Tuesday, February 11, 2014
We are the fourth biggest economy on earth because of our own hard work and natural superiority, and not because we spend several centuries looting the wealth of countries that we now throw the odd crumb of aid to on condition they let our corporate interests cherry pick their economy.
Whilst we are the fourth biggest economy, we are far from being the fourth-richest nation measured by average incomes. One that is rather better off on a per capita basis is Norway, which in the 1980s decided to keep 51% state ownership of its valuable (and finite) North Sea Oil resources, instead of chucking all that to the private sector. It has since been able to afford to protect its infrastructure from the very high levels of rainfall it endures. And also a load of that social democratic stuff too. you can go to university for free in Norway, even if you're from Eritrea.
Meanwhile, in the UK, we're told the coffers are empty, but since the 2008 banking crisis, banks have paid more than twice as much in bonuses as they have in corporation tax.
As the Met Office links the floods with climate change, long term flood prevention should have a focus on climate change abatement measures. Instead, the government has slashed such funding even when it saved far more money than it cost.
And so we end up wringing our hands and upholstery, demanding that the government answer the real question - “how many BMWs have to get wet before the government stops trying to impress stupid African babies?”