English: A montage of various Singapore images. (Photo credit: Wikipedia)
Dr Alf’s question is really about David Cameron’s electioneering knockabout because whilst the French economy is lack-luster and in need of reform, the UK has long-term structural problems, and a public sector it cannot afford.
Rather than comparing the UK to countries in Europe, David Cameron should look at Singapore, and countries which have successful economies and healthcare systems which we should be emulating.
The answer to Dr Alf’s question is to pose another question, which is, ‘Where would we as individuals wish to invest our money’?
The pragmatic and financially sensible answer is that we would invest in American creativity, ingenuity, boundless optimism and a business climate unconstrained by nonsensical climate change regulations, and other bars to competitiveness.
Europe, other than Germany, is riven by over regulation, uncompetitive practices, and by politicians and a ruling class, which is essentially socialist, and believes in high taxes and featherbedding people.
The Chinese are nothing if they are not pragmatic and financially astute, so until Europe changes its ways, China will invest in America and Germany, plus the City of London, and let the rest of Europe swing in the wind.
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