I see on television, this morning, an advert for Sainsbury's Finance.
Sainsbury's like other businesses have jumped on the bandwagon and are trading in money. Why not? It is really the only business in town to be in. Why be a grocer with all the expense of logistics and staff? Why make steel or automobiles with the high costs of modernisation, infrastructure etc when you can sit in air conditioned offices and trade money on your computer. Why does anybody do anything else? Even Virgin are now a Bank.
It is time for the Government to stop all these parasitic finance companies from springing up with their usurous charges. It is time for the Government to make money trading unprofitable. It is time for steelmaking and manufacturing to be made attractive ways of making money, creating real and MERITED wealth.
Wednesday, 7 March 2012
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