Ritichie still doesn't like UK PLC.

Ritchie still thinks that governments are different from every other financial entity.

I have advised many businesses, many of them in deep trouble at the time I arrived. It looks like Sir Philip Green has too. And when you encounter that situation you batten down the hatches, cut all costs to the bone and hope the patient survives whilst not giving much thought to the impact on those whose jobs you cut, those suppliers whose terms you abuse and the stress this causes.

Well that’s fine for business. But countries are not businesses. When a country adopts the sort of policy Si Philip is recommending it remains responsible for the business failures it causes, the people made redundant, the stress that is translated into more demand on the NHS, and the loss of profit and reduced cash flow for the private sector whose ability to compete, and produce the new employment we desperately need is severely impaired as a result. In other words, what might be fine for a business is quite wrong for the UK – especially at a time when the private sector is already in the doldrums.

It has to be said that Sir Philip is the wrong man with the wrong mindset producing the wrong solution at the wrong time for the UK. And the person to blame for that is David Cameron: he appointed him.

 Lots of classic Ritchie-ism here, messiah complex, cognitive dissidence, private sector bashing, public sector praise and ConDem bashing.


Ritchie seems to think that one entity that has an income, an expenditure and a product/service is different from another entity that has an income, an expenditure and a product/service. 

That is all Government really is; it's income is it's tax revenue, it's expenditure are the wages of its employees and is services are defence, justice, welfare, health, etc.

Granted, it's not uncommon for a private business entity to spend beyond it's means in a month/quarter/year because they justify the loan (and the amount of the loan) on how quickly afterwards they will be back to making a profit.

In his first paragraph Ritchie spells out how a business plugs the gap (his emotive points are very generalised as small businesses hurt a lot when they are forced to let people go and big businesses are often aware that the loss of key persons will come back to bite them), considering there is not operating difference between a business and government why is it suddenly wrong?

It is suddenly wrong in the case of the UK because the government does too much. 

If we operated in a truly free market then there would be fluidity in jobs, education, growth, finance, etc. all the things that the government interferes in now.

The public, the press and the politicians have been on the state control high for to long and now that the habit has become more expensive than we can afford the reality of withdrawal scares them.  Withdrawal is never easy but you come out of it better than you went in.