by Michael Smith (Veshengro)
Now what a joke...
The double-dip recession is still a possibility and we could go down again rather fast.
Most of the growth appears to be due to automotive sales and the boost to car sales, it has to be said, was due to the the scrapage scheme for bangers and that is all and very much else is assumptions.
The real truth is, but one that the powers-that-be want to keep for themselves, that we are by now means out of this recession-cum-depression and we could sail down further in the next couple of months than we have ever since the 1930s.
Reality check is called for from the governments but we will not be getting that in Britain right now seeing that we are standing at the eve, so to speak, of a general election and Gordon Brown and his cronies would love to be able to ruin the country for another term.
On the other hand I do not think that the other parties will do much better. The economy has been screwed up gloriously by the world banking system that the governments have allowed to run amok and out of control.
In addition to that the economy, as it is, is unsustainable and must be changed.. No one in government, however, will have the political will to do that, of that we can be sure, simply because they have no intention of curbing the excesses of industry, whichever branch.
Predictions have recently been made as to the possibility of the Chinese balloon bursting, that is to say, the Chinese economy going south, and, as I have said already, this is going to have one hell of an impact on us all.
Before this happens companies must pull back from the brink and bring manufacturing and whatever else back home from China. Ethically China and operating in that country cannot be supported either and they all know that. Consumers would like to have a choice but, as I have said in previous articles, none can be given to them as most goods are now “Made in China”.
The economies of our respective home countries would have much less problems, if measured in GDP, if we actually had our industries – old and new – back home.
While it is true that goods might then end up a little more expensive – though this would not have to be necessarily so if businesses would be prepared to run on lower profit margins – they would be produced in a more ethical manner and also in a more environmentally friendly one as our laws would apply.
In addition to that it would provide work and, if we but could make goods so that they last, once again, longer than just a few years and would be repairable we would, in addition, create small businesses again that can repair things.
But I am not holding my breath that this is going to happen as greed is far too great a motivator for industry in the main.
© 2010
