Cameron, China, the dragon in the room …

 

This article is a timely update to one I wrote about the dangers of China in February 2014 China the elephant in the room.

This Tory government has learned nothing from Thatcher’s disastrous reign of myopic, crass decision making¬†or that of New Labour’s 13 incompetent years at the helm. It cannot see beyond Cameraman’s departure two years hence (yes – two) and is making huge errors of mismanagement in three vital areas of Britain’s future.

These are: 1) future electricity generation; 2) food self sufficiency, and 3) basic manufacturing capability.

China's propery apocalypse
China’s looming property apocalypse.The empty flats that nobody can afford.

Embracing China’s mad, humourless, greedy, globalised capitalism is a huge mistake. China’s recent stock market corrections are but a hiccup compared to the real correction required to adjust for the debt mountain based on the empty cities all over China. These property investments are still recorded on the Chinese and the world’s banks as assets. They are anything but!

Ignore the bubble at your (yellow) peril ;-)
Ignore the bubble at your (yellow) peril ūüėČ

Ignoring China’s primitive and barbaric attitude to human rights is a crime and denies everything that Britishness should stand for!

Encouraging China to build our, sadly now necessary, nuclear power stations is beyond stupid! The decision is based on the same incompetent logic of New Labour’s disastrous PFI contracts to build new hospitals and schools etc. The decision is based on presentation rather than economic sense.

Why on earth do they keep on making the same mistake?

The answer is, that PFI does not affect current government debt figures, so Osborne looks good and sounds sensible. However, it pushes the real, and hugely inflated cost, way into the future. Today’s decision makers will have retired on their gold plated pensions and cannot be held to account. Those future PFI costs are far higher than they would be if we did the sensible thing and borrowed the cash now at all time low interest rates.

All the current agreement does is guarantee huge future returns for China but dooms our children’s children to higher than necessary energy costs.

Good for China’s long term economics, but so obviously bad for us.

Government should be borrowing cash now, while it is historically cheap to do so, but it will not because of party political ideology. Bonkers, criminally incompetent financial mismanagement unchallenged by Corbyn’s Labour party because they can’t think straight either.

Labour cannot be too critical here because of the Blair / Brown era of financial incompetence.

Meanwhile, Germany’s steel industry thrives because it is being supported by Merkel’s government, completely ignoring the EU’s rules on state subsidy by the way. We can’t do the same because our steel capability is owned by India plus we keep on following the damn silly EU rules that Germany, France and Italy just laugh at.

Cameraman & Osborne are blindly completing Thatcher’s disastrous short term view of manufacturing and finishing off the population of the north east for good.

Our steel industry is now dead after today’s announcement by Tata (You know, those Indian chappies who bought our steel industry some time back ;-( ).

Meanwhile, Germany is investing heavily in alternative technology to generate green electricity while our Tory twits are removing subsidies. Simply beyond stupid!

Germany took that enlightened, long term decision when Japan’s recent nuclear disaster gave us all a taste of what happens when things go wrong when power generation is too centralised! Remember Eric Schumacher’s 1973 book Small is Beautiful?. Germany’s politicians took note while ours went out to lunch.

Milk production is all but destroyed in Britain while food imports continue to rise to support a supermarket model which is failing. This reign of madness is seemingly unchallenged by Labour because of its own past incompetence.

Our membership of the EU is of course to blame too, effectively stopping Britain from taking a long term view of food production and manufacturing.

Long term thinking is completely missing from our governing and political classes.

China is only thinking long term! Germany is thinking long term too …

When will our politicians ever learn?

Acknowledgements:

B.Rich Hedgeye for the Chinese bubble cartoon

Marketwatch.com for the reality of the Chinese economic “miracle”. Please read the comments to this article, they are more realistic than those of the article’s author.

NHS reforms – makes me want to weep!

