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

Chapter 442: A story that changed the whole of Britain! The true charm of economics!
By the beginning of the 20th century, the literacy rate of the British had reached a relatively good level compared to other countries.

Most urban residents and middle-class families can basically receive a certain level of education.

But for most ordinary working class people, their financial ability is not enough to allow their children to pursue further education.

Western education has always had an elitist tradition, with only a few outstanding students being able to enter university to study.

Famous universities such as Oxford and Cambridge have higher admission requirements and basically only recruit students from aristocrats, wealthy families and excellent public schools.

Knowledge barriers are naturally formed.

The lower-class British people at that time, even if they had not read many books or knew many words, would occasionally read newspapers and magazines to get information, but because they were not very literate, they would inevitably encounter obstacles in the process.

After the advent of radio, gathering together to listen to the knowledge transmitted from the radio became something that almost every British person would do.

At this time, pacifiers had not yet appeared, so people were eager to learn every piece of knowledge.

Of course, listening and understanding are two different things.

Even though most people have this interest, they do not understand various professional English words without systematic education.

Even for the English word “economics”, only a small number of people can understand its meaning.

Most of the workers have only received basic education, and professional terms are as abstruse and mysterious to them as magic spells.

But today is completely different. The workers actually heard a completely different "economic theory" from the radio!
In Bao Guowei's narration, the terms, principles and operating methods of various economic theories are explained clearly through the stories of the "island residents".

Bao Guowei even simplified the sentences and explanations to make them easier for more people to understand.

These repeated and concise words are almost all used in daily life!

Even if there are some things that you don’t understand occasionally, by connecting them to the story, you will be able to understand what happened.

“Economic crisis!”

This term and the corresponding reasons kept echoing in Albert's mind.

“Some residents on the island seized the opportunity, or because of inheritance from their parents, they had more fishing nets and resources, but in pursuit of profits, they continued to expand production without restraint and oppressed the workers to work for them.

These wealthy residents have too many fish, but their needs are limited. The lower-level workers have needs, but they cannot get enough fish from the rich.

Since then, there has been a serious imbalance between production and consumption, and an economic crisis has arisen!"

Before this, Albert had not learned any knowledge related to economics. At most, he was tempted by his classmates to take a look at the stock market. However, with his financial strength, he did not even have the chance to be cheated by the stock market.

Albert's major in college was mechanics, and his dream was to become an engineer and earn in a month what his family could only earn in half a year.

But at this moment, Bao Guowei's "Small Island Economics" opened another door for him.

This is what economics is like!
You know, economics is actually one of the most popular majors nowadays, and college graduates can earn an annual salary higher than any engineer in London!

But it’s not that Albert didn’t want to learn it. The real reason was that the course of economics was naturally destined to be prepared for those aristocratic and wealthy people.

But now it seems completely different.

At this time, the miners nearby could be heard talking. The old miner who had just been complaining now spat and cursed.

“FUCK! These parasites! They only say that we are not hardworking enough, but in fact they are the ugliest guys. They use the money that we can never earn in our lifetime to try to make more money!

In the end, they destroyed the entire country! Their greed destroyed the entire society! And we have to pay for it!"

The old miner spoke haltingly, and it was obvious that there were some parts that he still didn't understand.

But being able to learn so much was the first time he had heard such things from the radio.

Albert naturally knew what he was talking about.

The gentleman also mentioned this theory in the "Island Economics" program on the radio.

"The island over-issued fish coupons, and many factories and nobles borrowed to consume in advance and expand production. On the basis of fragile credit, coupled with the fact that the lower-level workers could not get the due compensation, they could not generate demand. Eventually the bubble burst and everything fell into chaos."

Albert let out a breath, still thinking about what was on the radio.

At this moment, the program of "Parliamentary Week" is gradually coming to an end.

Fortunately, Albert has always had the habit of recording, so after some operations, he continued to listen to it again.

The other miners had no objections, but were instead filled with indignation against the capitalists and politicians.

