‘Privatize them all’

Richard Tol writes in today’s Irish Times about how to turn the Irish economy around. You probably don’t see it in the online edition, but the subeditor responsible for the front page has summarized the article as ‘Privatize them all’. (Some comment on ‘The Irish Economy Blog’

The cuts are pretty small when you consider the context – it costs 60 billion to run the country, we will only get 40 billion in taxes. The plan is to cut back by a few billion, and just borrow the rest. Of course, the debt will bear down on us in the future.

At least he didn’t slur his speech.

It’s always nice when the international press pays attention to you.

The hard truth about the Irish knowledge economy:

In a further blow to the ailing economy, Google has decided to abandon plans to locate up to 100 software engineering jobs in Ireland because it was unable to find enough qualified candidates here.

A little over-dramatized in the Evening Herald but a very serious issue. We are not turning out enough engineers and we are not attracting enough engineers from abroad.