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Tuesday, August 03, 2010
Vince: Coalition a "Business, not a Marriage"
I interviewed Vince Cable tonight. He described the coalition as a "business, not a marriage". Hmmm. A business is rather easier to wind up than a marriage!
A business partnership is governed by a partnership agreement which spells out what each partner brings to the business, be it know how or capital, and what they can take out, as salary or profit share. Also on what grounds and terms the partnership can be dissolved.
What the partners don’t get is the protection of limited liability, so each is fully liable ‘down to the last cuff-link’ for the debts run up by the other if the business goes bust.
I agree with Vince that this is the right metaphor for the Coalition.
Seems a sensible riposte to the Davis remark and all the other hoopla.
Check the divorce rate. Marriage is not that difficult to dissolve.
A partnership can indeed be unlimited liability, but businesses can be limited liability and if one goes bust the owners can always set up in business again.
Quite frankly having seen Simon Heffer ranting for the second time in a week against the coalition I think I would prefer to have Cable on my side when it comes to doing what is right for Britain
Don't you love it when people who have had no experience of risking their own money in a business venture or who have ever had other peoples livelihoods directly dependant upon them - talk about "business"?
I can't help thinking that "a marriage of convenience" is a more apt description of this coalition.
And when was the last time you wound up a marriage Iain. Your talking shite on a subject you know nothing about. Marriage is easy to dissolve, business ties not so.
Vince is very uncomfortable with the coalition, given that he is a socialist and really a member of the Scottish Labour mafia. His comment betrays the fact that he recognises that he has been bought and sold into an arranged marriage.
What is so hard to understand about this? The Coalition is an fixed-term agreement that secures a majority for a government. Labour is in coalition with Plaid in Wales, but doesn't mean that those two parties are merging or permanently aligned.
Once again someone, George this time, misreads I think Cable.
I don't like him, he is somewhat over rated as a politician and sage. But he defended the budget robustly enough and he is currently doing more for Britain than the odious Heffer.
Cables remarks were quite a clever leger de main riposte to the rubbish from Davis. Maybe he is learning on the job.
"A business is rather easier to wind up than a marriage!"
ReplyDeleteNot in my experience.
Insolvent.
ReplyDeleteA business partnership is governed by a partnership agreement which spells out what each partner brings to the business, be it know how or capital, and what they can take out, as salary or profit share. Also on what grounds and terms the partnership can be dissolved.
ReplyDeleteWhat the partners don’t get is the protection of limited liability, so each is fully liable ‘down to the last cuff-link’ for the debts run up by the other if the business goes bust.
I agree with Vince that this is the right metaphor for the Coalition.
Correction - government has no cufflinks. Government has only that which it takes from us. They don't go bust - we do.
ReplyDeleteIsn't that how John Redwood used to describe the EU?
ReplyDeleteSeems a sensible riposte to the Davis remark and all the other hoopla.
ReplyDeleteCheck the divorce rate. Marriage is not that difficult to dissolve.
A partnership can indeed be unlimited liability, but businesses can be limited liability and if one goes bust the owners can always set up in business again.
Quite frankly having seen Simon Heffer ranting for the second time in a week against the coalition I think I would prefer to have Cable on my side when it comes to doing what is right for Britain
Don't you love it when people who have had no experience of risking their own money in a business venture or who have ever had other peoples livelihoods directly dependant upon them - talk about "business"?
ReplyDeleteI can't help thinking that "a marriage of convenience" is a more apt description of this coalition.
And when was the last time you wound up a marriage Iain. Your talking shite on a subject you know nothing about. Marriage is easy to dissolve, business ties not so.
ReplyDeleteMummy x
It is more like a commercial transaction with payment up front. What does that make the Limpdims?
ReplyDelete... but who is Mr Rolls and who is Mr Royce...?
ReplyDeleteI think he means the coalition is a matter of the head not the heart!
ReplyDeleteVince is very uncomfortable with the coalition, given that he is a socialist and really a member of the Scottish Labour mafia.
ReplyDeleteHis comment betrays the fact that he recognises that he has been bought and sold into an arranged marriage.
What is so hard to understand about this? The Coalition is an fixed-term agreement that secures a majority for a government. Labour is in coalition with Plaid in Wales, but doesn't mean that those two parties are merging or permanently aligned.
ReplyDeleteOnce again someone, George this time, misreads I think Cable.
ReplyDeleteI don't like him, he is somewhat over rated as a politician and sage. But he defended the budget robustly enough and he is currently doing more for Britain than the odious Heffer.
Cables remarks were quite a clever leger de main riposte to the rubbish from Davis. Maybe he is learning on the job.
In a marriage, don't both parties enjoy screwing the other?
ReplyDeleteOh, now I realise what Vince means.