Historical evidence of London moving into bubble & dragging rest of UK with it

CLAPTON

padington wrote: »

When did I say I didn't ? You've had too many whiskeys. I don't care how it happens really as long as more money is invested more towards innovation and less towards trading existing houses.

The tax payer pays for loads of things with terrible outcome chances. Probation workers, fat policemen, welfare state, gold plated pensions for pen pushers, overseas wars and boob jobs on the NHS.

Supporting small businesses to create more interesting and better paid jobs instead of the rest of the junk that's bought in the name of the tax payer is a no brainer.

I would like the banks to made to do there bit too though, naturally.

why do you think that civil servants will be good at recognising young companies that will produce 'interesting' and better paid jobs ?

personally I think it's worth a try but I don't really expect them to find the next microsoft or apple or even make a profit.

padington

Generali wrote: »

What about the banks' fiduciary duty to their shareholders?

That duty is to make a profit within the confines of the law. So for example paying tax correctly comes before the fiduciary duty, all I'm suggesting is another minimum compulsory obligation for the good of the national interest.

padington

CLAPTON wrote: »

why do you think that civil servants will be good at recognising young companies that will produce 'interesting' and better paid jobs ?

personally I think it's worth a try but I don't really expect them to find the next microsoft or apple or even make a profit.

I'm sure there are a number of innovative ways this could be done. Ideas could be democratically selected through the wisdom or crowds. The industry leaders themselves could be encouraged to sit around a new round table. New subsidised tooling and manufacturing fairs could make creating a product easier. Companies formed like X factor pop bands could be manufactured to challenge market leading products.

Loads of possibilities, have some vision.

wotsthat

padington wrote: »

I'm sure there are a number of innovative ways this could be done. Ideas could be democratically selected through the wisdom or crowds. The industry leaders themselves could be encouraged to sit around a new round table. New subsidised tooling and manufacturing fairs could make creating a product easier. Companies formed like X factor pop bands could be manufactured to challenge market leading products.

Loads of possibilities, have some vision.

Are there many examples of world beating companies created by committees?

mobfant

padington wrote: »

I'm sure there are a number of innovative ways this could be done. Ideas could be democratically selected through the wisdom or crowds. The industry leaders themselves could be encouraged to sit around a new round table. New subsidised tooling and manufacturing fairs could make creating a product easier. Companies formed like X factor pop bands could be manufactured to challenge market leading products.

Loads of possibilities, have some vision.

Sounds a bit like communism. That didn't work out so well. There may be ways that government can change rules and regulations in the market to encourage entrepreneurship (aptly, one they could help would be to build more houses to help reduce the price of property). But government and civil servants aren't the way forward to pick winners.