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What does this say about future global economics? Will there be a selected few areas where everybody lives and the rest is left to automated machines for farmin
by glass3 4y ago
What does this say about future global economics? Will there be a selected few areas where everybody lives and the rest is left to automated machines for farming?
>annual funding from the national government to local councils in England fell from £41 billion to £26 billion adjusted
With 45M citizens in England without London, that was £1000 per person. Who would start a company with that amount of funding?
The article doesn't explain why the population is incapable of creating value creating processes on their own. Every third world country is supposed to reform their economy and offer goods on the global market. With all their access to knowledge and production processes, why does Manchester need the help of the national government?
- tremon 4y agowhy does Manchester need the help of the national government Because Manchester cannot set their own policies. Only Scotland, Wales, Northern Ireland and London can (to a degree) define their own policies (aka devolution [1]). The rest of England cannot set their own tax or social policies nor control their own budgets. [1] hhttps://en.wikipedia.org/wiki/Devolved,_reserved_and_excepted_matters?useskin=timeless#List_of_devolved_matters?useskin=timeless https://en.wikipedia.org/wiki/Devolved,_reserved_and_excepte...