I have been doing a lot of thinking recently and have come to conclusion that all these bailouts etc. are merely postponing the inevitable. To really and truly compete again we need national regeneration.
In order to do this we must stop subsidising failing and weak banks and companies and let them go to the wall. The banks will only do it again if they get bailed out.
So rather than piling billions into them, let them all fail. Use the money to pay for the unemployment benefits for the people who will be made unemployed. So the CEO will get the same as the cleaner.
Next, put into place an attractive tax regime for business and inward investment - low taxes, low regulation etc.
A little suffering will be good for the national soul after years of softness - after all where's the Blitz spirit?
In order to do this we must stop subsidising failing and weak banks and companies and let them go to the wall. The banks will only do it again if they get bailed out.
So rather than piling billions into them, let them all fail. Use the money to pay for the unemployment benefits for the people who will be made unemployed. So the CEO will get the same as the cleaner.
Next, put into place an attractive tax regime for business and inward investment - low taxes, low regulation etc.
A little suffering will be good for the national soul after years of softness - after all where's the Blitz spirit?
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