Posts

Showing posts with the label British Economy

The Self-Destruction of Modern Britain

Speechwriters never get the credit they deserve, but they have changed the course of history more than once. The metaphor of an 'iron curtain' or the uncertain promise of a 'tryst with destiny' etched in people's minds a concept that would become permanent by the power of imagery, even if the reality may have suggested otherwise. Fast forward to the society of ours where sound bites and TRP points trump any real experience, the speech writers are enjoying unprecedented powers to change destinies of nations: This comes with a huge responsibility that most are not even aware of.  So, for the future speechwriters, following the case of the person who would have made the Leader of the Conservative Party in Britain, David Cameron, promise to bring down immigration to 'tens of thousands' might be beneficial. Exploiting the resentment about immigration when an open-door policy had resulted in a surge of migration to Britain and the economy had just turned sou...

On Permanent Recession

It has now become a habit: A turn in the stock market, followed by as much excitement as possible on the TV and predictions on the newspapers that finally world economy is turning a corner. This then is followed by the trivial and the ordinary, politicians trying to claim that they are in charge of the future, daily chores submerging the global trends, an odd story of million dollar acquisitions breaking the gloom just a little - and then bad news returns in force, a triple-dip recession, an anaemic job market, another nation tottering on the edge of bankruptcy, a storied company shutting the door. This is followed by more claims from the politicians, that they are in charge of the future and what we need is more of the same, and then another cycle begins. This seems like events, moving forward, but the truth is that we are getting used to our own stories, that we shall get over with this recession with a bit of time, that it is all our past folly and that of governments long vote...