THE BLOG

Why Didn't You Vote For Business?

27/06/2017 13:17

The shock general election result is a failure for business and for the media.

A recent poll revealed that two-thirds of 18 to 24-year-olds voted for Labour, which could suggest it was a revenge attack on the older generations who voted for Brexit. But this was an ill-informed battle with potentially irreparable damage to the economy.

The younger generation opted for the only liberal option they perceived there to be but do they understand what they voted for?

Many of them were seduced by the promise of free university places and other giveaways, forgetting that there's no such thing as 'free'. Someone, somewhere has to pay for it at some point, and it's not the Government as they don't generate income - they collect taxes. Sadly it is this very group that will, in decades to come, foot the bill for any disastrous socialist 'experiment', although they just don't yet realise it.

But it's not all due to manifesto promises, a large portion of the blame must fall with the Conservatives' shambles of a campaign. They failed to translate the most important message to the general public; what outcome would be the best for our country traversing Brexit. They didn't explain why they were the better option and alongside that managed to convince the younger generations that they don't care about them.

The media industry must also accept some of the blame. Propaganda is shared on social media to manipulate public opinion around the world, boosted by social media algorithms, as proven in a new set of studies from the University of Oxford. This shouldn't be a surprise - fake news is just another term for Propaganda. The amount of anti-Tory propaganda shared on social media to vilify anyone that might vote Tory is abhorrent, yet the same cannot be said for Labour supporters.

Labour didn't win the election, not even close, but they did succeed in their campaign by reducing the Conservatives to a minority leading government. The last time this happened was in 2010 with the Conservative-Lib Dem coalition, which didn't work out too favourably for the latter. And so the Conservative were left with a desperate plea - to form an allegiance with a party that is still dealing with its uncomfortable past. Not really what we need ahead of Brexit negotiations, which started last week, is it?

What we do need is that strong and stable leadership that was promised to us. The young voted for Labour for many reasons including a manifesto that on paper sounded fantastic, but in reality, is impossible to deliver, created by a party whose entire leadership demonstrated that not only can they not add up, but they have a shockingly poor grasp of basic economics.

It's very easy to point at the rich and blame them for your shortcomings but that top 1% of taxpayers are already paying more than 28% of total income tax. This election should never have been a fight between the rich and poor - the message 'for the many, not the few' is meaningless when the implications of Labour's manifesto would leave the country crumbled by waste, capital misallocation, lower productivity and inefficient, unionised monopolies. Their aim of hiking taxes will result in lower tax revenues as companies seek more realistic regimes - a fact long proven by the Laffer curve.

Political leaders didn't inform the general public properly about the Brexit vote and yet again they haven't properly informed them of the consequences of this general election vote.

A vote for the Tories was a vote for business. But people seem to have forgotten that a vote for business is a vote for people - without business we don't have an economy, and cannot survive Brexit. We might not be the first to leave the EU, that crown goes to Greenland, but we are the first country to do so, and a substantial country at that. What we lack in physical size we currently make up for in business and innovation.

But if investment stops then companies looking to innovate will be forced to move abroad. And so the future of our country is teetering on an edge that is neither strong nor stable.

Business leaders and entrepreneurs need to stand up and be counted. Do not just threaten to leave, provide positive communication of why you are good for our country and employment, which ultimately means opportunities for all.

You might not have voted for Brexit but Brexit is happening nonetheless so it's time we instead focus on what's best for the country. I was a staunch Labour supporter for years but I cannot get behind a far-left Labour party that is anti-business ruling our country. In order for our economy to endure our divorce from the EU we must support business.

Comments

CONVERSATIONS