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EXTEND STATE OWNERSHIP TO SAVE JOBS

Public ownership needs to be extended from the financial sector to the manufacturing and service sector. The reason for this is that Europe and the US have many industries and service businesses which cannot survive in the global economy. India, Brazil, China and south-east Asia are more than cheap labour markets. They are increasingly places able to provide high-skill and high-quality work
Britain, justly famous for technological invention, has failed to develop green industries such as wind turbines that this innovation has spawned. The USA has cut down on the vocational education of skilled craftsmen and reacts with surprise that good-quality skilled manual labour has to be outsourced or imported.
Managers have been forced to focus on fluctuations in their share price and continually to reconfigure themselves with mergers and acquisitions, rather than managing for the lung-period.
In our present situation the western economy is not self-sustaining. Private enterprise as we know it is a poorly constructed clunky machine and if we do nothing it will shrink opportunities and degrade the lives of its workforce.
Protected industries have not added new jobs, proportionately, than free market industries. Regulation is largely irrelevant to expanding the number of jobs. That agenda requires money, more money than can be justify by the austere calculus of the market. This extra money is where public investment comes in.
Full employment is more important to our society than efficient profitability.

JOBS KILLED BY WELL-INTENTIONED RULES

Citizens across all nations share a common great global dream. What they all want is a good job. It takes a near miracle to build a successful business. For every entrepreneur who makes it, dozens fall by the wayside. Most genuine commercial breakthroughs do not need just an exceptional leader. They need ingredients such as luck, a sound legal system and capital.
Right now the odds are...