John Kay
speaker
106 appearances
4 recordings
1 series
first heard Dec 2010
last heard Jan 2013
John Kay’s voice in public audio — every appearance, attributed to the second.
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Appearances
It's something on which matters could be negotiated very easily if there was reasonable goodwill on either side to create a settlement.
And it would not lead either to Scotland being markedly worse off or markedly better off.
Scotland would plainly be economically viable as an independent country.
There is no question about that.
Indeed, when you look at the kind of profile of the Scottish economy, the similarities between the Scottish economy and the UK economy are actually more striking than the differences.
incomes per head in Scotland are really very close to the UK average.
In fact, Scotland is probably the most prosperous region of the UK outside London and the South East.
The real issue, economic issue, is whether an independent Scotland with a
a government that was completely or much more free than it is at the moment to set policies for Scotland, whether that would encourage economic growth in Scotland or hold it back, that would depend very much on how the Scottish government actually behaved.
Rise, for there is much for you to hear.
In effect, a simple way of describing what happened up to 2007... That's John Kay, economist.
..was banks announced they were making a lot of profit.
These profits were, in fact, largely illusory.
It was money that was borrowed from the future and had to be paid back.
And they paid out a very large proportion of these profits to each other.
so that they'd paid out the alleged profits in advance, and then we had to pick up the bills when it turned out these profits had never existed in the first place.
A lot of very greedy people is at the heart of it, and very poor management of very large and, as a matter of fact, effectively unmanageable organisations.
There were always two stories, really, about what these complex products were for.
One was that they were finally tailoring every individual security exactly to some individual's particular demand and appetite for risk.
And the other version was that actually people who knew a bit about what they were doing were selling on risks to people who really didn't understand them.
Showing 61–80 of 106 · page 4 of 6
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