‘Social contracts‘ proposed in this article are for the birds. In a fashionable term, it’s ‘highly nebulous’! A Far-Left Labour will try to re-nationalize public utilities, financial constraints permitting. A Conservative government needs to look to populism for the way forward. Across Europe people are distrustful of elites and experts. ‘Ordinary people’ know about UK former nationalized industries, their costs and their service/quality levels. I totally disagree with this op-ed Guardian article by Ofwat’s, Rachel Fletcher. A Conservative Government needs a radical change agenda for public services – the best place to start is to fire the regular and start again with ‘zero based design’. For another industry, consider British Air Transport, with their Third World quality/service levels, but lots of status quo cost-plus facilities – fundamentally wrong in oligopolies. Thoughts?
In this video clip, the editor of one of China’s largest and most outspoken newspapers highlights how China will win Trump’s trade war. As a passionate supporter of globalism and open markets, I’m alarmed that Trump’s interventions will reduce global trade (according to IMF forecasts). Trump needs to address US industrial investment, national skills and productivity. Under Trump, US corporations are more incentivized to return money to shareholders than fund new facilities in the US. The economic cost of reversing the decline of US manufacturing would be enormous. To increase US competitiveness, policymakers must address the economic consequences of obesity and addiction – both alcohol and drugs. Views?