When asked his advice for a young person growing up in Britain, Jim Rogers, former partner of George Soros and one of the world’s most successful investors, is forthright. “Move to China; learn Chinese.” In an interview with The Independent, Mr Rogers warns that Britain will go bankrupt if the Government continues to follow its present policy of attempting to save the banks through subsidy and nationalisation.
As an outsider looking in, I have to say I’ve always loved Britain ever since I first had the pleasure of visiting with an English mate in the late 90’s and sipping tea with his family in the southern suburbs of London. Yeah yeah they might be a bit insane and love their drink and quite a few of them like stealing motorbikes and stabbing people with screwdrivers but on the whole my memories of the British people is a positive one (also in a major part due to the kindness shown to me by the biker community in a time of need), and I’ll always love that crazy island whether you economy goes down the drain or not.
But, what do your native born Brits make of all of this? Do you think the UK (and in a larger part, the whole Western realm) has blown it and is doomed to watch from the sidelines as the upcoming countries like China rise to dominate the world stage? Or could you give a toss as long as there is still a few litres of petrol and a patch of dry tarmac somewhere?
That is just his opinion and I think the unique problems encountered in the last year on a worldwide basis goes to prove that industry ‘experts’ very often get it very, very wrong.
We gave China our manufacture during the 80’s and 90’s following the long tradition of using the far east for this purpose and we gave India and surrounding areas our back office around the same time. I think the idea was to build UK Ltd as a World financial centre, but that has gone terribly wrong also.
The UK’s problems are not unique and are echoed around the Western world where mass consumption is the demand of the majority and the expectation of our youth.
There is no quick fix but I doubt if the World economy can bear any nation actually going bankrupt. Perhaps Orwell’s ‘Oceania’ will be a financial joining of nations rather than a communist take-over.
Cods Wallop…Britain wont go bankrupt and no matter how many people try to talk us down such that shares fall and people can make a killing…wouldnt trust anyone who deals or works like soros. they are the leaches of the world and trade on the mistakes of others…mental.
Britain will survive, I doubled my turnover last year, and will likely do it again this year. Does anyone remember when we were all told to learn Japanese, well they went tits up evnetually, it all follows the same cycle…simplistically see below…
country has loads of cheap labour, the people get exploited, they learn how important they are, they up the wages, prices go up, they price themselves out of the market and business goes elsewhere…
Ovesimplistic I know but its already happening in China, if you want cheap you get crap, of you want good its no cheaper than UK or Europe…production will move back to the UK and Europe, China will falter internationally in less than 5 years or sooner…
the biggest bonus for China is its massive population…it will take some time to use up all of those people and they can trade so well with themselves they really dont need the outside world…India will always be a thorn in their side…
