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by benj111
2544 days ago
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Read my comment again, it's got nothing to do with 400 years of trade history, it's about temporary measures having a habit of becoming permanent. Where did you get the idea I was so fond of free trade? (disclosure: I am in favour of free trade) I described international markets as rapacious. Plus free trade is about trade. Freedom of movement is about people. You can be in favour of free trade, and against freedom of movement, ask any Brexiteer. BTW not all Indians are on $2 a day, and most that would come to the UK would be on significantly more, and we have a minimum wage so they wouldn't be competing on $2 a day anyway. "Tata was forbidden from selling steel in india, causing the indian steel industry to collapse. Same for textile, boats
" Any decent write ups on this? Not something I'm really aware of. |
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Why ? Humans are a form of "good" so is capital and natural resources. You cant leave 1 out of 4 - the EU single market was created with this in mind. Some countries have excess capital, some have excess labour and some have excess natural resources.
Its awfully convenient for you to leave out the ONE thing that a country like India has a surplus in and leave in the thing India is deficit in.
> and we have a minimum wage so they wouldn't be competing on $2 a day anyway.
Says who ? it depends on enforceability, ask any Indian or any Brit who lived through the Empire. Minimum wage is just a form of price control.
> Any decent write ups on this? Not something I'm really aware of.
Sure !
https://en.wikipedia.org/wiki/Inglorious_Empire
If you turn back the clock 400 years ago
- The Indian rupee used to be similar to the swizz franc.
- people around the world used to hold on to the rupee since it didn't suffer from rampant inflation which even many european currencies did.
- India was a major exporter of goods to SEAsia, Middle East, Europe and Africa, and imported very little.
- All of it changed when the Brits arrived.
Which comes back to my original point.
You turn forward the clock 100 years and its quite likely every Brit would be singing a different tune, high tariff on Indian semiconductor, Indian medical devices, .... . They already sing a very different tune compared to just 15 years ago with Brexit today. Where are your open markets now ?
Its awfully convenient to sit atop 400 years of plunder and loot and claim fair treatment and 'free market'.