Stupid?

Thank you for making a small contribution to the future of mankind for removing yourself from the gene pool.

Really, is this what our so called civilisation is  all about?

So do we include the disadvantaged, the old, the mentally ill and the disabled?

Sorry, but it may be just well “well ‘ard” and a  fashionable desperation  to avoid being labelled “politically correct ” but  just who are we to define exactly who is “ stupid”? Maybe you are not entirely serious; if this is so, well do forgive me.*

Hitler tried to purify the gene pool; do we really want to go there again?**

* sigh, irony

** slightly ironic


More Straws in the Wind

Someone suggested recently that extensive foreign ownership of British industry and utilities does not matter. I disagree, but am prepared here, for the sake of brevity, to accept that ownership by foreign commercial companies operating out of a democracy is not a critical problem. Rather than debate that matter, I wish to focus on a form of foreign ownership which can indeed be a serious problem, should Britain be subjected to it.

I mentioned yesterday (Straws in the Wind) that in the western form of capitalism, those with economic interest act in politics to pursue their commercial objectives, and that state capitalism reverses this process. There, those with political objectives act on the economy in pursuit of their political aims. Therein lies a danger.

A number of countries, most notably, but not exclusively, China are running up huge foreign reserve funds through their trade surpluses. In many cases, those funds are then siphoned into a government controlled bank and used to build Sovereign Wealth Funds. Those funds are then used in turn, sometimes through a nominally commercial company, to invest in acquiring foreign assets. Such investment may not have a commercial rationale, but be more the result of geopolitical aims of the government.

So, if one can be sanguine about foreign commercial companies owning British assets, perhaps a little more concern is called for if those companies are too close to their domestic government, and may, under political pressure, use ownership as a lever to influence Westminster. Certainly, concern is now being expressed in America.