Barmy Trump attacks world trade in rage at China

[securespark]

I support the correct use of full stops.

It was a typo.

On my phone keyboard, if I hold the full stop key, it produces 3 full stops.

 

[Knave of Hearts]

I support the correct use of full stops.

On my phone keyboard, if I hold the full stop key, it produces 3 full stops.

Unless it's not a full stop...

 

[JohnD]

Trumps Tariffs are all about making America strong and self reliant.

No they aren't.

And, until they build mines, smelters and refineries to make their own materials, what do you suggest they do?

 

[morqthana]

It was a typo.

On my phone keyboard, if I hold the full stop key, it produces 3 full stops.

No, it produces an ellipsis.

But be very careful using it on this forum, there are a lot of people who do not understand the use of that particular punctuation mark.

 

[Stivino]

It was a typo.

On my phone keyboard, if I hold the full stop key, it produces 3 full stops.

You had four full stops at the end.

 

[Knave of Hearts]

You had four full stops at the end.

If you hold down the full stop, it might offer you a choice of a full stop, or an ellipsis.
Hold down the full stop, but don't lift your finger, slide it to the ellipsis.

 

[Vinty]

Ok, I agree with the theory. But the practice means everything becomes more expensive until production costs (labour rates) fall to the lowest (or close to) in the world

Yes. We sold off everything to make finance our only real business. And now we are facing threats to that. But it was a conscious decision.

No, we absolutely don't, for many many reasons

What we need is long term business not short term profit which has been the mantra for our decline long term

Wasn't it Margaret Thatcher who killed British manufacturing.
She said if a company couldn't compete without government support it should be allowed to fail.
She said that deregulation of the financial services sector, would allow what she called, the financial mastminds to create wealth for the country.

 

[carmanmemoranda]

Wasn't it Margaret Thatcher who killed British manufacturing.
She said if a company couldn't compete without government support it should be allowed to fail.
She said that deregulation of the financial services sector, would allow what she called, the financial mastminds to create wealth for the country.

In a nutshell yes

 

[fillyboy]

Wasn't it Margaret Thatcher who killed British manufacturing.
She said if a company couldn't compete without government support it should be allowed to fail.
She said that deregulation of the financial services sector, would allow what she called, the financial mastminds to create wealth for the country.

Opinions are mixed. She certainly contributed to de-industrialisation, nobody can deny that, but so did the Unions, so did poor management. Interesting article here. Couple of interesting takeaways from the article, with the possible exception of Germany most developed nations went through similar de-industrialisation, and that de-industrialisation in the UK was more extensive under Blair & Brown than under Thatcher.

Client Challenge

 

[fillyboy]

It's an FT article and wont let me link or copy, google 'did thatcher kill uk manufacturing' and it might come up.

 

[Notch7]

Trumps Tariffs are all about making America strong and self reliant.

It would help if you looked at the deeper picture

Trumps tariffs are simply a sales tax on ordinary American citizens......which he is using to fund his tax cuts for the rich

Over the past few decades too many previous govs have allowed manufacturing to go abroad for short self term gain, the dangers in that are becoming over reliant on other (sometimes hostile) nations, and then open to their exploitation.

Do you seriously think the American economy wants manufacturing and American people want factory jobs?

what you forget is that with globalisation, business will always now chase the cheapest labour rates in the world, there is no going back from that apart from automation

The American economy is built on on the digital world, like Amazon, Apple, ebay, Uber and hi tech manufacture like Boeing and defence

end up like the UK who has given about everything away

UK is the worlds 11th biggest manufacturing economy

for example UK is home to most F1 teams

its not as backward in manufacturing as you might think

 

[Notch7]

we need a Trump

please open your eyes to whats happening in USA

its not pretty

 

[Odds]

please open your eyes to whats happening in USA

its not pretty

It is quite mad.

 

[Vinty]

de-industrialisation, nobody can deny that, but so did the Unions, so did poor management.

I thought the Unions existed to protect their members wages and conditions, which is why they opposed the use of cheap foreign labour.
It was the Tories speaking out of both sides of their mouths which did a lot of the damage, the business class who finance the Tories wanted cheap labour , while at the same time telling working class Tory voters that the 'Lefties' were anti British and wanted mass immigration to continue, when in fact , the highest levels of immigration were under Rishi Sunak and other Tory leaders.

Anyway I think some level of de- industrialisation was inevitable, the Chinese can't stop Brits making their own flip flops or flags, it is all down to economic viability,..

 

[Vinty]

its not as backward in manufacturing as you might think

Nothing wrong with subbing out low tech manufacturing to low wage economies, every one is a winner, cheap consumer products for the West, while jobs are created in developing countries.
This allows Western economies to concentrate resources on innovation and production of high tech and high profit products that other countries cannot produce.