As the pound falls to levels not seen in decades and Unilever
having informed Tesco that their goods are going up 20% and Tesco
replying that they won't therefore stock Unilever. A start one presumes
to other companies being forced to adjust prices relative
to sterling and the dollar.
The "Remain" camp warned of this they cry, particularly Mark
Carney the Governor of the Bank of England and George Osborne the
Chancellor. Osborne particularly was hysterical in his dire warning of
what would happen if we left the cosy club of the EU.
Well it is happening and we haven't even left, so one should ask the question why ?
If our trade routes are still in tact, if the financial mechanism is still operating, if nothing has changed. We haven't yet singled that we have started the process of leaving, why are the markets in turmoil.
Perhaps the term market is misleading. To be in a market presumes some sort of trading arrangement based on the position of seller and buyer. Perhaps 'way-back-when', this was indeed the case but not now.
Everything is a cartel. The moves in the cartel are dictated, not by market forces but by the political motives of the major cartel players who in fact control the cartel.
Finance is manipulated by the Central Banks. The distribution of
finance (lending) is controlled by the banks themselves. The
shareholders of the banks (often finance funds in their own right)
control or influence the direction in which the bank moves
its business.
The multinationals who diversify their holdings are dependent on the banks for finance, the medium to small business even more so and so we go on. Each part of the global jigsaw interdependent and each susceptible to finance.
Why has sterling fallen against the dollar and the Euro when
nothing has changed. It's called sentiment. The international sentiment
has changed just like sentiment can change between human beings, and the
basis for the change is a lack of surety when
one of the band of brothers breaks free and decides to strike out on their own.
Can 'independence' be obtained in this tight web of Wall Street controlled global economics. Are the constraints simply too strong to break away.
If one takes the analogy of the child breaking away from home, the stresses are often deep but the benefits outweigh the disadvantages. The root, re-potted in different soil prospers and becomes a hybrid.
Perhaps we as a country will have to become a hybrid. Perhaps our
roots were becoming root-bound, perhaps we needed the compost of new
ideas, a sense of our entitlement re-rooted. Re-examining how far we had
become an appendage of the European experiment
and the Global experiment, drifting along with little or no need to do anything unless asked.
Certainly we are in poor condition. Our industries have been
allowed to fail, our skills likewise and whilst we called ourselves the
5th largest economy in the world we were little more than a warehouse. A
holding shed for a society reliant on credit
which the banks, defining our needs fed us, like the "Drug Barron" feeds its users.
Perhaps like the detox clinc we can wean ourselves off "stuff". We can build our lives around the things we need, not the things we want.
We don't need to be the 5th largest or the 7th or the 10th so long
as we are solvent. So long as the structure of our society is more
caring, less judgemental, less acquisitive more proud of what it makes
and the skills it equips it people with to make
them.
There are many small nations, (and we are a small nation), who are proud to be who they are and represent what they value.
If Scotland and Ireland become truly independent is that such a
bad thing. Have the wars we fought to bind this collection of small
nations, Britain, not taught us that there was never a true meeting of
minds and that the seed of independence went far
deeper than the political construction.
Do we really need a seat at the top table of the United Nations. Isn't that game played out with our near impoverishment after the two world wars.
Give it to Germany at least they can afford it.
Restructure our needs in accordance with our ability to pay for it. You don't have to Dickens to understand the logic.
Take out the extravagance, take out the falsifying diet of things available all the year around in the supermarket. Cheapness based on the in-affordability of the supplier to produce.
Cut back or cut out the overseas holiday, make it an obsession to buy British and if it isn't available ask why. Re-incentivise our productive capacity by demanding we make it.
It will be more expensive but at least the merry go round of money it will be ours and not belong to some far flung corporation.
Above all re galvanise our sense of who we are, not by what we own but in how we evaluate our lives emotionally.
Above all have some
ambition and rid ourselves of the self doubt.