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Farm Business
Politics, Covid19 and Brexit
Dr Tim Leunig
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<blockquote data-quote="Danllan" data-source="post: 6798439" data-attributes="member: 8735"><p>This fellow is thinking out loud, breaking out of boxes, suggesting possibilities etc. etc., and long may he and others do so - and then be ignored when it's b*llocks. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite24" alt="(y)" title="Thumbs Up (y)" loading="lazy" data-shortname="(y)" /></p><p></p><p>There some aspects of Singapore's economic model that are great and we would be daft not to learn from and emulate. There are other aspects that are fine for what is, effectively, a city state but which would not be appropriate to us and we shouldn't even waste time considering.</p><p></p><p>I, for one, am all for the former, that being pragmatic targeting of / for the economy and the pursuit of our national interest as far as possible.</p><p></p><p>However, and nobody can accuse me of being a left-winger, I'm on the record as having advocated the maintenance and promotion of essential industries - to the point of a from of nationalisation* - and strategic assets too. We can have a very successful, free economy and guarantee national security too. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p><p></p><p></p><p></p><p></p><p>*I have no problem with national ownership of e.g. railways or energy supplies. But, and this is the key, we have seen time and again, here and abroad, that public ownership combined with <u>public</u> <u>management</u> of any given industry is a rarely a recipe for success. Using railways as an example, I would happily see them nationally owned but franchised out and fares set by government. If a fair is set of £1 for a given journey and a firm can run it for 20p, they get to keep 80p and good luck to them. If it costs them £1.20, they lose. We need to see the complacency of public management replaced by the dynamism of the profit incentive.</p></blockquote><p></p>
[QUOTE="Danllan, post: 6798439, member: 8735"] This fellow is thinking out loud, breaking out of boxes, suggesting possibilities etc. etc., and long may he and others do so - and then be ignored when it's b*llocks. (y) There some aspects of Singapore's economic model that are great and we would be daft not to learn from and emulate. There are other aspects that are fine for what is, effectively, a city state but which would not be appropriate to us and we shouldn't even waste time considering. I, for one, am all for the former, that being pragmatic targeting of / for the economy and the pursuit of our national interest as far as possible. However, and nobody can accuse me of being a left-winger, I'm on the record as having advocated the maintenance and promotion of essential industries - to the point of a from of nationalisation* - and strategic assets too. We can have a very successful, free economy and guarantee national security too. :) *I have no problem with national ownership of e.g. railways or energy supplies. But, and this is the key, we have seen time and again, here and abroad, that public ownership combined with [U]public[/U] [U]management[/U] of any given industry is a rarely a recipe for success. Using railways as an example, I would happily see them nationally owned but franchised out and fares set by government. If a fair is set of £1 for a given journey and a firm can run it for 20p, they get to keep 80p and good luck to them. If it costs them £1.20, they lose. We need to see the complacency of public management replaced by the dynamism of the profit incentive. [/QUOTE]
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Farm Business
Politics, Covid19 and Brexit
Dr Tim Leunig
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