Chapter 1483 – A New System
Hepburn opened the door and with her other hand, she directly shunted a pair of slippers and changed them for the man in front of her, “I thought you said you’ve been busy lately? Preparing information for some meeting.”
“Even if I’m busy, I have to come over to see you.” Alan Wilson changed his appearance of supreme authority, living as a big licking dog, in front of the ball flower directly open licking, “That kind of thing, which is not as important as accompanying you.”
“Just know to say good words.” Hepburn tried her best to manage her expression to prevent a smile from appearing to sweeten the man’s deal, “I really don’t know how much ecstasy you filled me with back then, I can’t believe that you got your hands on me for the rest of my life.”
“It wasn’t really that hard, if there was a man who took you even one percent as seriously as I did, Hocus Pocus would be me.”
Alan Wilson hemmed and hawed, “God is so partial to me, if I didn’t still have to benefit society, I would want to apply to be a test subject for nuclear testing.”
“The more you say, the more outrageous it gets.” Hepburn shook her head with a reproachful face, and then gently jumped to be steadily picked up in the arms of the man who entered the door, and the two entered Hepburn’s boudoir.
Hepburn can see that the man has troubled, from Alan Wilson came in will be extremely gentle, hope to dissolve the depression, “is not the work of Whitehall has difficulties.”
“There are difficulties but not in London, but in Washington, in fact, I have always been very puzzled by the Americans to Japan that kind of very breathless tolerance, they are not a continental country, can not be like a sea country as realistic some?” Alan Wilson began to than rant, very upset with the country made up of British immigrants.
A trade war that could drag on for two years, during which time the automobile industry was also exempted, and only steel and electrical appliances were curbed, all because Britain did its best to persuade the United States that it should do it sooner.
Otherwise, the United States still regard Japan as a parent, from the fifties Japanese textiles imported into the U.S. market, until the nineteen seventy-two only to force Japan to compromise. It took more than a decade of tug-of-war over a single textile product. I really don’t know what the decision-makers in Washington were thinking.
As early as two years ago when the oil crisis broke out, clearly have said, take the opportunity to cut off Japan’s future development, after two years have passed, only to obtain a strong consensus in the field of electrical appliances and iron and steel two areas, ready to start from a position of strength and Japan to talk.
But more than twenty years of textile tug-of-war, it seems that Alan Wilson should also feel satisfied with this.
But what he most wanted to take out was Japan’s chips and cars, which are both areas that Britain is focusing on, and the United States let Japan off the hook, which made him think more than a little bit that the United States was still trying to use Japan to contain Britain.
Shipbuilding industry the United States has never laid hands on Japan, not even mention, because the United States simply do not have a shipbuilding industry, civilian shipbuilding industry launched tonnage, are not as large as the United States launched warships tonnage.
Japanese shipbuilding would only threaten Britain, which also boasts a shipbuilding industry, so the US has always acquiesced to Japan creating competition for Britain, and anyway, the US doesn’t care at all if it doesn’t have the industry.
Especially automobiles, Allen Wilson especially wanted to take out Japan’s automobile industry, automobiles from the value of far from any other industry can not be compared, from another point of view, this is a mobile real estate industry, the car and house are the big things in life, these two things for many people are side by side.
The fact that the automobile industry can support Germany and Japan is an indication of how outrageous the industry is, but unfortunately, he has been communicating with Washington, and yet the U.S. is still taking the automobile out of the realm where it should be curbed. Now he was very confused, was the United States the defeated country in the Pacific War?
Hepburn made a cup of black tea and kept her patience as she listened to the man complain, while this was childish some times, it had pleased Hepburn to be at the top of his game as an officer and still come to her to sulk.
“While I don’t think that it’s a good idea to put curbs on other countries, I hope you succeed. It’s actually nice to see more of the side that’s making progress.” Hepburn whispered softly, relieving the head of Whitehall.
“The reasoning is such a good one.” Alan Wilson sighed, “A lot of the traditional industries are no longer enough to support the country at this point in time, there are only a few emerging industries, and there are still so many competitors, and when it comes to the emerging industries, I’m most optimistic about the chip, and Japan is a strong competitor.”
In the final analysis, the United States still think that they are enough to control Japan, this to can not be said to be wrong, the latter day the United States also feel that they have the experience of successfully dealing with Japan, as much as they can control another it.
He just did not expect, have their own reminder, Washington still can not break through their own to the world at large to set up a benchmark for the country’s ideological steel seal, not willing to lay down a hard hand to abolish Japan. It is in some already not very profitable industry, let Japan know difficult to retreat.
If this had been Britain, and it hadn’t managed to get inside the protective shell of the EEC, it would have been targeted by the US and hung out to dry.
