Letters: A Keynesian bonus

Keynesian bonus from a green revolution

Share
Related Topics

These are times of enormous government investment to try to moderate the downturn. In the German recession of the Thirties about the only good thing Hitler did was to build the autobahn network, giving 5.5 million people jobs. The Keynesian "multiplier effect" from increased government spending was increased consumer spending and investment that brought the country out of the depression. We now have an even better opportunity.

There is a way to create jobs that can reduce energy costs and make the 20 per cent carbon reduction by 2020 agreed in Poland last week possible. We need to provide plastic tubing and heat exchangers to British households in an affordable way. In the US the first million ground-source heat-pumps saved between 30 and 70 per cent on fuel bills, which is the equivalent effect of planting 380 million trees. The capital costs take five years to repay, but these are staggering figures for laying plastic pipes a couple of metres deep in a garden.

Although the cost of materials and installation is still significant to the individual, surely the country can afford to take a long-term view? Why not start with housing associations and keep the utility cost saving for capital repayment, so going "green" has no immediate user impact?

Seems much less controversial than VAT changes, but maybe it is just too simple? Keynes himself said: "The difficulty lies not in developing new ideas but escaping from old ones."

Ben Havard

Saxmundham, Suffolk

Robbed again by Wall Street bandits

The current banking chaos has been caused by institutional fraud on a world-wide basis. The banks have defrauded each other and their clients. The Bernard Madoff affair is only the latest but certainly not the last financial "naughtiness with intent" scam to be discovered.

Most governments are realising that there needs to be much tighter control on unusual investment vehicles. There is a far simpler answer – ban all of these investments. The Americans will no doubt accuse everybody else of an attack on capitalism. It is an attack not on capitalism but on gangsterism.

The US is the country that gave us Capone, Luciano, Bonano, Gambino, Lucchese, Colombo and of course, Ponzi himself. In those days, at least the authorities knew who the enemy was. Nowadays, it is much more difficult because modern-day bandits are part of the establishment and their fame and power is the deterrent to proper investigation. Not the gun but financial and political "clout" is their weapon.

Richard Ruzyllo

Glynde, East Sussex

A couple of headlines caught my attention. First, Scotland has the highest prison population in Europe; and second, our bankers have given away (again) several billion pounds of our money to a man with a scam, called, improbably, Madoff. Isn't it time we started to jail the real robbers: the bankers?

Hugh Kerr

Edinburgh

For years, the line spun by the bankers and hedge fund managers has been that we must pay their inflated salaries and obscene bonuses because they were "the best of the best" and if we paid less, we'd get the B-class managers who were not nearly as good at making money.

Now that hedge funds are revealed as yet another criminal undertaking, might we enquire whether the B-class, or even the C-class, with lower salaries and mere five-digit bonuses might have tended our money more safely?

Manda Scott

Clungunford, Shropshire

Tony Paterson writes: "In Germany, few people have to get out their history books" to understand the connection between economic and political crisis in their country ("Why spendthrift Brown is scaring the Germans", 12 December). He should, though. Contrary to his depiction, the "wheelbarrow" hyperinflation took place some six years before depression really took hold.

Meanwhile, there was a period of some stability, associated with the introduction of, first, the Rentenmark, then the Reichsmark. The latter was not the currency in the wheelbarrows.

He is correct that the inflation and the depression left deep scars, contributing both to National Socialist takeover and to post-war economic attitudes.

Jonathan Osmond

Professor of Modern European History, Cardiff University

How long before we see the caveat "The value of investments can go up as well as down"?

Chris Hazell

London W2

Stop ranting against religion

Nigel Stone and Richard Erskine ("Do world faiths deserve respect?" 11 December) no doubt see themselves as cool, dispassionate, analytical thinkers, but their language betrays them: "delusion", "superstition", "frightening children", "howls of anguish" – the same old simplistic aggression, the usual atheist shock-jock splutter. For most of us the debate moved on many years ago.

Does Mr Stone really believe that every single Muslim advocates genital mutilation, and every Christian discriminates on the basis of sexual orientation? And how would the rationalist Mr Erskine counter the argument that the rational way out of our present difficulties is euthanasia for all those unable to be of economic value to the state? He can only reject that position in terms of human values – which are a matter of faith.

As a humanist myself, I question many aspects of religious practice; but I recognise religion as a complex, deep-rooted, permanent aspect of humanity, often flawed but often also beneficial. We need to unpick the interplay between cultures and the faiths they contain, and understand how they are shaped by the economic frames within which they operate. A faith may mould aspects of a culture; more often a culture moulds its faiths. But all faiths and cultures are a debate between many strands: as economics and politics change, different strands come to the fore.

This is serious stuff: people's lives are at stake. There's no room for ranters. If people are too impatient to grapple with the complexities, is it safe for them to enter the debate?

Robert Bunting

Bishops Castle, Shropshire

Treat league tables with caution

Your education editorial "A Wind of change in Europe" (4 December) seems, to say the least, simplistic. Judgements based on university "league tables" need to take careful account of the criteria; if these are chosen to favour anglophone universities, it will be no surprise that those universities occupy the top positions.

Nor is it clear that state control stifles innovation. Almost every university system on the European continent has recently been subject to rapid and drastic change. Indeed, the danger with state control would seem to be the imposition of ill-considered innovations that are based on political expediency and which run the risk of being reversed by an incoming administration with different priorities.

For all that, such is the quality of decision-making in British universities that I have recently started to wonder whether the system would not be better run directly by the state. One look at the politicians is, of course, enough to disabuse one of this fanciful notion, but British universities would do well to abandon some of their parochial complacency, while those elsewhere in Europe should be extremely cautious in adopting Anglo-Saxon practices merely on the basis of a couple of meaningless "league tables".

