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Of course it's because of wages! The point is, it is because of protectionism that Mexican and African farmers cant sell their products in to the EU at a fair p
by krona 10y ago
Of course it's because of wages! The point is, it is because of protectionism that Mexican and African farmers cant sell their products in to the EU at a fair price, and once outside the customs union, the poorest consumers in the UK and the poorest farmers in the world both stand to benefit. Global trade is lifting billions of the poorest people out of poverty, and long may it continue.
- TheAdamAndChe 10y agoIt's true that globalization is raising the average income of people in many places in the world, but it is also causing an increase in inequality within most countries[1]. It's not fair to the middle class of a country when it needs to compete against a country that doesn't have the same environmental or labor laws that it has. This leads to a race to the bottom and tanks the quality of life for most people, though the capital owners get out ahead. Why can't those countries form their own industries? [1] https://www.imf.org/external/pubs/ft/weo/2007/02/pdf/c4.pdf https://www.imf.org/external/pubs/ft/weo/2007/02/pdf/c4.pdf
- danmaz74 10y agoTry to tell that to UK farmers. Or blue collars. Or anyone working on producing things.
- 794CD01 10y agoThere's not much point in telling the truth to people so personally invested in not listening.