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Killian Mangan🇮🇪

6 Key Steps to making our domestic economy more productive and resilient in the face of Trump's Tariffs!

1) Invest massively in infrastructure: housing, transport, energy, water, electricity, waste. 2) Expand universal free public services: reduce costs by providing free healthcare, social care, childcare etc so people are able to spend more money in the productive economy and so that more people are available to work. 3) Strengthen worker rights & conditions: despite the mentality in Ireland/US/England, unions and strong worker protections often go hand in hand with higher productivity, with many of the most productive economies having strong unions and worker rights. The reality is, when someone likes their job, they tend to stay later and so companies maintain more embedded knowledge and productivity gains through years of upskilling. Also, when someone feels valued and respected, they are often motivated to work harder and do more.
4) Invest in Irish companies: we need to look at the model of Germany and others (including the EU with their European Investment Bank) and create public banks which invest in Irish startups and in the local economies across our island. 5) Lower input costs through public non-profits: we have incredibly high costs when it comes to insurance, construction, banking, and energy. In all cases, the State should provide a non-profit option with the aim of reducing prices as much as possible, which competes with the private, commercial options. With energy, this would mean reforming the State-owned ESB from a commercial/for-profit into a non-profit. With insurance, it would mean expanding the non-profit, State-owned VHI to all other forms of insurance. With banking and construction, it would mean creating new non-profit public options. 6) Democratise and Decentralise: we live in one of the most centralised countries in the OECD and in the EU. We are also one of the few democracies which lack democratic local governments and regional governments of any kind. It's no secret that our State is highly inefficient and the lack of accountability which comes from decades of centralisation and a reluctance to empower local and regional democracy is a major reason for this. By making things more local and more democratic (like in other thriving countries), we can improve the efficiency of public money and improve public services by holding those in charge of them to account.
#Ireland#Irish#IrishEconomy
Apr 06, 2025, 03:10 PM·Public·Tusky
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