tag:blogger.com,1999:blog-5524682876220396502.post542162161461129555..comments2024-03-27T06:56:10.255+00:00Comments on Broad Oak Magazine: Awaiting the caningUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5524682876220396502.post-41718323058425749622008-04-06T10:52:00.000+01:002008-04-06T10:52:00.000+01:00I fear you are all correct.James, I assume you mea...I fear you are all correct.<BR/><BR/>James, I assume you mean wages must come down, or alternatively there must be much more capital investment to increase productivity.<BR/><BR/>Is it some terrible flaw in our democratic system of givernment, that we must wish for disaster so that it will overcome the resistance to taking corrective action?Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-19659232948030707522008-04-06T05:45:00.000+01:002008-04-06T05:45:00.000+01:00It is my view that our economy will require a mass...It is my view that our economy will require a massive reallocation of resources. We will have to create much less non-productive (especially mortgage and asset-based) Credit and huge additional quantities of tradable goods. <BR/><BR/>This is not exactly rocket science, Sackers. But more importantly, in my view, is that unit cost of goods must be dragged back to parity with wages, whatever it costs.<BR/><BR/>But the bstds won't do that because it is their raison d'etre.James Highamhttps://www.blogger.com/profile/14525082702330365464noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-17065838494072050832008-04-05T22:02:00.000+01:002008-04-05T22:02:00.000+01:00Things will get worse before they get much worse.Things will get worse before they get much worse.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-59510000043961289912008-04-05T13:24:00.000+01:002008-04-05T13:24:00.000+01:00It sounds quaintly old fashioned, redirecting reso...It sounds quaintly old fashioned, redirecting resources and having a national strategy.<BR/><BR/>The last 30 years, in both the UK and US, our economies seem to have been managed on a day to day basis. The central banks have been reactive, and politicians focused almost exclusively on presentation, perception and the next election.<BR/><BR/>It's hard to see how anything resembling a strategy can come out of this system.<BR/><BR/>We can but hope that a dire crisis will force the powers that be to act more responsibly, but there seems little chance of this before the elections in 2009/10.Anonymousnoreply@blogger.com