Honest Boz, lol.
Have you noticed it's remainiacs who cry foul ! Illegal ! ?
- Thread starter gasbanni
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No
The EU is a mature economy.
think about it, in 1980 China had a GDP of $200 billion now it has an economy of $16 trillion
a mature economy that is already industrialised and rich cant match the growth rate of an economy that starts as pre-industrial
No, that is a Brexiteers non sequitur.
the actual best way to trade is to continue with your biggest trade partner and develop new trade with emerging economies.....you are arguing it is a choice of one or the other, it isnt.
And notice the UK has expanded its global trade whilst in the EU rather proving it is not protectionist
Also the West should not be making itself more reliant on China.
Oh and EU is developing more trade deals into emerging markets, Brazil, Mexico, Vietnam, Mercosur.
The UK should concentrate on getting the most efficient trade and that is with its closest and biggest trade partner.
There is an environmental problem coming down the tracks in a few decades....economies will become more localist, less globalist, so it would be beneficial to trade with a partner that is just a train ride away.
He promised the UK an 'oven ready deal'...
Could we not provide a suitable 'oven' for him to mull it over in?
It would of course be quit fitting since he referred to the EU as nazis...
An atrocious comparison, but his 'disciples' never questioned it!
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'Incinerator ready deal!
"Mature" is just another word for old, economies grow fast then "mature" which means decline into economic senility which allows other economies to overtake them.
You are falling into one of the pet dishonest argument that Brexiteers love to make:
"UK exports to rest of world are growing faster than EU, therefore the EU will shrink and die"
Which is not true.
Look at history:
UKs industrial revolution was 1760 to 1840
China's industrial revolution only started in the 1970s
Please do not conflate rise of new markets as proof mature markets are in decline
In a way it's sad that globalisation has led to the West constantly chasing the cheap labour markets around the world. A pair of jeans is cheaper now than 50 years ago.
A pair of jeans may be cheaper in the west, but not in the countries that produce them!
Western greed has led to price inflation in areas where the population can least afford it...
And to top it off the west piously decries the pollution that emanates from places like China...
Whilst ignoring the fact that the west exported much of it's manufacturing output in order to reduce prices!
But fear not...
Brexit will return the UK to a low wage/low skilled economy which those who we exploited will now exploit!
What i am saying is that the centre of economic gravity is shifting from West to East.
How much further can Europe grow?
Yes, an underdeveloped country, when it starts to grow, can make dramatic increases from a small base.
I have an oak tree about 30 feet tall. Over the last year it might have put on a foot or so. That's about a thirtieth.
A year ago an acorn sprouted. The seedling is now about 20 inches tall. So it's put on twenty times its size per year.
Therefore, in five years time, the sapling will be 640,000,000 inches tall, which is more than ten miles high, but my old oak tree will only be about 36 feet tall.
The five year old tree will be bigger than the fifty year old tree.
Is that how it works?
I have an oak tree about 30 feet tall. Over the last year it might have put on a foot or so. That's about a thirtieth.
A year ago an acorn sprouted. The seedling is now about 20 inches tall. So it's put on twenty times its size per year.
Therefore, in five years time, the sapling will be 640,000,000 inches tall, which is more than ten miles high, but my old oak tree will only be about 36 feet tall.
The five year old tree will be bigger than the fifty year old tree.
Is that how it works?
Just because Europe cant grow as fast as an emerging economy, does not mean it is on a trajectory to collapse....despite being a common argument used by brexiteers
In any case the same argument applies to the UK and to the USA.
and of course the EU also makes use of the emerging markets:
"scores of German companies produce locally in China and show no signs of drawing back. Just in May, BASF began work on a large-scale, high-tech plastics factory complex in the south of the country. The $10 billion project represents the largest single investment in the company’s 155-year history."
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