Policy makers really have a problem. They know that Ireland is a high-cost country but they seem to be unable or unwilling to figure out why. Forfas surveys all manner of cost inputs – energy, property, labour, insurance, etc. – but while they uncover some valuable information, they still can’t seem to connect all the high-cost dots into a coherent picture. I have a small answer. It is not the whole answer but it can help complete the picture and, just as importantly, it can help us see what is not the problem. And that answer is this: entrepreneurial cannibals – a species of businessmen and women who make a lot of money by cannibalizing other businesses, driving up enterprise costs and making our economy uncompetitive.
These entrepreneurial cannibals – they’re literally eating us alive.