There are some things that ‘should’ , it seems, be cheap: food, ‘labour’ and consumer goods are most usually cited….
What isn’t ever cheap is housing – whether purchased or rented – indeed any ‘real estate’ property is rarely cheap.
Though it is virtually never mentioned, expensive housing inhibits the ability to compete ‘globally’ (to coin a phrase).
And cheapness, not resilience has been government’s wish for the last decade.
In the US, Trump deflected anger and bitterness over stagnant wages, and precarious jobs caused by employers by scapegoating…. Even before his recent, overtly fascist, authoritarian outbreak he set out to punish poor immigrants – as well as China.
Yet in fact China’s economy nonetheless seems to keep outperforming the US.
Both seem to be outperforming that of the UK…
In fact when money is how the state gets stuff done, money is important but nowhere near as essential as the resources – natural and human – that it sets in motion.
Yet when money is supposed to be important in itself – and thus mistakenly presumed to be in short supply, best price is everything.
This seems to read across to public businesses and spending – even when it is obvious that that same public creates the money in the first place.
The Chancellor thinks the private sector is vital to a recovery but his supposed intelligence completely misses that according to the Federation of Small Business (FSB) a quarter of a million small businesses may well disappear.
Small and Medium Entereprises – substantial numbers of whom are within the FSB membership, provide the majority of jobs in the country. And that’s before anyone mentions Brexit.
Cheap and nasty is a frequent phrase – and I fear it has more meaning than we actually knew.
It describes the UK government.