Every business start up is a risk. A calculated one, but a risk all the same. Without risk there would be no businesses in this country. The whole economy would be run by the public sector, where risk has always been a dirty word. The left don't understand how business works, mainly because most of them have never had the balls to start one. How many Labour MPs, for example, have run their own business? I rest my case. I've been involved in a several business start ups over the last twenty years. All have involved risk. If any of them had gone wrong investors stood to lose money. Risk is only ever bad when someone invests more money than they can afford to lose. It then moves from risk to betting. And that's what happened in the banking sector.
Andrew Sparrow tried to insinuate that the 2005 Tory manifesto promoted unnecessary risk in the City, when it did nothing of the sort. It actually said...
The best guarantee of future prosperity is a dynamic economy. The growth of China, India and other Asian economies poses a direct challenge to our future competitiveness. New technology and the speed of global capital flows punish the inflexible and the sluggish. We need to reward risk-taking and innovation so that Britain becomes the best place in the world to start and to grow a business.If Labour and LibDem MPs couldn't sign up to that, we are in even bigger trouble than I thought. And if Conservatives have an issue with that last sentence then we might as well all give up and go and live in the People's Republic of North Korea.
It may shock Andrew Sparrow and his Guardianista friends to know that I hope the 2010 manifesto says exactly the same thing as the 2005 one did. Are you thinking what I'm thinking?