Sunday, 21 August 2011

Why the UK economy is failing

The markets are in turmoil apparently and the guys in the suits on the news are talking about a double dip recession so the only conclusion that we can reach is that whatever the Worlds politicians have been doing for the past 3 years, it hasn't worked.
Jobs have been slashed and services removed all for nothing. Nice one guys.
The man responsible in the UK for running the economy is George Osbourne, a proud owner of a degree in Modern History from Oxford University. Great if you want to know about the Age of Enlightenment but not so good if you are in charge of a tanking economy.
After leaving University, Boy George had a job entering the names of people who had died into a National Health Service computer and then worked for Selfridges, re-folding towels before taking up a job at Conservative Central Office.
So there we have the man who we entrusted to guide us out of the choppy waters, a History graduate with NVQ Level 1 IT skills and can fold a towel but no qualifications or experience in economics.
If i took my tax return to an accountant and he told me he didn't actually have any knowledge or experience of accounting but he would give it a go anyway, I wouldn't even open the door I would be out of there so quick so why are we willing to leave such huge decisions that affect the whole nation to such a man?
Why not appoint someone like the Liberal Democrats Vince Cable who has a PhD in Economics hanging on his wall and lectured at the University of Glasgow and the London School of Economics.
If i had to ask one of these to look through my accounts and another to fold my towels, i know which one i would be handing my receipts to and who would be directed to the airing cupboard.
It would be interesting to see how many of the people making the decisive decisions around the World have qualifications or even previous experience in Economics.


Anonymous said...

you lefties always fall back on "educational eliteism" and "altruistic myth"...

just because someone has a degree doesn't mean they can do shit.

just because someone knows something doesn't mean they can do shit with it.

how about giving control to someone that has a successful small business (say a company with 20 to 50 employees that has been profitable for at least 10 years)?


Falling on a bruise said...

So you would choose the guy with the history qualification and no experience over the one with the economics qualification to run the economy? Where were you when i was going for interviews?

Anonymous said...

i would pick a person that has successfully applied economics over a talking head that takes a salary from univesity.


ps - I was in Texas the whole time...

Anonymous said...

At Q - And who is this person in the present government line-up that has "successfully applied economics"? And to what exactly has this person or people applied this economics?
If it's to getting away with expense fiddling then that doesn't count.
If it's hiding their inheritance from the taxman, that doesn't count.


Falling on a bruise said...

Texas would have been a bit far to come home for lunch q.

Very true L, the politicians have no problem when it came to their own economics, just having problems with everybody elses.