@timrichards
It’s a great question & never discussed enough.! 🙏🏻
There are dots but no one around long enough to join them… Short-termism. A few years ago all the big LICs (Listed Investment Companies) in Australia were pointing out that as long-term investors they were there to grow value - not short-term gains. They were quite miffed to be treated the same as short term profit takers. It’s a different mindset to think ahead ten years vs next quarter. As @Salvo points out in a neat real world example down thread.

#ShortTermism #longTermInvestment #LICs #ListedInvestmentCompanies #AusPol #AusBusiness #joinTheDots #reconnectingConsequencesToCauses

@Salvo
Good example of short-termism - thanks for sharing that! 🙏🏻

#shortTermism #cutOffNoseToSpiteFace #onlyConnect #reconnectingConsequencesToCauses

@timrichards

@Lazarou I share your frustration.

It's right to go for growth — we need the cash. And they will achieve growth — but mostly for foreign companies and millionaires/billionaires.

Just as for #NHS waiting lists, their fix for the #economy is #shortTermism. Long term we'll be deeper in debt and worse off.

True growth involves supporting #UKbusiness. Things like #Corbyn's business banks.

And supporting UK business means supporting ordinary UK people: no poverty, good housing, health, education