Interesting article about Liverpool

[Bruce Wayne]

http://www.economist.com/node/21550239

In fact, Liverpool was an ideal place for such a conference because the city provides a vivid demonstration of three points that should be at the heart of discussions of the subject. The first is that entrepreneurial economies can be destroyed by ill winds or bad policies. The second is that the cost of such destruction is high, especially because decline becomes self-reinforcing. The third is that the flame of enterprise is hard to rekindle when it has been snuffed out.

 

[somuchfun]

They shouldn't try to go round the issue but rather attack it straight through the middle.

 

[Saliba]

love the economist. but ffs it's so expensive.

 

[davek]

Amongst the usual pox-ridden anti-union bashing it makes a valid pont about political cycles. The scrapping of the regional develeopment agency was one of pure spite and made no sense. The NWRDA was very successful in attracting funds to the area but was disliked intensely by the Tories because it had democratic accountability (to a degree) and of course that meant in our region a strong influence from TUs and the Labour Party.

 

[Saliba]

Wow, for someone who is supposed to know about financial derivatives, i've never actually thought about where they originated. Nice one Liverpool.

 

[The Esk]

Just to bring a bit of balance to the economist article, what about a mention of the appalling working conditions, the causal labour scheme (google it), the lock outs, the lack of investment in modern machinery despite huge Government support by the Mersey Docks and Harbour Company?

Interesting article nonetheless, and great to see the City turning the tide......

 

[Degs62]

They shouldn't try to go round the issue but rather attack it straight through the middle.

Modz ffs, swing the hammer!