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Obsessions about recessions and depressions.

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Posted by jk: Thu Jan 24th, 2013 07:22

1^st Post

Obsessions about recessions and depressions.
I read this article on the current economic situation.
http://www.bbc.co.uk/news/business-21163079

To me it all seems very obvious.
The leadership of countries and companies are worried about the wrong things!

If a company provides great products at a fair price then its products are in high demand.
If you have a system that encourages innovation and creation then new products develop very rapidly and the best are sorted out by market forces.

In a situation where the obsession is low risk, high profit and maximum extraction you end up in a mean minded corner where you produce nothing as it costs less to do nothing.

I think that since we have rampant unemployment and notional recession that we need to encourage more innovation and creative thought. I'm not talking about Ponzi schemes and the like but the genuine innovation and creation that was seen in early 20th century and after WWII.

When yousee the projects that abound in universities that have minimal funding and see large banks being fined for fraudlent actions it begs the question about the need for the financial institutions and their profits. After all banks only borrow your money to lend to others!

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Posted by Bob Bowen: Thu Jan 24th, 2013 07:47

2^nd Post

Here here JK. Maybe the massive fines should be redirected to R&D at Unis and public projects not to pay for the enforcers

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Bob Bowen

Posted by jk: Thu Jan 24th, 2013 11:18

3^rd Post

Bob Bowen wrote:
Here here JK. Maybe the massive fines should be redirected to R&D at Unis and public projects not to pay for the enforcers
I would definitely support that as it will be better spent looking for new technologies to serve people that providing more bonuses for the champagne charlies!

Also it would generate a large number of extra jobs in the science, engineering and technology sectors which would be filled by young people.

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Posted by Squarerigger: Fri Jan 25th, 2013 12:07

4^th Post

Some common sense comments here. I don't claim to be very savvy when it comes to economics but I have noticed one very troubling thing in the US. Every time I see a small company which does a product very well at a reasonable cost, some larger company buys them out and we go right back to poor product higher cost.

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Gary

Posted by jk: Fri Jan 25th, 2013 15:25

5^th Post

Squarerigger wrote: Some common sense comments here. I don't claim to be very savvy when it comes to economics but I have noticed one very troubling thing in the US. Every time I see a small company which does a product very well at a reasonable cost, some larger company buys them out and we go right back to poor product higher cost. I have a very 'stupid' notion that says that no company should be larger than 10000 employees. Actually I only surmise this number as a largest possible company that adds value that does everything itself. If it outsources then 1000 is a better number.

Totally impractical I hear the screams from the side.

I also advocate equal shares of any profits to all staff. So the cleaner gets the same profit bonus as the CEO.

Once again the screams go up but the reality is each does their job to the best of their ability. The fact that the cleaner gets £$â‚¬20000/year compared to the CEO who gets £$â‚¬250000 is not relevant if they all perform to the same level then the profits should be shared equally.
However if you dont perform adequately there are also penalties which ultimately are no job for you. It has to cut both ways.

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Posted by richw: Fri Jan 25th, 2013 16:56

6^th Post

It's well documented that one of the secrets to Germany's economic success is lots of smallish but productive companies.

Thing about large companies is that they tend to move a lot overseas where they can get the work done cheaper (China, Bangladesh) whereas a smaller company will more likely use local suppliers/contacts. But even that is changing with the ease of subcontracting/sourcing via the internet, like that chap that got in trouble in the US recently for outsourcing his job to China.

http://forums.whirlpool.net.au/archive/2042236

Posted by Eric: Fri Jan 25th, 2013 17:24

7^th Post

richw wrote:
It's well documented that one of the secrets to Germany's economic success is lots of smallish but productive companies.

Thing about large companies is that they tend to move a lot overseas where they can get the work done cheaper (China, Bangladesh) whereas a smaller company will more likely use local suppliers/contacts. But even that is changing with the ease of subcontracting/sourcing via the internet, like that chap that got in trouble in the US recently for outsourcing his job to China.

http://forums.whirlpool.net.au/archive/2042236
One of my clients was a small engineering design and drawing office...they went bust. Every company engineering department has a computer with CAD...they don't need to outsource this sort of work any more.

One of my other clients refurbishes offices. He visits new customers on Day 1 and takes dimensions/ sketches and the customers requirements. He returns to his office and emails the details to his designer/CAD user who lives.........in Australia!

While my client sleeps, the Oz designer works.
When my client gets into work next morning, the finshed drawings are waiting. He then takes them to his customer on Day 2...who is SERIOUSLY impressed with the efficiency and 'depth of resources' of this company ...to be this proactive.

Clever use of the globe time zones....but not much use to local businesses who can't compete.

Of course, they could try to get work from Australian clients wanting their draughting done overnight. But I suspect Australians (and countries other than the UK) are more protective of their home grown industries!!!

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Eric

Posted by jk: Fri Jan 25th, 2013 18:34

8^th Post

richw wrote:
It's well documented that one of the secrets to Germany's economic success is lots of smallish but productive companies.

Thing about large companies is that they tend to move a lot overseas where they can get the work done cheaper (China, Bangladesh) whereas a smaller company will more likely use local suppliers/contacts. But even that is changing with the ease of subcontracting/sourcing via the internet, like that chap that got in trouble in the US recently for outsourcing his job to China.

http://forums.whirlpool.net.au/archive/2042236
In the years that I worked at BT Consulting I worked with staff from all around the globe but principally from India and China where we could get cheap programmers. These staff were excellent IF given the right direction but they had little understanding of the solutions they were coding and how they would be used.

Ethically I see no reason in the modern world why a person should not subcontract their work as long as they are responsible for its successful delivery. However putting a large company managers hat on this would be a real slap in the face as it implies that the company was mismanaging its staff. It is all about perspectives!

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