Brexit and the arb industry.

[Stubby]

8 hours ago, topchippyles said:

Love to see an old coffin dodger like you do the return route to africa. Long walk is that stubby 🤣

A mere bagatelle for me and my Spaniel !😊

[openspaceman]

9 hours ago, Stere said:

Real reason is manufacturing was all offshored to china as labour costs are lower there nothing to do with unions, more to do with shareholders maximizing profits. German buisness are often privately owned and run for long term wealth so invest in increasing productivity & R&D not short term profit.

I think you are spot on with that but I think the mechanism was a bit different. Because the short termism of the shareholding classes after WW1 meant dividends and cashing in were the rule it meant there was little re investment. In turn the common market gave the financial sector a massive boost which was amplified by vastly increased mortgage lending in the 80s.

 

The knock on from this is wealth diverged and the wealthy classes spent their money on services making manufacturing wages less attractive. So our labour rates became linked to our financial sector rather than our industrial competitors' rates

9 hours ago, Stere said:

 

Anglo saxon model capitalism US/UK   versus the  German "social market economy"

 

 

Yes but the US has vastly better resources to counter the  short term share culture, we had grown in victorian times because we had access to empire which disappeared (largely in exchange for american financial assistance as they won the war.) and with that access to cheap resources.

[Khriss]

10 hours ago, topchippyles said:

Love to see an old coffin dodger like you do the return route to africa. Long walk is that stubby 🤣

He will be there before you 😄  k

[topchippyles]

8 hours ago, Big J said:

Which one? We have so many! 🤣

The one with the same name as roy rogers horse 

 

[topchippyles]

7 hours ago, Stubby said:

A mere bagatelle for me and my Spaniel !😊

Need a few new tennis balls 

[topchippyles]

5 hours ago, Khriss said:

He will be there before you 😄  k

No arguments there k 😏 L

Edited December 17, 2020 by topchippyles