J A Dunn

Bologna, Italy

The full story of an MMR inquest

On 2 December you reported in great detail that a healthy baby died following an MMR vaccination. The article discussed the opposing sides of the argument put forward by health professionals and the child's family. But the story remained open insofar as the coroner was expected to take three days of evidence before making a ruling.

Two days later the coroner reached a verdict. He decided that the MMR played no part in the death of the baby. The story that you reported seeds doubt again about the safety of the MMR vaccination but the conclusion of the story would reassure that this is not the case.

This is the kind of reporting bias that whipped up the MMR crisis in the first place.

Dr David P Stansfield

London E14

Accidental deaths in Afghanistan

Alan Searle (Letters, 28 November) writes: "So maybe the next time the Pentagon puts up a drone, guided by a computer-gamer-turned-soldier in Florida and [bombs] a wedding party in Afghanistan, we should all stop for a moment and think about how we would feel if we were on the receiving end of that missile". This description is flawed in every aspect.

Firstly the "computer-gamer-turned-soldier" is actually an aviator in the US Air Force. He flies the aircraft remotely from Creech Air Force Base in Clark County, Nevada. The Afghan wedding party that was "bombed" was in fact engaged by direct fire from a manned AC-130 gunship with a typical crew of 13. This aircraft was acting in direct support of a Special Forces operation which was in close contact with the enemy, unfortunately in the vicinity of the wedding party. They were not bombed, nor hit by a missile fired from a drone, but most likely killed by direct fire from a 105mm cannon.

I would have to agree that if I was part of the wedding party which was attacked in 2002 I might indeed be unhappy. However, if I stood in my back garden in London at night, two doors down from a property at which terrorists were engaged in a pitched battle with the SAS, I might have more sense than to press ahead with my planned garden party. I certainly wouldn't chose to close the event with the celebratory act of discharging fully automatic assault weapons into the air towards the circling helicopters.

The message has now got round in Afghanistan that casually discharging weapons towards allied aircraft is a life-shortening experience and we have had no repeat of this incident.

Alistair Philip

High Wycombe, Buckinghamshire

Mystery of the missing children

Robert Verkaik's report (10 December) on the disappearance of children from care is very welcome. A quick glance at the Missing People website provides further evidence that some children go missing, and have remained missing, for long periods of time. An emerging trend has been the increase in such children from overseas, often entering the UK via the asylum process.

What is deeply frustrating is that in 2008 the authorities are still unable to provide a reliable count of the number of children who are missing from either home or care.

Geoff Newiss

Director of Policy and Research, Missing People

London SW14

Briefly...

Putting the boot in

You describe the shoe-throwing attack on President Bush at his Iraqi press conference as "a demonstration of severe disrespect, by the standards of Arab culture" (report, 15 December). Would this be in contrast to Western culture, where such a deed would be regarded as an act of great honour and friendship?

Daoud Fakhri

London SW16

Doctors driven away

I have been a GP trainer for 15 years. The current cohort of newly qualified GPs are the most gifted I have seen. They will not make the mistake of working in "supermarket" practices (letters, 13 December). They will be going abroad to Australia, New Zealand, Canada and the USA, countries that are continuing to invest in traditional general practice. In this country the Government is hell bent on destroying it, as it did the dentists.

Dr Anthony Tollast

Portsmouth

Capital crime

Guy Keleny (Errors and Omissions, 13 December) says that only "some periodicals, some literary and artistic works and some rock groups" need a definite article spelt with a capital T. In a long civil-service career I was always told that for any reference to our sovereign, the correct form was "The Queen". So where does that place her majesty? As an artistic work, I guess.

Bill Quantrill

Bradford-on-Avon, Wiltshire

Dance in the Forum

Unless you regard shopping, praying, public oration and debate as a blood-soaked experience then perhaps you would agree that it is unfair to equate the "red in tooth and claw nature" of Strictly Come Dancing with the Roman Forum (leading article, 15 December). Even if you meant "arena" or "coliseum" you omitted to mention that popular democracy could even then be denied by the direction of one imperial thumb.

Wayne Rozier

Fleet, Hampshire

Language of youth

Youth-speak (letter, 16 December) is full of oxymorons. I have never quite recovered from a children's display in the church hall on the theme of "God is - - -", the most distressing being "God is wicked!" Does inflation now render that "well wicked"?

The Rev Peter Sharp

Penrith, Cumbria

React Now

Latest stories from i100
Have you tried new the Independent Digital Edition apps?
iJobs Job Widget
iJobs General

Recruitment Genius: Sales Executives - OTE £60,000

£25000 - £60000 per annum: Recruitment Genius: Are you passionate about Custom...

Recruitment Genius: Care Workers Required - The London Borough of Bromley

£15000 per annum: Recruitment Genius: This homecare agency is based in Beckenh...

Recruitment Genius: Sales Executives - OTE £50,000

£25000 - £50000 per annum: Recruitment Genius: Are you passionate about Custom...

Recruitment Genius: Sales Executives - OTE £50,000

£25000 - £50000 per annum: Recruitment Genius: Are you passionate about Custom...

Day In a Page

Read Next
Polish minister Rafal Trazaskowski (second from right)  

Poland is open to dialogue but EU benefits restrictions are illegal and unfair

Rafal Trzaskowski
The report will embarrass the Home Secretary, Theresa May  

Surprise, surprise: tens of thousands of illegal immigrants have 'dropped off' the Home Office’s radar

Nigel Farage
Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas