6 August 2013...Labour supporters.
Another important indication of Britain's recovery was announced yesterday.
This month's
PMI figures show that the service sector is back in boom territory with services growing by its fastest rate for over 6 years. Last week other sectors, manufacturing and construction, also showed significant improvements with construction making a dramatic rebound.
Taking these figures and producing a weighted composite figure we get the private sector growing at its fastest rate since 1998 when PMI records began.
This is a better indication of economic health than the GDP figures as the GDP is warped by an excessive weighting in favour of wealth consuming public spending while PMI is all about the wealth creating private sector growth. It is only the private sector that can create real jobs and sustainable prosperity.
This just leaves us with the short question: Why doesn't it?
Or the slightly longer question: Why doesn't it do either?
Or even the longer question: Why doesn't it do either for more than simply the few?
Or the real, burning, question: Why is it only in the Anglo-Saxon economic business model that it is thought sufficient to watch a race horse cross the line first, for all spectators to feel like they too are as elated as the jockey, but never as knackered as the horse?
It is my 'fancy' that the future of prosperity and jobs lies in the increased presence of Social Enterprises, small to medium co-operative enterprises. Each a private enterprise that puts sustainability ahead of the fast-buck. For, if/when, such things become the norm, no more will we have to rely on statistical abstracts to con the unsuspecting that all is well; 'wellness' shall be self-evident.
On the 'up-side'...
http://skollworldforum.org/2009/05/04/are-the-only-innovations-in-social-entrepreneurship-anglo-saxon/
On the lighter side...
http://dailycapitalist.com/2009/02/24/failure-of-the-anglo-saxon-business-model/