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Roger, if a percentage of business rates will be staying with the councils as of April this year, it might be one step in the direction I've been outlining, but is it enough?
I strongly doubt it.
Only by implementing in full my proposals, that a more significant amount of local income remain with local Government, so that Councils have the possibility to rectify the economy within their administrative boundaries, including the payment of benefits, both housing and unemployment, and the creation of local factories and farm estates, will the British economy pull out of Austerity and bankruptcy.
These policies of mine will prevail!
Currently, the central Government pays housing and unemployment benefits, and therefore local Government does not bother assuring employment for local people, as it has no financial liability towards the results of unemployment and low wages, and does not activate any form of economic innovation, and stifles off any attempts and proposals by free-thinking citizens to innovate the economy.
So freedom of thought and spirit of enterprise are stifled off, and only corporations with bags 'a money can decide to - or not to - do anything.
Which is why all we hear is the woeful tune of "hopefully some big company will come and invest here..."
People should read some speeches from Pericles, or texts written by his contemporaries who knew him, to understand how the Ancient Athenian economy prospered.
Pericles praised the free society, where people were free to work and make the economy successful, for themselves and the City. The Athenian society was not perfect, but was based on principles of freedom and participation in both Government decisions and in the economy
What we have is, by comparison, a mixture of North Korean - corporate - banking run system gone bankrupt, and massively centralised both by the State and the big-time corporations.
The Chancellor Osborne, with his insane centralised Austerity, is just an imitation of the North Korean system, which has inflicted Austerity on its people and economy.