Monday, 23 November 2009

Hot Air

Professor Andrew Oswald of the University of Warwick is a critic of the economics profession and says: “The word ‘herd’ dose not appear in dioxide emissions.”

The Professor possibly a defender of the domesticated cow; thinks, Pollution is tightly linked to the level of economic activity, so that a few years of negative growth could lead to reductions in pollution levels not seen since the 1970s.

From one learned person to another, we are told by Professor Alan Manning of the Centre for Economic Performance, finds, while inequality in Britain is now much higher than it was in the 1970s. The demand for a redistribution of wealth is much lower. Professor Manning explains that many fewer people seem to believe in the ‘class war’ or that there is one law for the poor and one for the rich, or that big business benefits owners at the expense of the workers, or that those who consider themselves (mistakenly) as middle are no longer envious of the rich, instead aspiring to be rich.

But these views could shift, says the good Professor:

“As we enter a recession in which the average Briton is quite likely to feel the pinch, it may once again become an attractive political policy to seek to increase the share of the taxes paid by the rich.”

Interesting or what?

I will reply to this in the next few days, however if a reader has a point, please let’s have it?
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