Gordon Brown talked a good game at PMQs today, all about how semi-nationalising our banking system was going to force banks to start lending again. This was great for small businesses, he assured us.
One of the great problems with people like Gordon is that they have absolutely no idea about how business works - probably because few of them have ever run one.
To most politicians and office-based civil servants (as opposed to soldiers, cops, firemen, nurses, binmen and all the other public employees who actually do something worthwhile), money is just something that comes out of a never-ending tap. They create nothing of value, bring in no earnings to the country and retire on bulletproof, State-guaranteed pensions, irrespective of their performance.
Blissfully unaware of any link between what you do and what you earn, they don't understand what small business really wants.
Yes, the economy needs business to be able to borrow from banks, but it's not a panacea. Monday Books - a very small business indeed - has never borrowed a penny and has no intention of so doing.
Businesses run on tight fiscal lines - the sort of lines governments just don't seem to understand - would really like the Great Clunking Bore to reverse his recent corporation tax grab. If he made it easier to hire and fire people, that would be another step in the right direction. Paternity and maternity leave, employment rights and minimum wages are all very well, but if they stop people from taking on staff in the first place, because they can't be arsed with all the red tape, what good are they really?
By the way, on the subject of this part nationalisation, and the 'Death of Capitalism', where does Gordon think the tax revenues he's using to prop up the banks come from? It's certainly not our gold reserves, is it?
In other news, Copperfield was on Radio 4's Law In Action yesterday, and Bloggs and Gadget were on the same station's Media Show today.
The latter people had agreed to mention the blogs (they wouldn't mention the books), but then didn't (though there is a click-through from the Media Show's online homepage). This has happened before with the BBC. We used to get annoyed about this, but now we kind of expect it.
Wednesday, 8 October 2008
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6 comments:
I generally agree with your posts, but I can't agree re the minimum wage, which has undoubtedly been a force for good.
I've just listened to Gadget and bloggs on a podcast thing, by the way. As you say, a bit blink and you miss it!
http://www.thedailymash.co.uk/news/business/banks-to-lend-you-your-own-money-200810081308/
Dan - all your problems with McNumpty are over. The great moron has been reshuffled and is now replaced by a man called Vernon Coaker, who is probably not related to the character played by Michael Caine in 'The Italian Job', and despite having a name that would befit a neanderthal night club doorman, I am sure he will turn out to be an enlightened champion of social justice and fair play. Or not.
Regards,
Rupert B.
'Can't be arsed with all the red tape'? The red tape is what protects jobs.
It may protect you once you get hired, Alison, but it makes it less likely that you'll get hired in the first place.
Plus, the protection-once-you're-hired doesn't come from God, or nature. It's an entirely bogus kind of protection which works when your country and economy are on the up (or seem to be) but vanishes like ice on an autumn morning when it collides with reality.
About 3 million people who thought their jobs were safe are about to find out that that's not exactly true, sadly. And if you think that your job is eternally safe, why save for a rainy day, or otherwise protect yourself from a wolf you think will never find his way to your door?
Law In Action had my blog read by Uriah Heap's miserable cousin and got the blog name wrong. Blimey.
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