Spirit of the Age
Many primary producers are benefiting from high mineral and other product prices. We have seen these movements before but it would be unwise to believe that the high prices will last forever. Ultimately it is countries which can embrace and deploy state of the art technology and its applications which will succeed – it will be the great divide of our time.
Harold Wilson captured the imagination of people with his talk of the white heat of the technological revolution. In retrospect, this was nothing more than a good line. Equally, when Tony Blair launched the Lisbon process to bring Europe to the forefront of the knowledge economy, in practice, no such thing happened. It typically sounded good at the time but rumour had it that he had yet to send an email which is quite believable.
George Osborne made a speech last week which is critical reading. Firstly, he wrote it himself. Secondly, he has captured the reality of the world we now inhabit. In contrast to the soufflé speeches of Messrs Wilson and Blair, it has real depth.
Please read it by following the link below: