My life as a wealth generation asset
A few years ago, someone with an interest in dynamical systems devised a complex financial product that allowed banks and other larger corporations to achieve a good return on their investments at limited risk. But it turned out that their money was not as safe as they thought, and things went belly up. Banks lost money hand over fist, some ended up bankrupt, while the taxpayer bailed others out. The global economy took a nosedive, and countries ended up being much more in debt than they would have liked. As the next general election approaches, we are told that things are improving in the UK, but the deficit is large, and it is not coming down as quickly as expected. This is a serious problem, and something that will take time to sort out. There must have been many very difficult meetings in Whitehall, with departments told they need to spend less money and, where possible, generate money. Whether one agrees with this strategy or not, the logic behind it is straightforward to follow: we need to pay off our debts so we should spend less money and generate more of it. Continue reading “My life as a wealth generation asset”
