The impact of NEMs
NEMs aims to drive access to a modern market into every
corner of the nation, just as earlier legislation ensured everyone was within
reach of a telephone. That should lead to increased opportunity, smaller government
and national advantage.
Where will it lead?
There should be no social engineering attached to this
project. The only aim is to create very efficient markets for resources that
barely get traded at the moment which anyone can use in whatever way they want.
We can only speculate on where that might lead.
Look at other sections of the economy which have
responded to hyper efficient new marketplaces and a pattern emerges. Sectors
like high finance have seen wide-ranging uptake of
the new facility followed by huge multipliers in trading volumes and the
frequency of trading. If that were to happen in the very bottom levels of the
economy what might the results be? In
this section we offer some speculation.
