economists

Having worked with a church and experienced first hand how messy people are and especially how messy people are when they are in large groups it always makes me wonder how economists and people like Bank of England governator Mervyn King can predict what needs to be done to grow the economy or that the economy will grow or shrink.
I can’t predict what I’m going to do in the next 5minutes so how can these high priests of economic growth make statements like the economy will shrink or grow by _ % in the next year. The economy is really just people like me who can’t be reduced to a number in some type of computer program.

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defence spending MADNESS/WRONGNESS

I spent some of my mother-in-laws Christmas gift of a  Waterstone’s book token on a book called ‘The Value of Nothing’ by Raj Patal. Reading it on the train home from Belfast I read this passage which gives an idea of the amount of money governments spend on defence spending. I knew it was big, but not this big…

‘In the midst of recessionary cutbacks, defense is one of the government line items that has continued to expand. In 2008 nearly $1.5 trillion dollars were spent on defense worldwide. To borrow a trick from the brilliant essayist John Lanchester, if you were to count at a dollar per second, it’d take twelve days to count to a million, thirty-one years to count a billion, and for a trillion, a thousand-fold more, it’d take six times all recorded history.’
The Value of Nothing, Raj Patel

Barbour Mill

Passed the old linen thread factory at Hilden. The Barbours Mill was once the largest in the world with over 2000 people working there just over 100yrs ago.
It looks like a proper factory you would see in a LS Lowry painting.
It looks like the sort of factory Bruce Springsteen would write about closing down.
Its derelict now. You pass by, its glory has faded. There is talk in the news about a £100million plan to do it up into houses and flats and offices.

Have been listening to the opening lyrics of a Fionn Regan song ‘Snowy Atlas Mountains’ when thinking about the factory;

‘We came down by the factory
Industrial yarns were my father did work’

Actually, I can’t make out if its yarns or yards. Still both work for me – but maybe I should check. So I’m a gonna.