Welcome to my latest current affairs post. You’ll find at least four a week at Beyond the Blog. Click here for my fiction, poetry and essays.
Britain’s Labour Party seems to have a young pretender in little David Miliband. Not exactly saying he’s going to challenge Brownski for top job, we all know, from his smile, that he is. And they know it.
Some Cabinet Ministers are rallying around the PM.
Only some. A memo comes to light from Ex-PM Tony Blair, speaking of Brownski generating ‘hubris and vacuity’.
Well, most of them are on holiday at the moment, preparing for the next round of back-stabbing politics come September. Of course, it will be pure theatre, and it will fill the headlines, and another purpose.
It will keep stories of economic decline off the front page.
One area of Big Biz IS suffering from the economic downturn.
This is air travel. British Airways, for instance, expect profits to nosedive by 90%. As for smaller airlines, they are highly likely to go under.
Which is interesting. The present economic climate seems to be affecting smaller Big Biz more than huge Big Biz, and if this trend moves to other sectors, what would be the result? Well, huge Big Biz will just survive, and be in place to reap huge profits when it’s over, and keep new smaller Big Biz from doing business.
In effect, we could be witnessing a global cull of smaller Big Biz, with only super companies surviving. And in this process, the last vestige of capitalism will have disappeared – competition.
© Anthony North, August 2008
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