
LONDON, ENGLAND – OCTOBER 14: John Redwood (R) arrives in Downing Street to attend a party to celebrate the 85th birthday of Baroness Thatcher on October 14, 2010 in London, England. Due to illness, Margaret Thatcher was unable to attend a party in Number 10 Downing Street to mark her 85th birthday on October 13, 1925. (Image credit: Getty Images via @daylife)
INTRODUCTION
Yesterday, I re-blogged an excellent article from John Redwood MP entitled Improving public service. I posted two comments to John Redwood‘s original blog which I reproduced in my blog and developed the theme. John Gemini responded to yesterday’s blog, endorsing my argument and presenting an urgent call to action. This call to action is reproduced below:
————————————————————————————————————————————WHAT TO DO NOW?
The situation is so dire that before we can sell our way out of trouble we need to engage in a Keynesian stimulus and build essential roads, high-speed trains a second hub airport and a transport infrastructure worthy of a modern country rather than Bilbo Baggins’s “Shire”.
Had Cameron, the holidaymaker, started measures to export our way out of trouble from day 1 and started reforming faster this might not have been necessary, but he has left it too late.
The remaining measures have to include:
–A massive and sustained expansion of our exporting capability
–Pimsleur style language training
–Export sales training in Mandarin, Portuguese, Spanish, Korean, German, Urdhu, Vietnamese, Arabic, Swahili and French
–A competitive tax structure
–Enterprise Education for our young people
OPM (OTHER PEOPLE’S MONEY)
To pay for some of these things in the short-term we will also need OPM (Other People’s Money)
That means schmoozing Sovereign Wealth Funds in the Middle East, Temasek in Singapore and the Chinese.
Sadly David Cameron opens his mouth first and thinks afterwards.He has insulted the Chinese on a number of occasions publicly including twice in speeches in their own country so he is the wrong person to do the asking.
Theresa May with her hair brained remarks about Chinese visas and increased organised crime has also insulted them.
Both of these lazy and ineffectual people should be removed and replaced by someone else.
Then with suitable contrition we can devise infrastructure instruments with an attractive rate of return and send competent and respected people to the Sovereign Wealth Funds to get the money to build the infrastructure we need.
WHAT HAPPENS IF WE DON’T?
We will condemn a generation, possibly two, of young people to the scrap-heap, despair, drugs and criminality and we will risk more riots and the Bosnian style breakup of the UK into wealthy enclaves guarded by private armies and others where marauding outlaws will roam.At best, we will become a 3rd world country in very short order and most of our unemployed single 40 year olds will go to an early grave as happened in the 1980′s.
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