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Thursday, January 06, 2005

Why the FT is becoming Irrelevant

The Ft has become a neo socialist, EU loving irrelevance. I am finding it hard to believe that businessmen are actually paying money to read this kind of thing:
Rather than emulating the Anglo-Saxon business model, Europe should be looking at how Japan revived its industrial base through a pragmatic policy of co-operation between business and state.
What is pragmatic about the incredibly corrupt and ineffective Japanese method of government interference in the state? It worked when Japan was facing little competition, but is helpless in the face of globalisation. In the same piece:
But Europe must also make sure big companies are genuinely robust.
Europe could make sure that its economies are robust and leave their companies alone, but that would not play well with the control freaks that we call our leaders.

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