4 ms·
The problems of the UK and US declining industrial base is due to lack of “protectionism” as you call it. Really it’s been a de facto industrial policy of disin
by avidphantasm 3y ago
The problems of the UK and US declining industrial base is due to lack of “protectionism” as you call it. Really it’s been a de facto industrial policy of disinvestment and off shoring driven by financialization of their economies over the last ca. 45-years. Free capital flows benefit capitalists, not ordinary citizens.