kenneal - lagger wrote:I'm becoming ever more convinced that "competition" or Globalisation by another name and the "free" trade deals which result is something which we should avoid where possible.
Isolationism ??
kenneal - lagger wrote:Globalisation and competition have reduced wages in the Uk to poverty levels while it has enabled companies to offshore profits and avoid paying taxes. True globalisation would also have reduced our accommodation costs which would have meant food prices would also have fallen and that the lower wages would have been affordable.
Try the 'wages' paid in less developed countries.....,
Most UK workers still do relatively well...., average salary £27K ?
Agree that hiding profits offshore and tax avoidance need addressing....
kenneal - lagger wrote:Globalisation and "competition" have allowed an increase in the share of profits going to senior managers, owners and shareholders by reducing the share of the workers and lower management. Globalisation has allowed the kleptocracy and their companies to avoid taxation and put the whole of this burden on the working and middle classes further reducing their spending power. There has been a worldwide, in the developed countries at least, hollowing out of the middle and working classes to such an extent that the whole capitalist system is now at risk. The EU has done nothing to stop this.
Probably true - all the fault of the EU though ?
kenneal - lagger wrote:I am convinced that countries should be able to protect their own industry and workers as the living costs of workers vary from country to country. If this were formalised and renegotiated on a regular basis that could form the basis of an international trade agreement that could work more fairly. It would stop the wasteful practice of moving production from one low cost country to another even lower cost one every few years.
How much UK industry is actually UK owned.....?
Whether we like it or not, it's all inter-connected....
Plus, Maggie sold pretty much everything British that wasn't nailed down....
Look at the recent news from Nissan. Honda, Sony, Panasonic etc. The decisions aren't made in Sunderland or Swindon, they're being made in Japan....
kenneal - lagger wrote:The current system, based on debt, will fold in the few years so the above will probably never come about.
Agree.