Category: Macroeconomic Inquiry

THE UK’S INDUSTRIAL STRATEGY is a holy trinity of efficiency, jobs, prosperity. A sugar, salt and fats hit to the national bloodstream. But industry is not a magical answer to communities. And putting to death the manufacturing mirage is Rasputin-like. New manufacturing requires eye-watering complexity, beyond the UK’s capability. Our favourite nemesis, due to its…

ONCE UPON A TIME an organisation had supercharged leadership, new buildings, expanded vision, ‘wrong people’ fired, ‘right people’ hired, but, the toilets did not get cleaned. Then, by magic, they were sparkling. What, pray, made the difference?: “Management spoke to us,” said the cleaning staff. And so they lived happily ever after in the Land of Increased Productivity.…