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英国経済の本当の実力はこんなもんで、アメリカも同じである。ビジネス・プロトコルが英語を基盤としていることの強みはいつまでもつづくわけではない。
British economy is not strong at all. Thanks to the stupid TV programmes such as ''Apprentice"", people developed an illusion that this is a nation of natural business managers. Laughable! First of all the quality of busines itself must be enhanced up to the international standard. Trains arriving half an hour late, with no complaints from passengers as they take it for granted. Banks statements that need to be double-checked for a possible error or two. Quality of food served in eating establishments!! ( Actually I am anxious to see the face of a Frenchman who happened to have popped in a 'cafe' in UK and tasted his first bite, in an anticipation that cafe is after all cafe, and must be no different from those back home. )
The recent 'economic miracle' was engineered by Crash B and his colleagues behind the scene, by discouraging people to save through scrapping one after another, any incentive for savings, such as PEP/TESSA replaced by mush less attractive ISA, let alone criminal dismantling of pension tax breaks, thereby driving people to mindless consumption, and most importantly 'property investment' as apparently much more reliable alternative vehicle to provide security after retirement. These two elements, consumption unreasonably made buoyant and property investment (with a significant share comprising BTL) went into an uncontrolled upward spiral via the 'asset effect' or 'feel good factor, to create the housing-credit bubble with an unprecedented scale. Thus one area that is most likely to be hit the severest in the current financial turmoil should be none, but the UK. Just think about the sheer scale of the personal debt per capita in this market!
Incidentally the strength of British businesses largely come from their historical advantage in terms of the established business protocols, including among other things the English language as predominant means of business communication and documentation, which is particularly evident in finance, shipping and insurance, etc. But nowadays one can acquire reasonable knowledge of English in any part of the world, so the days of the British (and American for this matter, indeed) supremacy is numbered even in this area.
Monday, August 20, 2007 06:24PM