Labour Market, 1945-55

Various things have led me to consider the post-war “return to normality”. It started with the ideological establishment of the cold war, and the portrayal of the Soviet Union as new enemy against the experience of much of the demobilising military. I consider the recommencement of strikes, the re-establishment of deference, like Lee, the establishment  of Churchill’s reputation as a war hero and the relocation of women back in the home rather than the factory. Here are some notes. … Continue reading “Labour Market, 1945-55”

Value Discipines

I was thinking about business/IT strategy alignment and was reminded of the operational efficiency vs product excellence dichotomy that I have struggled with for years. I hadn’t realised it has one source, research by by Michael Treacy and Fred Wiersema. These theories came to be known as Value Disciplines and they included “customer intimacy” as a third value. The conclusion is that to win, you need to be best in class at one of the these values and good enough in the other two, lesson two is that you can’t be superlative in three and that doing it for two is hard. Otherwise, here are my notes and links.  Continue reading “Value Discipines”

New Labour’s Regional Policy

Part of the argument about the election results has become whether Corbyn’s Labour should have pitched itself more profoundly against 40 years of Thatcherism. I have my own critiques of the New Labour governments, but I hadn’t seen a failed Regional Policy as one of them. Here are my notes. … Continue reading “New Labour’s Regional Policy”

Growth and Income

I was having another look at the macro-economics of the country. I was looking at growth (δY) and income distribution ( 1 -L(Y) ). I have built some growth charts but have run out time for the moment on income distribution, partly because the stats aren’t saying what I’d hoped. Perhaps ONS don’t measure this to the level of granularity that we need; they use 20% and 10% tranches. I might come back to this, otherwise here are my notes.  Continue reading “Growth and Income”

International Trade and MMT

I have now re-read Chapter 8 of Reclaiming the State and this is what I think they say on International Trade, I plan to simplify it further. I have tried not to insert the anti-arguments, but I am not sure that I agree that “Sudden Stops” can only happen to poor countries. Also if the MMT people are right, then while the fiscal surplus/deficit is not a constraint on macro-economic policy, I am still to be convinced that the balance of trade isn’t! Also MMTers argue that the World Bank/International Monetary Fund/WTO will need to be refactored with new goals based on facilitating trade & development and ensuring that Trade can be financed. If collective/political action is required to ensure that international trade works, why not the EU as the first port of call. Anyway, here’s my notes. … Continue reading “International Trade and MMT”

BBC Funding

I have taken an interest in the BBC’s financial balance of trade on Intellectual Property. Their annual report can be found here … while the National Audit Office undertook a landscape review on their commercial services.  The annual report is a typical haven’t we done well and getting the answers to the questions I am asking is very hard, almost as if they’re hiding it. Here are some notes. Continue reading “BBC Funding”

Stability & Growth Pact

Do the EU treaties inhibit a Labour Government? Much of the debate focuses on industrial policy. Could a Labour Government nationalise an industry? (Yes!) Can it subsidise companies? (Not if this inhibits European companies from entering a market.) Could a Labour Government introduce a minimum wage? (Yes!).  A more interesting question is around Macro-economic policy. Here are my notes on the Stability & Growth Pact (SGP). Continue reading “Stability & Growth Pact”