Sunday, September 7, 2008

More economic woes - inflation and strike action

Who is to blame for inflation???

Inflation is also an illness of debt and over spending and consumption. Can always blame the chinese for consuming now, can blame the arabs and russians for exploiting their resources but the real blame still lies with people who can not resist to consume above their means and demanding that their governments do the same. Any country with debts and a poor balance of payments will have inflation since the currency will devalue and it costs more and more for imported goods. Who is responsible for borrowing more and more and spending more than they can earn? Then expecting the government to help them out? The ignorant masses of people who spend like there was no tomorrow!!! Who pays the bill? The same people all the time....those that have saved and pay taxes and work their butt off only to see the socially needy and their government waste it. Then who goes on strike...the public service workers who are all paid by taxpayers !!! No wonder taxpayers just up and leave the country! Vicious circle and spiral downwards?? There is a lot to start thinking that one man one vote is an out of date system that just puts the power into the hands of ignorant people who can not understand what a budget is and who can not control consumption. Least of all those that think that the government is there just to give hand outs and not to plan an economical environment that makes and generates real wealth and expertise in a competitive world. 60% of the wealth in the UK is in totally non productive property inflated by politics of rarity and assumed by the ignorant to be a valuable asset. It is indispensible to have somewhere to live and thats what it is worth. No more no less. Better push some of the asset values back into making things and being competitive ! Where is real management of a country ..... ?? Surely it is the worst kind of conflict of interest when the voters (shareholders) put in a government that just pays out and collects taxes with no idea on what to do about making a country pay for what it wants!

No comments: