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Few basic rules of Capitalism and Market economy.
– Purpose of Capital is to multiply itself and make profits.
So if Investing in China gives better profits Capital will go there until investing in other country makes more prifits. Brexiter and patriot Dyson moved operations to Singapore😀
– Market “fundamentalism” tells us that
a) if importing coal in 70’s and 80’s from Poland is cheaper than having your own then let’s close the mines. (miners don’t vote Conservative)
b) If importing meat from NZ and AUS is cheaper let’s do it (farmers do vote Conservative but there are not that many).
c) If you can not compete with the world your Industry should die out (farming and manufacturing). It was never said by leading Brexiters. Most of them are connected to Finance (strongly competitive industry). In most of the Trade deals services and Finance industry is not included it is just goods.
M Thatcher did not get out from coal because of ecological consideration! After discovery of oil and gas in the North sea UK went for Gas and Oil power plants. Claiming the high moral ground is disingenuous!!!!!