"I have a cunning plan."I've been running some Baldrick economic theory round my head lately and I think it is fair to say that my proposal, outlined below, probably makes as good sense as anything our so-called political/business leaders have come up with. So here goes.
We all start spending our arses off. Every single man, woman and child spends as much as they possibly can starting now. Not cash mind, but credit funded (where you can get it obviously). Credit cards, store cards, whatever - get them up to their limit. PLEASE remember to hang onto some cash! You will need to eat after all. This is credit spending we are after.
This massive increase in spending generates huge demand for goods - doesn't matter what. Try not to spend on holidays but on consumables - the more the better. Upgrade everything you own. New car? Go for it! Caravan? Why not. What do you mean you don't own a 600" widescreen, plasma TV? It's your duty to go and buy one - NOW. Go from a PS2 to a Wii. Fuck it - buy 2 and give one to your neighbour.
This demand is then passed onto our flagging manufacturing industries both here and abroad. Hey presto! Factories can't produce enough so they have to hire workers and expand their businesses creating jobs and rebuilding that elusive "confidence". Shareholders become less angsty and so on as profits start to re-emerge. Still with me so far?
Now, you start to get the bills in but DON'T PANIC. And this, I think, is the genius part. You can't pay the bills so what do you do? Easy. You enter into an IVA! But it won't just be you, it'll be everyone. So what happens? Our creditors have to start writing off tons of debt using their Magic Debt Eraser™. It's kind of like the Government Bank Loan Black Hole™ but it applies to the little people. So, no more bills - whoopee!
This massive increase in IVA requirements generates, you guessed it, more jobs within the finance industry. More jobs means more lovely cash sloshing around the economy which, of course, will mean more profit to keep the shareholders and owners happy plus spare cash for the workers to spend on
Now. All that old shit you just upgraded has to go somewhere doesn't it? It can't go in the ground 'cause we're just all so environmentally friendly these days. So we have to recycle it somehow. Bingo! More jobs in the recycling industry which needs more workers which means more money, etc.
There will come a point - I like to call it the IVA Interregnum™ - where we will be able to start to pay our bills again because my amazing model will have made everybody rich through the power of market-driven consumption. So we will have to do the right thing and pay up for the profits. But thats OK as we will just drop back into the loop and miss out the IVA stage.
...Hold up a mo', did I just describe capitalism? And that seems to be a bit 'broken' at the moment. Bugger. Plan B anyone?


















