Science city is only way to produce future wealth and jobs

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From: Dr David Hill, chief executive, World Innovation Foundation, Huddersfield.

When natural resources are plentiful, the capitalism system works, but only for those who control capital. When natural resources are scarce and they become increasingly unavailable, capitalism only works for those who control capital again.

Therefore the winners are always those who control capital. Seems simple, but the downgrading of the UK’s credit rating (which is predicted to go even lower over the coming decade), continual quantitative easing and floating inflation expounded as a virtue by the incoming governor of the Bank of England, will create a nation that will never control capital in any significant or meaningful quantities to get our nation out of its problems. Indeed this ominous state has never been the case before and we should all be concerned.

Therefore with a stagnant economy with no tunnel, never mind any light at the end of it, our politicians have to start thinking in terms of a new long-term way forward. This is simple also, but apparently hard for our politicians and mainstream economists to grasp. In this respect the UK has no economic strategy that will drive it forward one bit against the backdrop of the ever-growing economic might of the East and that goes equally for both the Tories and Labour Party thinking too. Therefore we have to start thinking about the long-haul (30 years or more) and where our greatest strength resides if politicians started to read and understand what history tells us. If they did, they would find that Britain’s supreme strength is that of innovation and creative thinking.

Indeed according to international studies our people’s thinking has created up to 54 per cent of the modern world. Therefore considering this ultimate strength above all other nations we should be putting in place a national catalyst that would provide our greatest strength to flourish.

If common sense prevails, this has to be in the form of a new science-city where creative thought meets to develop ideas to produce future jobs and wealth creation in the size that we shall need as a nation. Indeed this leading-edge thinking and complex would provide the new technological industries needed for this century and beyond. We have the undoubted capability here according to history and all that is needed is the political will to build such a far-reaching and world-changing centre for the people of the United Kingdom. Spending £32bn on such an endeavour would be extraordinarily far more rewarding long-term than the HS2 that both political ruling parties support and which will not provide the industries for jobs that we so desperately need after it is completed.

I just wish that our politicians would think more wisely when looking after our future and see further than they presently do.