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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My thoughts on “Place drunk people in ‘drunk tanks’ say police chiefs” ex Guardian – John Gelmini

I thank Dr Alf for reblogging the article entitled Place drunk people in ‘drunk tanks’, say police chiefs, published by The Guardian. Here are my own views.

The problem is not so much the excessive drinking by young revelers, hedonists and “nightclubbers”, as their boring and uneventful lives, which lead them to engage in this sort of behavior in the first place.

With the Masters of the Universe, in the City, it is a case of too much money in bonuses and “lunching ” rather too well which then sees the annual pre-Christmas spectacle of silk suited bankers and traders throwing up in the street and St John’s Ambulance Service maintaining medical tents all over the Square Mile to tend to these inebriated people.

The tradition of drinking on an empty stomach, “larging it up”,” getting ratted”, going on “pub runs” is a very old one which we still suffer from today.

When our production of artillery shells fell below the number needed to deal with the Kaiser’s forces on the Western Front in 1916, Prime Minister, Lloyd George, had to introduce the licencing laws because munitions workers were so drunk they unable to complete their shifts.

These licencing laws are still with us today, some 97 years later.

The tradition of drunken behavior is carried on by the rich and famous who are regularly photographed staggering out of the Mahiki nightclub having downed Jereboams of champagne costlier than gold, by reporters and politicians who should know better in places like El Vino and by the lower orders in socio-economic groups C1, C2, D and E, courtesy of Witherspoon pubs and the major supermarkets.

I tend to agree with both Dr Alf and the Chief Constable of Northamptonshire but I think additional measures are needed.

These would include:

1) Higher pricing of alchohol particularly in supermarkets

2) Footballers and celebrities behaving themselves better to provide a better example or doing what they do in private

3) A tougher approach from employers and private medical insurers to people who drink excessively

4) The NHS to refuse to treat people who deliberately drink themselves into oblivion until such time as their behaviour has changed

5) Teaching people from young school age enabling philosophies like Stoicism and the application of NLP so that they can better manage how they feel so as to not need alchohol or drugs in the first place.

6) Higher vitamin D content in all foods and less sugar, salt and e-numbers which lead to hyperactivity,mood swings and depression which affects 40% of the UK population which in turn leads to more drinking

John Gelmini

 

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