Letting the country down!

moulesy
moulesy Forum Participant Posts: 9,402 ✭✭✭✭✭
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edited December 2016 in General Chat #1

According to an IMF report as relayed on Today this morning, the UK stands 152nd in the world (between Bosnia and Madagascar) in terms of private companies financial contributions to R&D (as a % of GNP). A new university based R&D scheme has won financial
support from the government and China & Singapore, but attracted from private British companies precisely £0.00.

Surely this is a disgraceful sign of the way the private sector regards its responsibilities to the country? Huge profits, huge salaries for those at the top, but what return for the country as a whole? Sad

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Comments

  • Rocky 2 buckets
    Rocky 2 buckets Forum Participant Posts: 7,101
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    edited December 2016 #2

    Private enterprise proving not to be very enterprising M. Foreign Countries proving to have more confidence in the Bitish people than our own captains of industry. I dare say in the future those very captains of industry will be calling for-'a level playing
    field' to help them make their big profits/big salariesSad

  • brue
    brue Forum Participant Posts: 21,176 ✭✭✭✭✭
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    edited December 2016 #3

    Here's the BBC article see here. 

  • moulesy
    moulesy Forum Participant Posts: 9,402 ✭✭✭✭✭
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    edited December 2016 #4

    Thanks, brue. I really must try to get to grips with this link posting thingy! Happy

  • brue
    brue Forum Participant Posts: 21,176 ✭✭✭✭✭
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    edited December 2016 #5

    You never know the bright new web site might have had some R&D !!Laughing

  • moulesy
    moulesy Forum Participant Posts: 9,402 ✭✭✭✭✭
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    edited December 2016 #6

    Not sure the Chinese are investing much in the CC though! Wink

  • Oneputt
    Oneputt Club Member Posts: 9,144 ✭✭✭
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    edited December 2016 #7

    Another IMF fantasySurprised

  • moulesy
    moulesy Forum Participant Posts: 9,402 ✭✭✭✭✭
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    edited December 2016 #8

    Another IMF fantasySurprised

    What makes you think that OP? The figures speak for themselves and, of course, the "league"position is surely a reliable guide? 

  • Kennine
    Kennine Forum Participant Posts: 3,472
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    edited December 2016 #9

    ON reflection on the thread title 

    Letting the country down!

    IMO the people who are most letting the country down are the doom mongers and those who keep talking this country down. 

    We have a good country called the UK - it's not perfect but - it's all right.  It deserves better than at every turn somebody is saying how rubbish it is.  

    Cheers..................K

     

  • Bugs
    Bugs Forum Participant Posts: 480
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    edited December 2016 #10

    Getting back to the topic introduced by the OP.....

    R&D is vital in the field of innovation and it has to be disappointing that our private sector apparently cannot see that, but choose to spend their profits on other things instead.

    So overall, yes I agree in that respect they are letting the country down.

    Cheers

    Bugs

  • KeefySher
    KeefySher Forum Participant Posts: 1,128
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    edited December 2016 #11

    Getting back to the topic introduced by the OP.....

    R&D is vital in the field of innovation and it has to be disappointing that our private sector apparently cannot see that, but choose to spend their profits on other things instead.

    So overall, yes I agree in that respect they are letting the country down.

    Cheers

    Bugs

    Yes but.. if they spent on R&D their profits would be higher over the longer term. Short termism, avarice and greed are not good traits.

    Lack of leadership is another factor, as alluded to by K above.

  • Rocky 2 buckets
    Rocky 2 buckets Forum Participant Posts: 7,101
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    edited December 2016 #12

    KS, above is Bugsy's post, not K'sSad

  • Merve
    Merve Forum Participant Posts: 2,333
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    edited December 2016 #13

    Perhaps this is the reason that the country is owned by Foreign Powers?? 

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