“They are a bunch of damn parasites. I know they have invested a lot of money in the stock market and hide in the stock exchange every day, hoping to get something for nothing.

The story goes that this kind of trading method will never increase the number of fish. Only we, the producers, can increase the number of fish!
They are stealing our labor!"

"This is because London failed to properly manage the issuance of fish coupons and economic activities. The authorities had no restrictions on the greed of capitalists and even colluded with them!"

"I know the gentleman who is giving the lecture. His name is Bao. He is from our area. Although he is an Oriental, he writes very interesting stories."

"You can actually read books? Where do you get the money to read books?"

"I heard it from someone in the pub. Anyway, that's what happened."

Watching the ragged miners discussing national affairs unscrupulously, the high-end professional terms they used to use have now become weapons for them to criticize those in power.

Albert watched all this happen in shock.

At this moment he knew that the whole of Britain would change because of Bao's program!

London, Cambridge University.

In the teachers' dormitory, Keynes stared at the radio in front of him without saying a word.

The room was very messy and full of books.

With Keynes' current status and position, it is not difficult for him to live in a large suite in central London.

He could even apply to the authorities to live in an exclusive suite close to Downing Street that no one could afford even if they had the money.

But Keynes still had the habit of returning to the university and conducting his research in the teachers' dormitory.

This place can calm him down.

But tonight, when he heard what Bao Guowei said in "Parliamentary Weekly", he immediately lost his composure.

At first, Keynes was confused and even thought that the guy on the radio was an imposter!
"This is not the bag I imagined!" Keynes said angrily.

In Keynes' eyes, Bao Guowei was a true economic genius who perfected and systematized his ideas about macroeconomics.

This was even the first time the concept was proposed!

You have to know that from Keynes' perspective, the concept of macroeconomics is just a preliminary idea.

But Bao, an oriental scholar, presented it in a perfect manner.

“Government intervention centered on demand management, expanding government spending, increasing money supply, and using deficit budgets to stimulate national economic activities in order to increase national income and achieve full employment.”

These are all proposed in Bao Guowei’s theory!

It can be said that Bao’s economics changed the previous economic tradition and truly laid the foundation for the birth of macroeconomics!

Such a great economist actually told the whole British people the story of fishing on a small island in his show?
Those who didn't know thought it was some kind of funny spoof program. But after Keynes confirmed it again and again, he realized that it was from the BBC's "Parliamentary Week" program, and there was nothing wrong with it.

But the more Keynes listened, the more he felt something was wrong.

Such an economist is definitely not a fool. He immediately understood Bao Guowei's intention and was shocked by the other party's behavior.

“This gentleman actually wants everyone to understand economics!”

This is something that has never been done in the UK.

Keynes let out a breath and listened to Bao Guowei's "story" again.

And record this story and your understanding of the relevant economics in your notebook!
After finishing writing, he looked towards the brightly lit teaching building. Keynes knew that at this moment, there must be countless students in the teaching building, guarding the radio and listening to this story from the program "Parliamentary Weekly".

British university students will certainly be able to understand this story and gain valuable economics knowledge from it.

In the past, this knowledge just lay in the corner of the library where no one cared about it.

Few people are willing to take the time to read these obscure economic theories.

But now it is different. Bao Guowei's "Small Island Economics" broke this tradition and allowed countless people to understand the knowledge that was once bound by castles in the air.

It is foreseeable that after tonight, countless people will want to have a deep understanding of economics, and countless people will know the basic principles of economic operation.

From an economic perspective, perhaps in the future, the status of economists will not be as high as before.

But Keynes didn't feel anything. Instead, he felt a deep respect for Bao Guowei in his heart!

"I'm going out to meet someone. I'll be back later. Remember you don't need to wait for me."

Late at night, Churchill put on his coat and said to his wife who was seeing him off.

His wife Clementine frowned and said, "Didn't you resign? Winston, you don't need to torture yourself like this. The authorities don't need you now, the Conservative Party doesn't need you now, but the family needs you."

