“The Welsh government doesn’t control the economic levers. Nobody in these global corporations cares about Wales,” he says, suggesting the way forward is to a steady-state economy “where the maximisation of shareholder value is not the driving force for the majority of economic activity”.
“We are crap at capitalism in Wales, so let’s do something different and try to improve the wellbeing of the people,” says Jones.
The original transformation of the Rhondda etc was one of the most red in tooth and claw instances of capitalism ever. Attracted hundreds of thousands of workers from the Midlands, Somerset and even Ireland (the South Welsh are not, in fact, Welsh).
Then they nationalised the mines and the metals and it all turned to shit.
There’s a useful lesson there.
Pipe the place with fibre, shoot the rail unions and let rip.