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The problem in your analysis is that you are thinking about the money rather than thinking about the resources. All those people haven't gone anywhere and all t

The problem in your analysis is that you are thinking about the money rather than thinking about the resources. All those people haven't gone anywhere and all the capital (as run down as it is) still exists. The wealthy are not very useful when it comes to contributing, because they don't have that much more to contribute than anyone else (even purloining their additionally consumed resources doesn't contribute very much). In truth, what needs to happen is the government needs to realise that what limits our wealth is our resource constraints and enact policies on that basis, instead of fussing about artificial financial constraints.

censor_me 3y ago
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lhnz 3y ago
> In truth, what needs to happen is the government needs to realise that > what limits our wealth is our resource constraints and enact policies > on that basis, instead of fussing about artificial financial constraints. Indeed, the government must understand that wealth hinges on available resources, not financial limits. Policies should reflect this. Yet, the UK seems hesitant to utilise natural resources, develop housing/infrastructure, or encourage investment in capital or innovation. We've been rich and industrialised for so long we have forgotten that wealth isn’t created out of nothing. Our attitude towards fossil fuels is particularly indicative of this. Coal made this country an industrial superpower. We forgot that the key to our economic power started and will always start with energy -- and that this is often dirty. Today we a country of financial services and coffee shops, because we believe we are above the truly productive sectors of the economy.