My kids call me Grom (Grumpy Old Man). OK, pedants will know that ought to be GOM, but a Grom sounds grumpy. I started building internet businesses in the 1980s and these days invest in other peoples' start-ups. Now that less of my life is about to happen than has happened, I've got a lot to get off my chest. This blog is a series of posts about things that annoy me, things that excite me or things that just need to be said. Grumbles of a Grom... Grombles
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I've been shouting increasingly frequently at idiots in the press and on TV who believe that if we leave the EU, the rest of the world will buy more of our stuff.
Don't get me wrong. They're a brilliant invention to assist automation and prevent screwdrivers from slipping off screw heads - damaging furniture, paintwork and fingers in the process. Interestingly they weren't invented by Mr Phillips at all, but by a John P Thompson who sold Mr P the idea after failing to commercialise it. Mr P, on the otherhand, quickly succeeded where Mr T had failed. Incredible isn't it. You don't just need a good idea, you need a great salesman and, more importantly, perfect timing to make a success out of something new. Actually, it would seem, he did two clever things (apart from buying the rights). He gave the invention to GM to trial. No-brainer #1. After it was adopted by the great GM, instead of trying to become their sole supplier of Phillips screws, he sold licenses to every other screw manufacturer in the world. A little of a lot is worth a great deal more than a lot of a little + vulnerability (watch out Apple!). My gromble is abo
I'm confused. Brexiters argue the Germans, Italians and French will still want to sell us their cars, so continued free trade with the UK is in their best interests. But we'll have to negotiate this (with an EU unwilling to make leaving easy) by threatening to make their cars more expensive for British people to buy. We'll do this because WE need to make imports more expensive to try to restore our balance of payments. Are Brits prepared to pay more for their Audis, Fiats and Renaults in order to make British cars more appealing, or do Brexiters want to pay more in order to punish them for taxing our insurance and banking products? Either way, imports will cost more. While in the EU, we buy their cars because we like the choice and don't want our own government to tax them. Indeed it would be better for British car manufacturing if we went back to the good old days of being encouraged to buy cheaper British cars (made by foreign owned factories). Is that what Brexite