 

The NHS “reforms” proposed by the new Tory government are not reforms, they are simply a politically expedient way to remove future responsibility from central government by putting private companies in charge. The same principle applies to the schools system started by that self-obsessed idiot Blair and continued by ‘gormless’ Gove and ‘Couldn’t care a less’ Cameron.

All we hear from Cameron is how necessary the reforms are – but never ever any detail. Andrew Lansley’s gone a bit quiet though …

The key reform that you have NOT heard is that “The NHS will cease to be an organisation with a management structure.” Think about that for a minute – then think again. No mention of such radical reforms was made in the manifesto of either the Conservatives or Liberal Democrats at the last general election. This means that the NHS, as you knew it, just disappears.

Here are some reforms I think should be made and they don’t require any expensive re-organisation at all.

  • Firstly – show some grit and cancel ALL the damn PFI schemes started under Thatcher and continued by Blair & Brown – just do it in the name of future generations of British people who are going to be totally screwed for years to come. The saving? At least ¬£50 billion! … and where’s my 10%? (for further details of the PFI disaster – see the section on Alex Salmond below…)
  • Put Senior Nursing Staff back in charge of hospitals and ward sisters in charge of cleaning of their own wards! Remove all private cleaners and private contracts from hospitals.
  • For years drug companies have been funding skiing trips and other expensive bribes for GPs who take their drugs – just stop it! GPs should simply select drugs from a “NICE” list of approved drugs – that’s it. Re-organisation & ¬£2bn saved – I’ll take my 10% fee now please!
  • Doctors who cannot speak English should be removed from service forthwith.! I have¬†had to see two of them over the last few months, about an eye problem, and I was left feeling completely un-served by their inability to hold a detailed conversation. They knew how to fill out the forms alright, but as to advice etc. it just left me fuming! Both were east European and were woefully short of the the mark.
  • Nurses should live up to their name and nurse (verb) rather than oversee medication rotas – perhaps this is a bit strong BUT it is more right than wrong! Put the care back into nursing.
  • I’m sure that any businessperson of 20 years experience in starting & running their own company could propose billions of savings after a matter of a few weeks investigation. You don’t need one of the big 5 accountancy firms to tell you how to do it with fees mounting to millions!
  • Its the bureaucracy that really is inefficient and largely useless. Just get that same chap(ess)¬† just above to research make some changes – another billion saved! If you remove the NHS management function – who will have the power to investigate and remove duff doctors?
  • The NHS is the flower of British political development – don’t mess with the NHS mate – or we will all come and getcha!

I am right –¬†you probably agree too¬†– so why the bloody hell can’t¬†our politicians¬†do just that?

Most of my suggested reforms would be supported by most of the public but they require political will to be achieved. There’s the the problem – our politicians are gutless, clueless and lost in a funny little world of their own.

To quote Alex Salmond recently, and whilst I completely disagree with him on his desire to split Scotland off from the UK, his analysis on the NHS is spot on!

“Don’t let these¬†three parties destroy your NHS”.

It will not be “National” anymore – the reforms mean a locally run postcode lottery.

It will not be a “Service” – private company profitablility will supercede service – that’s the nature of the beast!

A recent BBC investigation of PFIs (Private Finance Initiatives) found that the 11bn investment made so far will cost us 66bn over 20 years, and that does not include the £600 to change a lightbulb scenario!
(Derek Ruskin says: “600% return to private business – not bad eh? Do you remember voting for that when you voted Blair in? Neither do I!”)

99% of the Royal College of Nursing are against NHS reforms

95% of GPs are against the reforms

Started by new labour¬†forming ‘Foundation’ Hospitals 2003 following on from Thatchers “reforms”.

Scotland has it right – SNHS has gone back to original ethos of the NHS. Alex Salmond for President of Great Britain – hurrah!

An interesting history of the NHS and the “improvements” made by our dear leaders over the years is here – its¬†not a pretty¬†website¬†but the facts are thought provoking.