The economy in England outside of the London City State is beginning to look very Rocky. While an unforeseen side effect of Northern Rock's swallowing £30 billion of tax payers' money has been to make the sums gulped down by the Regional Development Agencies look less gluttonous, their tens of billions still have done nothing more than provide makework for the Regime's growing nomenklatura infrastructure.
There has been no use of these billions to provide favourable entrepreneurial environments that would encourage manufacturing growth and general employment; nothing but outreach, and empowering, and entitlement, and subsidy to 'players, buffoons, musicians, opera-singers, opera-dancers' - a kind of Northern Rock Foundation spread thickly across non- London with elsewhere, small, embattled encampments of the capitalist economy encircled by the realised socialist heath.
The Wastes of Longbridge, the Former Potteries, the Silent Looms, the Blasted Furnaces of Sheffield, the Pits of the North East, the Empty Harbours, Hull Down - the country could be part of some deadland Tolkien fantasy geography, and the failures of oxymoronic socialist enterprise might well cause more than just the first run on a bank for 150 years. The run on sterling is underway and, while it will be paused this time, the Leader's business plan is just as inadequate and exposed.
London needs to remove this sick regime before it is so damaged by its systemically subprime hinterland that the rest of the world leaves it for safer havens.
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4 comments:
So right about Birmingham, Stoke and Hinckley, for a start. I don't think it can improve until we (a) leave the EU and (b) get a political leader who cares more about the country than about his CV. Odds?
Can't do odds, S, it's a gender thingy.
Birmingham is a unique experience, in part just because it is so homogeneous in its patriotic Englishness. Mr HG was astonished (after he'd decided that the accent was the equivalent of what the Florentines do with Italian and got to grips with its idiosyncrasies so he could understand what was going on at all.)
It's like living in an archaeological site for industrial development as well. We had the most extraordinary names to the families living in our street and they all turned out to be the real thing. What they thought of us they courteously concealed while pouring world class gin and tonics down our and their necks.
That this outrage should have been done on their turf is not over.
Sorry S, two posts that brought in Birmingham and the Midlands have confused my post Christmas brain. the wilderness of the industrial revolution's birthplace, actually hurts.
It bothers me that we are losing economic diversity.
I often ask myself why we are so rich ? The provinces seem to be superfluous.
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