Cisco spraying $1bn over the UK, hipsters set for well-earned cash injection Cisco has promised to splurge $1bn (£645m) in the UK over the next five years, investing in 'internet of everything start-ups' as well as promising to buy some real companies, too. The company claims the investment will support the next phase of Blighty's "digitisation" plans. It follows a 2011 commitment to splash $500m (£ …
"David Cameron knows who Cisco are?"
Of course not. Lightweight Dave doesn't really know much. And in this case he mistakes buying companies for investment. M&A might make great bonuses for the wankers of the City, but it creates no wealth for the country. What we need is capital investment to make or do useful stuff, or investment in R&D. That'll be a small fraction of Cisco's spend, I'll wager.
And in the five year time frame that Cisco will "invest" £0.6bn, that idiot Cameron will have wasted something of the order of £60bn on foreign aid. There's no shortage of money, the only shortage is brains in government.
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