The politicians are just as helpless though

These poverty-stricken areas where the manufacturing industry has disappeared have done so because of the rise of manufacturing in the Far East that simply wasn't there in the 50s/60s (the Glory Days that Trumpists and Brexiteers hark back to).
Simple economics says that if someone is producing equal or better quality products for less money people will buy those. So US and British manufacturing was doomed. It isn't government's fault. To alter that would have required massive government subsidies which since Reagan/Thatcher is no longer deemed an option.

Posted By: mr carra on November 9th 2016 at 08:41:16


Message Thread


Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.

Log in