To be honest, Clementine was a little angry. Her husband was almost always busy around Christmas. In previous years, no matter how busy he was, he would stay at home for a few days.

But what happened this year?

Churchill didn't even have a specific position, which was what made Clementine most angry.

Churchill lit a cigar for himself, spread out his hands and said helplessly.

"Ms. Clementine, I have to go find that gentleman. Bao did something extraordinary today."

"Bao? The famous Oriental scholar." Clementine said with a frown.

"Yes," Churchill said helplessly. "He made everyone understand economics, which was good for some people and bad for others. In short, this guy turned Britain upside down.

But not everyone understands that after what happened, no one can do anything to him now."

"What a great guy."

Clementine couldn't help but sigh.

She knew she couldn't stop Churchill, but she couldn't help nagging, and finally watched Churchill's car slowly drive away.

The Prime Minister's office at 10 Downing Street.

"Mr. Prime Minister, I'm afraid we can't keep Mr. Bao anymore. His story has almost no political inclination. He is just telling an economic story!"

Workers have their own opinions, businessmen have their own opinions, and politicians have their own opinions.

Everyone can gain knowledge from it.

Bao has broken free from the shackles of politics and has only spread knowledge!"

After listening to the content on the radio twice in a row, Professor Laski sighed sincerely and gave advice to the somewhat angry Prime Minister Ramsay.

How could Ramsay not be angry?

Originally, according to his idea, this radio program should have been a performance of the Labor Party, using Bao Guowei's influence and economic theories to promote the opportunity and public opinion trend for the Labor Party's next move.

As a result, the nature of everything has changed now.

Indeed, many ordinary people have gained a new understanding of economics through Bao Guowei's narration.

Perhaps they would support the implementation of "Baonomics" in the UK.

But it is obvious that Prime Minister Ramsay did not follow the theory proposed by Bao Guowei exactly.

On the contrary, he naturally implemented "Bao Economics" in accordance with the interests of the Labor Party itself.

If all ordinary British citizens understood the principles of economics, would politicians still be able to "fool" them?

It is necessary to be more restrained.

However, it is not just the Labour Party. Bao Guowei's economic story is like a general attack. The beneficiaries are all British citizens, while all politicians are restricted.

This is why Bao Guowei now wears the "golden medal of immunity from death".

Ramsay sighed, looked at the crescent moon in the sky outside the window, and couldn't help but sigh.

"In a sense, this gentleman from the East has done something for ordinary people in the UK that we cannot do!"

The story on the radio ended, and Diana finished packing up her things with a bit of reluctance. She went back and forth and cleaned up the things in the office several times, and it was almost spotless.

Fortunately, her husband Mosley was so engrossed in the content on the radio that he did not notice anything unusual about her.

But at this time, Mosley unexpectedly underwent a different change.

"Damn it! Damn it!"

Mosley's fists kept hammering on the table, and blood was about to drip out of his eyes.

Seeing Mosley's reaction, the lackey Treach was frightened. He was a little unresponsive and said strangely.

"What's wrong, Mr. Mosley? What are you worried about?"

"You idiot! We are going to fail!" Mosley said hysterically. "That guy, that hateful Oriental, told all the economics to those filthy people! From now on, it will be more difficult for us to implement any policy! From now on, it will be extremely difficult to get votes!
All of this is thanks to this story! "

"Is it really that serious?" Treacher's eyes were filled with shock. He didn't care at all about the two kicks Mosley had just given him. He and Mosley would rise and fall together, so he immediately became angry and said angrily.

"Mr. Mosley, how about we..."

Mosley glanced at the other person, and suddenly there was a fierce look in his eyes. He was a man who would not give up until he achieved his goal.

At this moment, anger immediately broke through his rationality, and for a moment he even wanted to use extraordinary means to get rid of the man who brought him such great obstacles.

The man who ruined his plans time and time again!
Diana noticed the change in the corner and her heart suddenly skipped a beat. She had a bad feeling.

"Ding dong!"

At this moment, the doorbell suddenly rang!

(End of this chapter)