Opinion: UK banks and the productivity puzzle: it may not just be about limited lending via Simon Wren-Lewis -John Gelmini

Alf Tupper

Alf Tupper (Photo credit: foistclub)


Sadly I do not think Dr Alf’s wish will come true because the European Commission is told what to do by the people who control the banks, just as UK Government‘s are and have been since the early 1800s.


Outlawing bonuses will do nothing because the Masters of the Universe will just demand bigger salaries.
The solution is Crowd-sourcing, Peer to Peer lending, and the banks being replaced by technology companies creating different means of exchange.


John Gelmini




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Opinion: International trade and balance of payments statistics via OECD – John Gelmini

English: David Cameron is a British politician...

English: David Cameron is a British politician, Leader of the Conservative Party (Photo credit: Wikipedia)


Dr Alf is right, world trade is strengthening but the problem is that Europe is not getting its fair share of it, and the UK is still dogged by lack-luster growth insufficient in percentage terms to make any real difference to unemployment.


We (in the UK) still have a trade deficit and have not been in surplus since 1982.


We are not exporting enough and not making and selling enough of the things that people want to be able to pay our way.


David Cameron‘s trip to China is too little, too late and with his insistence on talking about human rights publicly, he will be in danger of ruining the benefits that could flow from this long overdue trip.


A free trade agreement with China will be to their advantage not ours, so once again David Cameron is pressing for the wrong outcome and sabotaging our interests.


John Gelmini




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