Economy « Dr Alf's Blog





View image | gettyimages.com

Dr Alf’s 7 point plan is a very useful place to start and should be combined with “sunset ” legislation, which would authorise a constabulary, fire command or local authority for say two years, forcing them to merge and create shared service centres after that.

Kenya, which has been an independent republic for just 60 years, has, under its Transition Authority reduced the number of local authorities from the 230 plus it inherited from us under Colonial rule to just 47 within a country 6 times the size of ours. Policing is done with a single national police force.

Changes on this scale would reduce business operating costs and force the pace of new business creation through shrinking the public sector down to size.

About 1% of SME’s have the ability to scale up and export. These need to be identified and helped to do so by focussing most resources onto them not simply focussing on all SME’s equally. Picking winning SMEs require skill and should not be left to bankers and bureaucrats – it probably needs to use people like myself & Dr Alf have the vision and experience.

John Gelmini

This is an important story reported in the Huffington Post. It’s a RECOMMENDED READ, in my view. Check it out!

via Income Inequality Is Hurting The Economy, 3 Dozen Economists Say.

According to President Obama income inequality is America’s No. 1 issue. However, inequality is increased on his watch.

It’s interest to reflect on increasing income inequality in the UK. Inequality has increased significantly on David Cameron‘s watch. The wealthy have come out of the 2008 financial crash the strongest, with the lower and middle classes still suffering enormous economic and social damage.

Strangely, UK growth is consumer led, on the back of government guarantees for home loans. Also consumer credit is growing strongly again. Meanwhile, the public sector and the business sector has seen capital investment for 2013 plummet. I fear that the UK recovery is still not sufficiently broadly based. BUT more importantly, on the back of austerity UK income inequality will continue to increase.

Any thoughts?