Anorak | Russell Brand, Ignorant Poseur Or Just Posing As Ignorant?

Russell Brand, Ignorant Poseur Or Just Posing As Ignorant?

by | 25th, October 2013

brand paxman

SO. We’ve seen the earnestly Teenage Trot Russell Brand trot out his ignorance of economics for us all on Newsnight . This is the one line that made me cringe the most :

David Cameron said profit isn’t a dirty word, I say profit is a filthy word. Because wherever there is profit there is also deficit.

Oh Dear God that’s nonsense.

Worth just taking a leeelte moment to understand what a profit is.

We’ve a pile of steel over here, some workers there, a shed and some other bits and pieces. We’re going to mix all these things together and drive cars out of the other side of that shed once we’ve built them. If we make a profit on doing so what have we just proved?

Correct, we’ve just proven that consumers value those cars more than they do the labour of the workers, the steel and the shed that we’ve used to make the cars.

That is, profit

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Posted: 25th, October 2013 | In: Celebrities, Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink