Reborn Bao Guowei, I really didn’t want to be a great writer!

Chapter 441: Bao Guowei is ill? The charm of "Small Island Economics"!

"The story begins on a remote island where residents have to fish every day to survive. This is like the initial stage of our human society, where everything starts with the most basic survival needs.

One day, a clever islander thought of a solution. He decided to temporarily give up some consumption, that is, to save some fish, and use the time saved from fishing to make a tool - a fishing net.

This was a very difficult thing to do. He had to endure hunger, be mocked by others, and face the risk of failure, but he still took this step bravely.
This involves a core concept in economics: opportunity cost! "

The book "Small Island Economics" contains a lot of content, and the radio program only lasts two hours. If Bao Guowei wanted to completely restore the original work, the time would definitely not be enough, so he chose to use stories and theories to more clearly present the charm of this book to the ears of the British of that era.

But Guy on the side was a little anxious.

He originally thought that Bao Guowei would come up with some shocking economic theory. After all, with Bao Guowei's current level and status, it is not impossible for him to bring some surprises and accidents.

Guy is not a novice in economics. He has not only read the works of Marx, but is also familiar with books such as Principles of Economics.

but
Bao Guowei's story sounded too simple, even he himself could hear it clearly.

But seeing the other party's confident look, Guy suppressed his curiosity and continued to listen patiently.

"After the fishing net is successfully made, he can catch more fish and have more time to make tools. This is a reflection of the improvement of productivity. The improvement of productivity allows people to have more surplus products and lays the foundation for subsequent economic development."

"Islanders use the saved fish to hire other islanders to help fish, build better fishing tools or develop new industries, all of which are investments."

“When bartering could not meet the needs of transactions, general equivalents came into being. On the island, fish was the first general equivalent, and people could use fish to exchange for the items they needed.

Of course, in real life, the concept of general equivalent mainly refers to currency."

Through the stories of "Island Economics", Bao Guowei strives to explain economic concepts in an easy-to-understand way.

But obviously, these concepts and stories are too simple for people who understand economics.

In an office in Downing Street, a gentleman laughed mercilessly.

"What on earth is this guy talking about? Even a child knows such a simple economic theory? Is he broadcasting a children's program?"

Oswald Mosley, the youngest Member of Parliament in the House of Commons, is now a member of the British Executive.

Of course, he has a more important identity, that is, the founder of the British Union of Fascists.

Originally, Mosley was angry about the Labour Party's invitation to Bao Guowei. As a senior politician, he must have known how disadvantageous the situation would be for him if Bao Guowei gained attention on the "Parliamentary Week" program.

Even if he gives more speeches, can he ever reach as many audiences as the radio station?

Mosley had experienced Bao Guowei's speaking ability. He was a scary guy.

It can be said that in Mosley's eyes, Bao Guowei is the scholar with the strongest speaking ability he has ever seen.

Now that Britain is in the quagmire of economic crisis, if Bao Guowei proposed his economic theory at this moment.

Isn't it just one call and a hundred responses?
But now Mosley seems to be calm.

I don’t know why, but he was once such a terrifying guy that Mosley even wanted to get rid of.

I was surprisingly lame on the radio today?

"Hahahaha! This guy is scared. Dear gentlemen, I have already said that a child who is not even an adult can never stop our great cause!"

Mosley's staunch supporter, John Tretchie, also a member of the Parliament, also jeered mercilessly.

The threat Bao Guowei had previously posed was so great that several people were a little afraid of this guy.

Considering how high-spirited he was in the salon, how much respect so many people had for him, and the huge impact that assassinating him would bring, this was going to be a tough guy.

But unexpectedly, Bao Guowei himself failed first.

Mosley leaned back on the sofa, seeming to be relieved. He picked up the wine at hand and poured it down his mouth.

After making a comfortable sound, he said with a smile.

“I think the Labour Party people could not have imagined that the young oriental literary giant whom they had placed high hopes on would actually have problems on a radio program.

Parliamentary Week is Labour's show, it's on now and there's very little they can do to save it."

Johns Treitch did not seem to have his own opinions. He nodded and agreed, "Mr. Mosley, the next moment is the time for our business to flourish. Let's make Britain great again. Victory will always be ours."

Nearby, Mosley's wife, Diana Mitford, came in with a plate of cakes.

She looked at the two men strangely, unable to understand their madness.

Because Diana had just listened to the content on the radio. Unlike the other two people, Diana, who knew nothing about economics and had only received some general education, was very interested in the content.

She even deliberately slowed down her packing movements, wanting to continue listening to what was happening next.

Because Diana felt that through the narration of the gentleman on the radio, she seemed to have a completely new understanding of economic concepts that she had completely misunderstood in the past.

However, as Mosley's wife, Diana would not bother herself by discussing political issues with them, but just kept her thoughts to herself.

At this time, Bao Guowei's voice continued to be heard from the radio.

“Next, we are going to talk about the concept of economic crisis, which is also based on the story of the island.

Here we have to explain a concept called inflation. Earlier we mentioned the 'official fish' system, which is similar to the monetary system in real life. Under such a system,

Diana was about to put the snack down, but after hearing this, she immediately pretended that she had lost her balance and accidentally fell.

"Oops! I'm sorry."

Diana seemed a little flustered. She began to pick up the things on the ground carefully, while listening to the subsequent content on the radio with her other ear.

Mosley glanced at his wife and said nonchalantly, "Be careful."

At the same time, the spiritual pillar of the future British Empire, the leader in the darkest moments of World War II, a former member of the "Shadow Cabinet", an independent Conservative, and a loyal hawk.

Mr. Winston Churchill is knitting. You heard it right, he is in the living room of his home, leaning against the fireplace, listening to the radio and knitting.

Looking at the large-scale clothes he had on hand, it was clear that Mr. Churchill was also an expert at knitting sweaters.

The story of Churchill knitting a sweater had long been circulated in London's political circles. Many people used this incident to ridicule him, but Churchill did not take it seriously.

For him, knitting sweaters is not to help his family add clothes. At his level, he no longer needs to do so.

In fact, the biggest reason why Churchill knitted sweaters was to relax and relieve stress during his busy work, so that he could stay calm and sober and avoid making wrong decisions in political struggles.

Later during World War II, there was even a short story about how during the bombing of Britain, the then British Prime Minister Churchill was found sitting on the sofa in the air-raid shelter knitting a sweater. In a sense, this was Churchill's way of relieving stress.

At this moment, in his living room, Churchill was knitting a sweater while listening attentively to the radio.

He frowned tightly, not quite understanding what Bao Guowei meant by what he had just said.

Originally, he, like Mosley, felt a sense of crisis about the Labour Party's actions.

But now, I don’t know whether to laugh or cry.

Why would Bao Guowei tell such a simple story on a serious political program like "Parliamentary Weekly"?
This is not a children's show!

"Next, we will talk about the concepts related to economic crisis."

These words coming from the radio rekindled Churchill's interest and he gave up the urge to turn off the radio.

Obviously, he is more interested in things related to the economic crisis.

"Here we first need to explain a concept called inflation. Under the 'official fish' system, managers privately modify the size of fish, which is currency. The actual value of the 'official fish' becomes smaller, and the purchasing power also decreases, leading to rising prices, which will have many impacts on the economy.

There are economic cycles.”

Churchill smacked his lips and found what Bao Guowei was saying becoming interesting.

The stories he told using the example of "island residents" may sound childish at first, but if you think about it carefully, they contain the essence of economics.

As a liberal arts student, Churchill's aversion to science can be said to be equal, and there was almost no science subject that he did not hate.

Even for something like economics, it took him a long time to slowly understand how it worked.

However, Bao Guowei made the concept of economics understandable in a very simple way just through a story!
Churchill was not like Mosley, a gentleman who had almost no contact with the lower classes. On the contrary, his experiences on the battlefields and his many near-death experiences gave him a thorough understanding of the lower-class citizens.

For them, the abstract and general professional statements of those in power are almost completely incomprehensible.

The so-called vote politics is nothing more than candidates promising voters various benefits.

No one knows whether such a policy is really good for the country.

They only care about short-term interests.

But Bao Guowei's radio program was completely different.

This guy seems to be trying to make everyone understand economics! Let everyone know the reasons for the economic depression! Let everyone understand how to alleviate this problem!
For a moment, Churchill's eyes widened and his hands stopped moving.

Albert is an ordinary college student in London.

The school is not very good and the tuition fee is almost half of the family’s annual income, but it is the hope of the whole family.

Albert cherished this hard-won opportunity very much. He studied hard just to bring his family to bustling London to see the world.

On the eve of the Christmas holiday, he finally finished half a year of study and returned to his home far away in the countryside.

But I found that everything had changed dramatically after I came back.

His parents originally had a stable factory job. The work was hard, but it was enough to make a living.

But in the context of the Great Depression, the factory closed down, both parents lost their jobs, and he had a younger sister at home.

Even on Christmas Eve, the whole family was immersed in silence and sorrow, staring at the black bread in front of them.

On Christmas Eve, Albert's father called him into the room.

"Albert, I'm sorry to tell you this news. My family can no longer afford your tuition fees."

So, in order to help his family get through the difficult times and to continue his studies, Albert had to go to work in the coal mine with the miners in the town.

The mine was dark and deep, filled with a suffocating smell of coal ash, but Albert did not retreat.

During the short breaks in coal mining, Albert would take out his old radio to bring some spiritual comfort to himself and the miners.

Tonight, Albert took out the radio as usual, tuned the channel, picked up the dirty kettle, and took a big gulp down his throat.

The miners nearby also gathered together as usual, sitting around the radio, leaning against the wall tiredly, complaining about the hardships of life.

Along with the sound from the radio, an old miner with wrinkles on his face complained.

"No one cares about our lives, whether it's the gentlemen in suits in London or the factory owners driving cars. They only care about whether their wealth increases, while we work hard in the dark underground, but can only get a small piece of black bread that is hard to bite."

Albert took these words to heart but did not answer. He just kept drinking water and listening attentively to the sound on the radio.

At this time, the legendary oriental scholar named Bao on the radio finally talked about how to solve the economic crisis.

"Production is the foundation of economic growth, just like the residents on the island, who build infrastructure to improve their living standards and economic development. Public works provide opportunities for the unemployed, allowing them to earn income through labor. These jobs not only solve the unemployment problem, but also lay the foundation for the subsequent economy."

"In my opinion, if the residents of the island know that they can get some help and support when they encounter difficulties, they will feel at ease to produce and consume, and the economic order of the island will return to normal. In real life, if the government can provide people with basic living security, they will have a certain consumption capacity during economic difficulties.

This obviously helps maintain market demand and economic stability!”

"Re-establishing a reliable currency exchange system on the island is also an important way to make the fish exchange smoother. Analogously, in real life, rectifying the banking and financial systems will also greatly promote faster economic recovery."

(End of this chapter)