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Opinion

Mind over Managing: Final sales now on?
Daniel K Reece

February 28th, 2020


This article is more than 4 years old.

My last column in this newspaper talked excitedly about the last election being dominated by a ‘green’ agenda with seemingly huge support from the general voting populace.

Cars: more and bigger
It is therefore difficult to know how to interpret the figures released last week regarding Danish car consumption in 2019.

According to figures from Danske Bilimportører, sales in Denmark may have only risen by 3 percent last year, but the 225,594 new cars was more than double the number in 2009.

More alarmingly, from a climate perspective, sales of SUVs (which because of their size consume more petrol) rose from 2 percent of all cars sold ten years ago to 34 percent last year. The small car share, meanwhile, fell from 47 percent in 2009 to 34 percent in 2019.

Lars: rich and spending
So what’s going on here? A partial explanation can be found in fiscal policy: the tax payable on petrol cars was reduced by successive governments in 2007, 2015 and again in 2017, whilst in the same period the tax on electric cars has increased.

The economy has also improved significantly since 2009 in the immediate aftermath of the financial crisis. Additional spending power could have a lot to do with it.

But what if the truth, as the Danish comedian Mikkel Klint Thorius eloquently puts it regarding climate change, is that we “just can’t stop when we’re having so much fun”.

This theory would appear to be backed up by Jytte Norden, a car salesman with 25 years experience, who told the Danish daily Information recently: “It’s very fashionable at the moment to think about the climate, but you don’t see that reflected in decisions when we buy cars.”

Ours: seizing the day
This state of cognitive dissonance – believing two opposing things simultaneously – and the stress created by it could also explain some of the justifications for business as usual that are often used. “You only live once” (also an explanation provided by Norden) is an example of this.

It could also be a reflection of last-minute panic. The consumption of cars, meat and dairy etc could all be limited by legislation in the not too distant future, so it’s better to buy while you still can? So, are the final sales now on?

About

Daniel K Reece

Daniel is the managing director of Nordeq Management (nordeqmanagement.com), managing cross-border investment projects with a focus on international corporate and tax law issues. Educated as a lawyer, Daniel also teaches in the International Business and Global Economics department at DIS Copenhagen. Daniel is passionate about mindfulness as a means of personal transformation.


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Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

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Pill pushers
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At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”