Opinion – George Osborne’s gone, thank God. So why’s Mark Carney still around? | Coffee House – The Spectator

English: George Osborne MP, pictured speaking ...

English: George Osborne MP, pictured speaking on the launch of the Conservative Party manifesto for the 2009 European Parliament elections, at Keele University. (805×1207 px, 283,711 bytes) (Photo credit: Wikipedia)

English: East entrance of HM Treasury Français...

English: East entrance of HM Treasury Français : Entrée Est de HM Treasury (Photo credit: Wikipedia)

I agree with this outstanding Spectator article about George Osborne but see Mark Carney as one of the World’s top central bankers.

Source: George Osborne’s gone, thank God. So why’s Mark Carney still around? | Coffee House

Let’s face it, Osborne was always privileged and doors open for him despite little work and life experience outside politics. Osborne was not trained in economics and ran the UK Treasury with smoke and mirrors, favoring his political whims of the moment. Despite all of this, Osborne is a talented politician and might still return to lead the Conservative Party.

By comparison, Mark Carney is one of best central bankers in the world these days. Prior to the Bank of England, he was Canada’s top banker and before that a successful career in investment banking with Goldman Sachs.

Personally, I think that Mark Carney was right to cite the BoE‘s expert viewpoint on Brexit. In an age of post-truth politics, inflamed by journalists, editors and newspaper owners looking at self-interest, it is vitally important to have experienced and decisive leaders like Mark Carney.

When finance ministers are slow to turn to fiscal expansion, it’s vital that the central bank is led by a safe pair of hands.

Views?

Opinion – Which countries have the best literacy and numeracy rates? | World Economic Forum

English: The logo of the Organisation for Econ...

English: The logo of the Organisation for Economic Co-operation and Development (OECD). (Photo credit: Wikipedia)

English: Official logo of the World Economic F...

English: Official logo of the World Economic Forum. (Photo credit: Wikipedia)

English: Flag of the United Nations Educationa...

English: Flag of the United Nations Educational, Scientific and Cultural Organization (UNESCO) Español: Bandera de la UNESCO Français : Drapeau de l’UNESCO Deutsch: Flagge der Organisation der Vereinten Nationen für Bildung, Wissenschaft, Kultur und Kommunikation (UNESCO) (Photo credit: Wikipedia)

 

It’s disgraceful that the UK is bottom of the OECD list for literacy and second from bottom for numeracy, where the US is the worst. The WEF reports the OECD countries with the best and worst literacy and numeracy rates.

Source: Which countries have the best literacy and numeracy rates? | World Economic Forum

Of course, these statistics understate just how bad the quality of education is the UK and the US. Both countries have outstanding private education standards, so the true quality of public education is shambolic.

Who is responsible? Politicians? Teachers? Unions? Parents? Immigrants? Junk food? Too much technology? Perhaps, the statistics are not trusted?

Also consider the wider trends of technology and globalization on jobs  – definitely fewer jobs in the future. It’s not surprising that employers want better educated immigrants, who are probably more motivated and less likely to be obese. So poor education is a double whammy – compared to international benchmarks, it provides poor value for money now and secondly destroys opportunity to compete for work in the future, compared to global competition.

Older UK voters who voted for Brexit will possibly blame the statistics or favor a Little England solution, wanting to raise the drawbridge and keep better skilled immigrants out. If their children are teachers, they will protect claiming how hard their children work. In the private sectors results prevail and effort is part of the input.

Personally, I blame the politicians, the teachers and the unions. The political classes have increased bureaucracy, protected teachers, and ignored international education benchmarks. Both in the UK and the US, teachers are an important pressure group on left-wing politics, with very powerful unions. For me, it’s time for radical change in education. Teachers’ remuneration must reflect their appalling ineffectiveness, compared to international benchmarks – they should be paid by results. Also it’s time to outsource education to the private sector. Finally, let’s face the evidence of the increasing power of the far-left, for whom the results justify the means – they are responsible for falling education standards. I struggle to see how Jeremy Corbyn’s leadership of the Labour Party will improve UK education quality.

Let me ask two open question:

  1. So how should Theresa May’s government improve the UK’s education standards, compared to international benchmarks?
  2. A Clinton presidency will fail to challenge US teachers and their unions to improve US education standards?

Thoughts?