(1) Demise of Wilko; (2) Rise of the subsidy-stuffers
Evidently undeserving |
(1) So, farewell then, Wilko. Always seemed a nice store to me. We’d all welcome BQ’s informed take on What Went Wrong …
(2) The other big business headline on the same day was BMW’s decision to make the new electric Mini in the UK rather than China. Well, obviously multi-dimensional politics there, but the aspect that interests me for now is the big subsidy from HMG. That’s evidently the mood of the moment.
Evidently highly deserving |
Going back, say, a decade, international trade law in most of the West was broadly agin state support. Obviously, several countries had a history of mercantilist policies, explicit or under-the-counter, but it was supposed to be on the wane and the EU, to be fair, mostly clamped down on it.[1]
Well, that’s over and no mistake, ever since Biden’s IRA drove a coach and horses through it, if not before. Germany is of course screaming to be allowed to do the same, although see this intelligent piece from our old motorbiking friend Yanis Varoufakis which indicates why a number of EU countries won’t be so keen to let them without far-reaching “reforms” in EU treasury governance. Meaning a lot more “Europe” for all of them. We shall see.
When push comes to shove, it seems, everyone is a protectionist. Let it be recorded that in happier times, Free Trade accomplished a very great deal and we may live to regret its passing, imperfectly enforced as it undoubtedly was. You don’t need to go far in history – even (say) that of ancient Greece (you listening, Yanis, old chap?) – to find tremendous examples of new-found prosperity born of free trade; and its converse, prosperity ended by a collapse in trade. C@W, right?
ND
__________
[1] Of course, the really big ones, like Hinkley Point C, were always waved through, if only eventually & after a bit of horse-trading at the top in Brussels: “too big to be stopped“
Source: http://www.cityunslicker.co.uk/2023/09/1-demise-of-wilko-2-rise-of-subsidy.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.