[lm28469]

Delocalising everything to Asia certainly did not play any kind of role, you're right. It's such a simple problem that it can only have a single cause, which can be summed up in a single sentence as you did so nicely, one could even shorten it to "regulations bad" and be happy

> Our firms had no incentive to be efficient since they had a captive market

Efficient compared to what ? Chinese working conditions ? Good luck lmao

If slave labor, 1950s style working hours, state controlled economy and international dumping is what you want the EU to compete with one to one we're dead

[soco]

The lesson here is that some people would be very happy to reintroduce slavery, if their eggs gonna be cheaper (feel free to swap my example with any other).