paralysed by risk aversionI am about to hand over the reins to my successor at a time when I find the economy in a state of paralysis as a result of a complete lack of self confidence. Not what I had in my plans at all. The log jam in our collective logic is that we are in deep recession and no one dare move less we fall off the cliff of reality. Surely we did that some time ago when the Banks went to hell in a hand basket and the price of our most treasured commodity went from near $150 to $30 a barrel in what seems like minutes.
So why have we elected to be so pious now that everything is already down the pan? Perhaps we have started to read and believe our ever helpful Press who delight in the gloom of the current cycle of despair. The media almost to a man seems to have presumed that there is no way forward - no way out of this mess. Perhaps we are all in dire straits and there is no hope but, just perhaps, we are not looking in the right direction and seeing the way forward. It is easy for me to say that I hear you say but as I step into the world of hard reality and no job, I have no wish to leave you all behind in the vacuum that no confidence and no lending from the Banks has left. There is no such thing as risk if you do not take any. If we don't trade we are truly destined to deliver the prophecies of our friends in the Press. I know the Banks are looking after our interests now that we are paid up shareholders, like it or not, but surely they will never repay our bail-out if we have no economy from which they can gain revenue streams, therefore margins. At some point something is going to change. Confidence will return but must we wait for it to be an act of God - I don't think so. We just need an act of collective faith - some of us must step forward and take the risk. Let them not be alone . . . Come on Scotland, come on UK. We have been in the mire before but we are sure going to stay in it this time if we don't get our self belief back. No action is hardly a plan after all.
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