The UK's National Health Service (NHS) is widely considered the single largest user of pagers in the world, with over 130,000 devices in use as of recent years. This figure represented an estimated 10% of the total number of pagers remaining globally.
It would be like SVB all over again. Small governemnt, anti bailout, pull yourselves up by your bootstraps tech CEOs on TV crying and begging for someone to cover their losses.
I don't think that is likely this time. Injecting capital to cover losses doesn't bring back the forward looking valuations so stock prices would remain down anyway. Gov isn't going to fund losses for like Microsoft.
The top 10% will not be left holding the bag. They will get a bailout by the taxpayer in some form or another, like quantitative easing (Fed purchasing) or some national security plan spending trillions. Note almost all members of US Congress, both parties, invests in these stocks heavily.
Airline CEOs, Auto CEOs, Bank CEOs have all done it in the not distant past. Eventually, you have to fly the private jet to Washington and sit at a comittee and beg.
Tech CEOs are not as special as they think they are, one day they too will be there begging, like a dog.
I think we can presume they know that and are just continuing the fun slightly snarky framing. There are also minor differences in implementation between negative taxes (credits beyond obligations which can happen in the US though they're very, very rare) and subsidies.
Why do you feel the need to "debunk" my comment especially when the data do show the decline of GDP per capita I mentioned? Of course you'll always be able to claim that I was wrong by picking a suitable baseline year... But why? My point was to highlight how the lack of growth is a big issue.
Do you have something constructive to discuss on the topic of the article?
Because its wrong. Look at the graph. it shows some years of decline (Covid and the 2008 financial crisis) but overall there has been growth over the long term.
If you are now claiming "growth has been too low" I agree that the UK's economy, like other western European economies, has been stagnant with only 7% growth over the last decade.
Exactly as predicted you are now claiming that I am still wrong by picking a suitable timescale instead of discussing the point. As already said in another comment the graph does show a decline as 2024 is still below 2019, especially with a drop in 2023 (which corresponds to the highest annual population growth on record).
I don't know why you are doing that (using narrowest possible interpretation of what I wrote to "prove me wrong" and "debunk") but you are not commenting anything constructive or substantial.
That shows a decline compared to 2019: 35,193 in 2019, 35,108 in 2024. Overall GDP is up over the period because of population growth. All as per my original comment.
> In 2015, Douglas McWilliams of the Centre for Economics and Business Research, which is based on Old Street, authored The Flat White Economy: How the Digital Economy Is Transforming London & Other Cities of the Future.
> Now, let me just quote some statistics. We have the most successful tech sector in Europe. The reason why is we are outside the Digital Markets Act, the Digital Services Act, and the AI Act, which are three European acts which heavily constrain tech growth in the EU. As a result, the thing that I call the flat-white economy ...
Digital Markets Act (2022), Digital Services Act (2022) and AI Act (2024) - these regulations are obviously totally different to the UK versions - Digital Markets, Competition and Consumers Act (2024), Online Safety Act (2023).
The reason why something was worthy of a book in 2015 is something that happend in 2022 / 2024, the car in the car section must be a delorean. There are a lot of good reasons, making stuff up makes me wonder about the validity of the remainder of the arguments.
The UK's National Health Service (NHS) is widely considered the single largest user of pagers in the world, with over 130,000 devices in use as of recent years. This figure represented an estimated 10% of the total number of pagers remaining globally.
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