Quote Originally Posted by Kirkland Laing View Post
Quote Originally Posted by Gandalf View Post
A case in point, the UK used to build ships. A sunk industry. Others could do it cheaper and more efficiently and in decades from a world leader to a world bleeder. Unions cannot do a thing against globalisation.

I come from what used to be the biggest shipbuilding town in the world. You either worked in the shipyards of in a coal mine. My family were all shipbuilders or coal miners. But Polish coal came along at half the price and Korean ships at half the price. We were probably the world's first post industrial area. Forty percent unemployment overnight. We haven't found out a way to ameliorate these kind of problems either. It's going to happen in any first world country when emerging economies can undercut your domestic firms. It's one of the shittier aspects of capitalism.
True.