There is no doubt that things are going to get very bad for the UK. No need to take note of what the Government, its advisers or even institutional and corporate entities say, as they all have vested interests at stake.
The real world will be ver
y different for Britain than what all these people say.
Standards of living will invariably decrease as we shall not be making the money we did only a few years ago. The kitty will be empty.
Politicians blame the oil crisis (surprisingly not the financial institutions as well) for the turmoil. But the current problem is very similar to the one that caused the depression of the 1930s when the banks failed.
It would not surprise me therefore if, over the next two years, Britain sees a downturn like no other in modern times.
But the blame for this is to be placed firmly on successive administrations since World War II. Many dreadful decisions have been taken by Govern-ments, including these:
Hard drugs: hard drug addiction is now the major reason behind crime in the UK, including knife crime. It costs the country tens of billions of pounds every year.
But when the Vietnamese government offered our politicians a humane cure based on a herbal medicine, the Government refused this help, even though it had already cured over 20,000 hard drug addicts without their having to go through the dreaded "cold turkey" nightmare.
White Paper on Competitive- ness, 1988: over 40 of the world's most eminent scientists advised on this white paper. The Government took no notice of what they told them and the blueprint that they should adopt to excel economically in the 21st century.
This was probably the biggest mistake that New Labour ever made for it laid the foundations of a new future.
National Endowment for Science, Technology and the Arts: more than 20 of the world's most eminent scientists, advised on this £200 million investment of taxpayers' funds. The Government took no notice and to date some £100 million invested has not created a single revolutionary technology.
This was probably the second biggest mistake that the New Labour Government made.
Unfortunately, there are many more such cases. Our politicians believe that they know best. Now it is becoming all too apparent that they do not.
(Dr) David Hill
(World Innovation Foundation)The full article contains 403 words and appears in Evening Courier newspaper.
