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Posted by James Bruce REID on July 28, 19100 at 21:15:21:
To Whom It May Concern -- Economics
As they say in USA "I will table a motion . Let's kick it around for a while and see what we throw up" . Does anybody agree with yours truly that Marx forgot a glaringly obvious point in his essment , not so much of the role of capitalism in any economy , but in the steps necessary to mitigate it's effects . I refer to the fact that we are all capitalists in that we sell what we have to survive and/or prosper . This means that if the standard of living rises then the "glorious revolution of the proletariat" wil never happen , since they will have no reason to mess up a "good thing" while the money is rolling in . This in turn implies that the only people who are likely to revolt are those at the bottom of an unstable and ill divided economic pile and in an atmosphere of recessiion . This may not be a real recession but need only be perceived as such . In view of the fact that Europe has entered a long term downturn in it's economic fortunes and that industry is moving eastwards towards the end
of the major land m , what is the opinion "of the panel" on the likelihood of civil unrest , revolution and a generally uncomfortable time for all if the present trend is not reversed . Into this equation must come the population consideration , in that a lesser GNP can sustain a lesser population to the same level of standard of living -- this applies equally well to the Sphere where they will require to run very fast to stay still if Mr. and Mrs. cannot keep their trousers on . It may also be a factor , due to the influence of the EEC and other major organisations , to keep in mind that it used to be foreign earnings that paid the bills and built the Welfare state in this country ( albeit that some of the earnings were not totally fairly obtained , with a captive market as it were) however although the unit of bouyancy of the economy is now much larger , in that we sink or swim with Mr. and Mrs. Deutscher , Francais and Italiano etc. , is it not still the case that we should have some sort of
industial base to enable us to compete against the emerging Far eastern economies . This may seem a facile question but do you think , ladies and gentlemen , that IT is going to come to our rescue because Bill Gates managed to make a fortune out of IT ? I doubt IT , ladies and gentlemen , I seriously do . The point is that to be able to make a living selling IT you have to have somebody who wants to buy IT . The opportunities for selling across the pond are extremely limited once the tax breaks for investment are "worked out" (in common with Bob Dylan's No. 11 - "cos (they say) your ore ain't worth diggin'" -- As the song continues "it's much cheaper down in the South American town where the miners work almost for nothin'") . However , I digress , the point at issue being that only developed countries can buy IT and they are the ones who are selling IT . Hence Comrades "I would bid thee gird up thy loins against a hard rain which is likely to fall in the very near future if the weather forecast of history is anything to go buy -- those having any sense and talent emigrating to the colonies where they have yet unexploited resources and no Germain Greer -- why did they let that woman in ? -- I note that the Aussies had the excellent good sense from their point of view of letting her get out and presumably with a glowing reference .
I trust that the above noted few minor points of interest will enable anyone with a few decades on his/her hands to while away the time in silent contemplation of the future if we indeed have one before we all go to meet "the great governor in the sky" , when he ( sorry pardon Ms. Greer - s/he) will no doubt take an eternity to illustrate where we went wrong .
Yours Diplomatically ( this time )
A Concerned Citizen