Carl Mortished–Too much caution will kill off the economy

We are becoming a risk-averse society and that is dangerous. If Britain is a significant power in the world economy, it is because in the past this nation embraced risk rather than shunned it.

Thousands are stranded abroad clutching buckets, spades and crumpled boarding passes. Gordon Brown is commanding gunboats to rescue the beached Britons. Why are so many Brits in foreign parts in the first place? It is only thanks to the high-risk business gambles of easyJet and Ryanair. It is also thanks to the aggressive deregulation of Britain’s airspace and its airports, a risky political strategy that made cheap travel possible for millions….

The solution to our economic problems is not to tie everything down but to unwind the screws, loosen the bolts. We want true risk-takers, those people who centuries ago might finance a ship destined for a spice island. Someone truly prepared to risk the shirt on their backs, who fears that his “monstruosity” might bite off his own head.

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Posted in * Economics, Politics, * International News & Commentary, Economy, England / UK