Why globalisation is bad for most of us. And other stories.

Here are a few personal musings on globalisation and free market capitalism and why the majority don't, and will never, benefit from it. Massive corporations love it; they get to build huge factories in those countries who have the worst standards of living, therefore can get away with paying low wages, thus cutting most of their cost at a stroke. Even James Dyson relocated his manufacturing division from Wiltshire to the far east, acknowledging that he had to in order to compete on price. Corporations shut down their factories in Europe and the USA and move production to China, India, Malaysia, Indonesia, Thailand, Vietnam etc. Therefore well paid jobs are being exported to countries whose citizens are paid less, have worse standards of health & safety and often work longer hours. Obviously this is appalling for our economy, as our government has to pay out more in welfare benefits, and those who find work often have to take vacancies that pay significantly less than the job they just lost through no fault of their own.

Globalists will at this juncture point out that should they be forced to re-open factories here and in the US that prices will rise, and therefore inflation will increase. Well, yes, durr, we know that. But it is just a temporary rise as wages catch up with prices, it will level off and slip back down. Inflation is currently high in a time of static, and in many case, reduced wages. As the economy of this country shrinks more due in the main to current economic policy inflation will come down, purely because people will have less money to spend. Thus begins a vicious circle, no spending = not good for the economy. Especially true as our economy is based on commerce as opposed to mass manufacturing. Successive governments over the last 30 years have allowed entire industries to move overseas, initially to Eastern Europe, and then to the Far East, turning this country into merely a service industry. An example: the McLaren SLR is apparently made in Woking. Not true. It is manufactured in Germany, the parts are shipped to Woking where it is assembled. This is happening more and more. Actually, McLaren no longer make the SLR, Mercedes have superceded it with the SLS. McLaren have recently unveiled their new car. Anyhoo.


Promise I shall do free markets and trickle down soon. Honest guv.