Straw’s Economic Analogy

Great idea making a simple analogy for the masses to understand(Jack Straw” End of the world is not nigh”). How about going one step further with a dash of reality. The factory owner borrows from the bank, not for new machinery but, to fund his son’s gambling habit down at the local casino with the workers pension fund. After borrowing the money to cover part of the deficit the owner sheds a number of jobs through compulsory redundancies and then reinstates his son, back on full bonus. Bit hard to swallow that one, eh Jack.

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