The Hollowing of the UK Economy

The journalists scribble away worrying about interest rates, we must get out of recession quickly, the housing bubble yet beneath the surface the tectonic plates begin to move, the UK as a leading country is finished and will struggle as a middle ranking country.

The power of finance the drug that means the government is unable to take the radical action required, the slave to the city means that the UK is literally giving away its knowledge capital to India. Why as the requirement to drive down costs means too much is being shipped overseas. In some companies now they are losing the ability to run their own systems, without which they cannot function, we are losing the skills to be able to build them in the future, we must drive down costs the slave to the city the short term requirement means we are sentencing our children to increased poverty.

Wipro/TCS names that the average man on the street will not know, they will be running the country soon and unlike wiser heads in France and Germany less a slave to the city, we will be suffering higher costs as they push them up or in many ways they will simply cut out the middleman. The government with its debts unable to operate independently and take the long-term view, the UK becoming a second rate power, and not just losing its knowledge capital giving it away for a few years of lower costs before they jack up the prices.

Does it all matter really? I guess not but crass stupidity and short sightedness is depressing to see, watch and follow. The power of the city, Britain's cash cow, yet now driving the country to give away its knowledge capital, keeping Britain short term, keeping the pound over valued, helping to destroy manufacturing, forcing the UK to give up its greatest companies, making Britain poorer.

Yet we are all to blame the welfare state built over many years, now a huge financial burden we will do anything to maintain and keep it even if it means selling the house, the car and the very organs that keep us and the country running. We are a slave to the city and the welfare state, who would have thought the polar opposites would drive us in the same direction. The welfare state drives us into the arms of finance who hate it and it makes us short term and makes us give everything away.