After Hepburn here to get comfort, Alan Wilson adjusted the mood, in the next day to 10 Downing Street to report on the work, Hepburn is right, the United Kingdom is not unproductive, although the United States is still dragging its feet as usual, but the investigation of Japan’s home appliances and steel to start, has been years earlier than in history.
The most critical battleground, on the other hand, is the international financial conference after Bretton Woods, which will be held soon, and in the past two years Britain has been pulling Germany and France to their side, forming an alliance against the yen alone, which is not strong enough to talk about because it is only against the yen, and each other is a rival to each other.
To this end, Whitehall had been preparing for a long time, involving a myriad of macro and micro reports, which Harold Wilson, as Prime Minister, could never understand anyway.
Harold Wilson received the Whitehall report, then a face of putty, “a large number of traditional industrial sectors decline, production stagnation, a large number of unemployed, is a kind of structural crisis caused by the imbalance of the industrial structure; in the countries prevailing in the long term of inflation and credit inflation, is also a kind of structural crisis, they are due to the money supply and the actual needs of the circulation of goods, respectively caused by an imbalance between the supply of money and the actual requirements of the circulation of goods, and by an imbalance in the ratio of the size of credit to the size of social reproduction.”
“So what are Whitehall’s recommendations?” Harold Wilson put down the report inquired, reading such a report that was like a book in heaven, it would be better to ask directly.
“Coal and steel honestly can no longer hold up the current added value. We do everything we can to improve efficiency, but we still have to face the fact that these two industries will gradually become negative assets and a burden on the British economy. There should be an attempt at downsizing. Or industrial restructuring to replace some of the industries that use coal.” Alan Wilson organized the wording, because these words the prime minister certainly did not want to hear.
Development to this time, Britain can be like the nineteenth century to engage in textile industry? Obviously can not, a shirt only how much money? It’s not like the French. Coal and steel also belong to this category, the added value compared to the cost of expenditure, is already a negative asset.
It was only in the last two years of the oil crisis that the UK got Harold Wilson reelected on the back of North Sea oil and Middle East influence.
It’s not that the UK is running as fast as it should be, and the UK is not as good as it used to be, but the rest of Europe is in recession, and the UK shines when you compare the two.
“Alan, this involves the livelihoods of many citizens.” Harold Wilson wondered, he understood what Alan Wilson meant, but he had only just been re-elected. Although the new leader of the Conservative Party, Margaret Thatcher, did say she wanted to be more competitive, he was the Prime Minister of the Labor Party, and when it came to that, “Whitehall can always be neutral.”
“Of course, Prime Minister, Whitehall will be strictly neutral.” Alan Wilson sighed in his mind and gave a solemn assurance that it seemed coal and steel could only look to the wisdom of posterity.
Since nationalized coal and steel could not be negotiated, that left the other question, and if there was a one-hundredth part possibility of not working for it before, it was now necessary to accomplish the British purpose. It is the Jamaica Conference to be held soon, after the oil crisis, countries have just recovered, there has been a basic stabilization of growth, this time is the most appropriate, especially the United Kingdom to a certain extent escaped the oil crisis, this meeting is held at the right time.
Harold Wilson knew that this head of civil service would not say this for nothing, and no longer playing hide and seek, “Straight to the point, is not want to participate in this meeting.”
Alan Wilson nodded his head, the prime minister nodded his head after a moment of contemplation, “But when the time comes, I hope you can promise me one thing.”
“What is it?” Alan Wilson frowned slightly, feeling that things were not so simple, otherwise what could not be said directly?
“Can’t say it now. But you should promise first.” Harold Wilson pretended to be mysterious, then eyed the other party nodding before saying, “As the head of the civil service, you deserve to have the qualifications to participate in this meeting, and Callaghan as the Chancellor of the Exchequer should also go along.”
“We will definitely be able to get the benefits Britain deserves.” Alan Wilson is full of confidence, the future of the international financial order can not have a place for Britain, depends on this meeting.
Stagflation is caused by the imbalance between the money supply and the actual need for the circulation of goods as well as the disproportion between the size of credit and the size of social reproduction, respectively. The increase in the imbalance of development in the world economy has led to the disintegration of the international monetary system.
The establishment of a new international monetary system is imminent, now can no longer continue to deal with the old system, the Bretton Woods system should also have a formal international conference to draw a successful conclusion.
The meeting place was chosen in Jamaica, is that after decades of children never know who the father is the country, Jamaica is also a member of the Commonwealth, London also recognized the location.
London is still in the grip of cold air, the party has boarded a special plane to the warm beaches of Jamaica, the participating dignitaries have also almost departed, for their countries to fight for the role of the international monetary system in the coming decades.