Wednesday, January 11, 2006

Oh make it stop

From the paper that told you the average inhabitant of New Orleans was richer than that of inner London we now have the idea that:

"Dubai has the answer to Brown’s nightmare Britain"*

So he's suggesting that Britain becomes a tiny city state bathed in permanent sunshine situated in an area lacking other economic centres in between Europe and Asia led by a relatively enlightened Monarch with a 20yr plan? It seems impractical.

Ah no, what's he saying is it'll all be ok if we just lower taxes and let business free. The article rather comically though just lists areas where Dubai's economy is far from "free" - a fixed exchange rate, free-trade "areas" (ie the rest isn't), foreigners can now buy property, almost, the Royal Family own large amounts of the corporate sector, state planning, etc.

* Incidentally have views on Britain's future ever been so polarised? The Sunday Business believes we're in an economic nightmare, the Henry Jackson Society (through their executive secretary and media secretary) believe we are unquestionably the second most important power in the world.