>> |
05/09/10(Sun)16:02 No.890034>>889845 >>. There's nothing wrong with firms choosing to
stop trading or to relocate because of competition from abroad, but
Thatcher unilaterally decided it would simply end.
Thats
exactly what they did. They sold the unprofitable nationalised
industries and started importing from abroad to save money, exactly how
companies behave. >>We could be a world
leader in high-tech manufacturing if we hadn't sold everything off, but
instead we've become a nation of stock gamblers and dole queues.
Maybe
but I don't think we can even make high end technological stuff as
cheap as they do in China or India. The only edge we had was in car
making simply because it was a relatively skilled trade, but even now
we've been overtaken.
A better argument against moving industry
abroad is that it encouraged child labour and sweatshops, but if you
have a problem with that you'd better throw half of your clothes cos
that's how they're made. >>889848
>>But there's a problem with a 'knowledge-based'
economy: anybody in the world, with the right opportunity, can acquire
the same knowledge.
That's inevitable eventually, but
right now we're ahead of the game. And don't be fooled by Chinas or
Indias image of progress, the vast majority of the population are still
uneducated labourers.
In the last 200 years we've gone from an
agricultural economy to an industrial economy to a knowledge economy,
you might as well argue that we should all become farmers again . |