David McWilliams
๐ค SpeakerAppearances Over Time
Podcast Appearances
Right?
Okay.
And less than 6% of those companies have profits of over half a million.
So what we're talking about, Ireland is populated by a very small amount of very small companies living side by side with a very small amount of enormous American companies.
And if we were to end up like Denmark and be healthy, we would have to create, this is an extraordinary idea,
380,000 new companies to replace that.
So what I'm saying is we are very, very fragile.
And again, I come back to the snapshot of Ireland's population in 1840.
The population of 8 million looked like a sign of success, but in actual fact, history tells us that it was actually a sign of unbelievable fragility.
Yeah.
And I'll just end, when you talk to government circles...
There's no urgency.
They're like, it'll be grand.
Say nothing.
There's a great book, I think somewhere around here, called Sleepwalkers by a guy called Christopher Clarke.
And it's basically about the origins of the First World War.
And it talks about the Prussians, the British, the French, the Russians, the Serbs, all the elites of these countries, the Austrians as well, of course, kind of sleepwalking into catastrophe.
Every time there was a warning, they said, oh, it'll be grand, don't worry, it'll be fine.
And again, I'll conclude here with this image, John.
Slightly overweight people, sleepwalking into a catastrophe.