A bit of economic panic and ...

[DodgyAgent]

And here was I thinking that it was the workers who created the wealth.

They are but a small cog in a large wheel.

Here you are Alf, Janet & John guide to how businesses are created

Entrepreneur gets idea.

Entrepreneur puts business plan together

Entrepreneur raises finance

Entrepreneur finds customer

Entrepreneur builds factory

Entrepreneur employs workers to build goods.

Entrepreneur employs salesmen to sustain and increase business

Entrepreneur makes money and invests in IT

Entrepreneur goes bust because of expense and uselessness of IT

As you can see the workers are very low down the pecking order when it comes to "creating" wealth. Granted they fulfil a more important role than the IT people, but really workers are ten a penny.

[sasguru]

They are but a small cog in a large wheel.

Here you are Alf, Janet & John guide to how businesses are created

Entrepreneur gets idea.

Entrepreneur puts business plan together

Entrepreneur raises finance

Entrepreneur finds customer

Entrepreneur builds factory in China

Entrepreneur employs Chinese workers to build goods.

Entrepreneur employs salesmen to sustain and increase business

Entrepreneur makes money and invests in IT

In the Long run Entrepreneur goes bust because unemployed chavs in his home market don't have jobs (because all the jobs are in China) and can't buy his product [/B]

.

Note the big flaw in globalisation as shown above.

[DodgyAgent]

Note the big flaw in globalisation as shown above.

Just a technicality , the objective of having a dig at you guys was still achieved

[Board Game Geek]

Entrepreneur gets idea.

Entrepreneur puts business plan together

Entrepreneur fails to raise finance, however if he did

Entrepreneur finds customer

Entrepreneur builds factory

Entrepreneur employs English workers to build goods.

Entrepreneur swamped by taxes and red tape

Entrepreneur closes business and goes on the dole

[sasguru]

Just a technicality , the objective of having a dig at you guys was still achieved

I know

But fan of capitalism and globalisation as I am, it can still only work in the long run if everyone in the West reduces their standard of living drastically.
The economic problems in the US and UK and Europe are due to most people in those countries paying themselves much more than they are worth and living beyond their means.
The markets are forcing that correction now, I fear.

[DodgyAgent]

I know

But fan of capitalism and globalisation as I am, it can still only work in the long run if everyone in the West reduces their standard of living drastically.
The economic problems in the US and UK and Europe are due to most people in those countries paying themselves much more than they are worth and living beyond their means.
The markets are forcing that correction now, I fear.

Which is why markets are to be trusted more than governments.

[sasguru]

Which is why markets are to be trusted more than governments.

Yes and the markets are saying globalisation is bad for the West.