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How to turn a recession into a depression, pt II

Unheeded by most, Tony Woodley of the T&G Unite is still crying in the wilderness, and what a plan he has got:

"Our priority must be using that public money to save jobs and skills, not to fund redundancy".

By public money, he means money extorted from the productive parts of the economy, I think.

"We desperately need to see creative, strategic action to save jobs, such as job sharing and reduced hours in industries where demand has plummeted because of the crisis, with pay losses made up by the state".

That will be cheap, won't it?

"First of all, I want to see a properly-funded strategic plan for manufacturing, of the sort that is operating in France, Spain and Germany. This must be backed by a readiness to take control in sectors vital for the future of a high-skill high-tech industrial base"

Sounds like a scary combination of the 'commanding heights' and 'the white hot heat of the technological revolution', as 'orrible 'Arold had it. At least some of the people who gave us Concorde, British Leyland and pubs in Carlisle had some experience of commerce. I hate to think what great business operating decisions a selection of ex policy wonks and lawyers would come up with.

"We therefore urgently need targeted assistance for manufacturing".

Bring out your lame ducks. Intriguing that manufacturing is considered worthy of being hosed down with money, whereas other areas of work are not. Maybe they lack the dignity of labour...

"It should redirect money from the useless bankers and instead set up a national, state-owned people's bank - one that puts people, communities and our economy before profits for shareholders".

Just wait till The Man has instant access to your bank records as well as other private data. Scared? You should be. Doubtless the Apparat will make many excellent lending decisions based on moral character rather than creditworthiness. At the risk of jumping on a pseudo meme, 'Atlas Shrugged' is looking more like a work of economic history (bar the feeling of being hectored through a megaphone for hours on end) every day.

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