatcher delivered us into the toilet and then war and class war of industrial decline in favour of bank smurfing. This may be his plan.
Whatever the truth, it looks as though CoDem now only appeals to a few anti-redtape diehards and that core of many of us hoping for action on immigration, overpaid, ineffective managers and for the spin to stop. US unemployment ias twice the prediction and the media haven’t worked out how to report ours yet. Cops cheer the removal of this or that ZPFL lunacy, but will soon be cheering themselves by strike braziers, if they have the guts. Anyone able to report a plan to change anywhere, rather than the standard budget preparations for cuts? ConDem look like very old history to me. The economics is well right of Adam Smith and I doubt he’d approve.
Smith’s first book, “The Theory of Moral Sentiments”, argued that society taught man to be good. This tuition started from man’s capacity for “sympathy”: his ability to feel what another man feels. It continued with his capacity for sympathy squared: his ability to sense what other men feel about him, putting himself in the shoes of other men putting themselves in his shoes (Rawls bored on this 50 years ago). The moral education was complete when a person chose the perfect shoes in which to put himself: those of an “impartial Spectator”, who “considers our conduct with the same indifference with which we regard that of other people”.
Smith’s greatest work, “The Wealth of Nations”, was a “very violent attack” on Britain’s commercial policies, which misdirected the nation’s energies, weakened its colonies and plunged it into deep rivalries with its neighbours, all in the mistaken belief that a nation’s wealth lay in the gold and silver it hoarded. We still have trouble thinking of the economy as a system of interacting parts, to be judged by the necessities and conveniences it produces, not the bullion it amasses (today GDP tables). Back then, merchants, artisans and manufacturers added nothing to labour and capital they diverted from the land. For Smith, who had lived in a Glasgow transformed by trade and industry, this was implausible. The wealth of nations lay not in land, but in labour, deployed to its best advantage and divided as finely as demand would allow.
Simples! Where’s this lot’s plan on this – or are they looking for a meerkat to ask? A few factories would help.