Page 2 of 2 FirstFirst 1 2
Results 11 to 17 of 17

Thread: Trumpís steel and aluminium tariff threaten thousands of Europe jobs

  1. #11
    Join Date
    Oct 2007
    Location
    Newport, South Wales
    Posts
    8,419
    Thanks
    1,238
    Thanked 1,019 Times in 847 Posts
    Blog Entries
    1
    Quote Originally Posted by Benacus View Post
    While i agree that EU's regulation have penalized our industries, i think this highlights how unfair and unsustainable our economic system is. In Europe, you have the EU approving and enforcing regulations to protect the environment and reduce pollution (with related costs) while in China you see clouds of polluted air covering entire cities. I don't think the free market is compatible with workers rights, because as i said earlier our economic system is based on competitiveness - given our penalizations, the only way to compete with nations like China is to cut the costs of the labor force (our salaries) or curb our rights (flexibility, such as getting fired due to relocation in eastern european countries).

    Those who are competing are the masses of workers, turned one against each other, while their capitalist masters increase their profits. I don't think this is the future, i think the future is the "Socialismo Nazionale" (an ideology developed between 1900 and 1910 in Italy, translates into "National Socialism", but not related to "Nazism"). A socialist economy, with a strong emphasis on national interests and needs, is - in my opinion - the only answer to create a fair society where Workers Rights are respected, and where "competition" does not equal social massacre.
    You also need to bear in mind that while labour crucified us on the basis that being green and freezing to death was good for us, the yanks made no such alterations to their economic and industrial policies ... so it isn't only china.
    --
    "The Inland Revenue is not slow, and quite rightly, to take every advantage which is open to it under the Taxing Statutes for the purposes of depleting the taxpayer's pocket. And the taxpayer is in like manner entitled to be astute to prevent, so far as he honestly can, the depletion of his means by the Inland Revenue"

    Lord Clyde: "Ayrshire Pullman Motor Services V Inland Revenue, 1929"

  2. #12
    Join Date
    Apr 2016
    Posts
    927
    Thanks
    21
    Thanked 139 Times in 116 Posts
    Quote Originally Posted by johnofgwent View Post
    You also need to bear in mind that while labour crucified us on the basis that being green and freezing to death was good for us, the yanks made no such alterations to their economic and industrial policies ... so it isn't only china.
    Which further proves how unreliable so-called "free market" is. Without equally respected rules, there can be no true free market, and since China and the US are not going to approve new laws to protect the environment just because the EU parliament says so, there is no other way to compete with them other than cutting salaries (by importing low-wage semi-enslaved labor force from Africa, on NGO and Coast Guard boats) or relocating production to places where workers earn less, and enjoy less rights (China).
    ęThe Muslims refuse our culture and try to impose their culture on us. I reject them, and this is not only my duty toward my culture - it is toward my values, my principles, my civilization.Ľ - Oriana Fallaci

  3. #13
    Join Date
    Jan 2018
    Posts
    517
    Thanks
    2
    Thanked 75 Times in 63 Posts
    Quote Originally Posted by Benacus View Post
    A socialist economy, with a strong emphasis on national interests and needs, is - in my opinion - the only answer to create a fair society where Workers Rights are respected, and where "competition" does not equal social massacre.

    Proven time and again not to work - the only successful businesses are the ones building the walls to prevent people escaping.

  4. #14
    Join Date
    Feb 2016
    Posts
    1,382
    Thanks
    117
    Thanked 257 Times in 203 Posts
    There really are no free markets anyway. That is why there is the need for trade deals and, dare I say it, a common market agreed between nations like in the EU. Putting up trade barriers using tariffs does have benefits in protecting industries but it also has downsides as it raises costs and would come at the price of facing retaliatory trade barriers and potentially preventing more economic, larger scale production of some goods. I agree that it is sensible to protect industries that people within a region depend upon (mining and steel are good examples in the UK) because of the hardship caused by simply forcing these industries to go into liquidation. There should be subsidies and adequate time given for redeployment of labour, as difficult as this is. I also think one of the problems the world faces is that there is, as a result of mechanisation, less requirements for unskilled labour as well as the specific specialised skills of declining industries. This makes simple redeployment of labour very difficult and, apart fom subsidising for a generation or so, it is not an easy issue to solve. These problems are not all down to foreign, low cost, competition.

  5. #15
    Join Date
    Mar 2016
    Location
    Oxfordshire
    Posts
    2,001
    Thanks
    801
    Thanked 817 Times in 552 Posts
    Quote Originally Posted by grumzed View Post
    Tariff barriers can have their place but they can create other barriers to trade and lead to other inefficiencies and more state meddling in markets. The result is more expensive steel which, in turn, results in (say) car production being more expensive and therefore less competitive. I am not sure whether this particular state intervention is a good idea or not - it is certainly good for Trump as it helps to replenish his falling support base (I doubt he is doing it because he feels bad for the out-of-work steel workers).
    I believe that he is doing it because he promised to take steps to protect and restore the US's heavy industry as part of his election campaign. Good to see him not going back on this promise, even if the virtual deadlock in Congress where the Democrats and a small number of rogue Republicans torpedo many of his attempts to honour his other promises. He has never denied that the interests of the USA are his over-riding priority.

    And no I am not a supporter of Trump (or Clinton!) but he should not be used as global whipping boy for all that has gone wrong or might go wrong in the world. The EU is as much a creator of tariff and other protectionist trade barriers as the USA.

  6. #16
    Join Date
    Apr 2016
    Posts
    927
    Thanks
    21
    Thanked 139 Times in 116 Posts
    Quote Originally Posted by Major Sinic View Post
    The EU is as much a creator of tariff and other protectionist trade barriers as the USA.
    The EU is the body that put sanctions on Russia, while it literally wires billions of Euro to Erdogan who is tearing northern Syria into pieces
    ęThe Muslims refuse our culture and try to impose their culture on us. I reject them, and this is not only my duty toward my culture - it is toward my values, my principles, my civilization.Ľ - Oriana Fallaci

  7. #17
    Join Date
    Jun 2018
    Posts
    3
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Wasn't it a European country that got him elected?

Similar Threads

  1. Replies: 7
    Last Post: 08-03-2018, 02:15 PM
  2. Corbyn to set out 'tariff-free' Brexit plan
    By stevectaylor in forum Brexit
    Replies: 29
    Last Post: 28-02-2018, 08:59 AM
  3. Lord Rennard allies threaten action
    By stevectaylor in forum Political News
    Replies: 2
    Last Post: 19-01-2014, 12:46 AM
  4. War on thousands of local borough council 'non-jobs'
    By soloman in forum United Kingdom Politics & Political Forum
    Replies: 4
    Last Post: 20-02-2011, 01:27 AM
  5. Unions threaten strike action
    By soloman in forum United Kingdom Politics & Political Forum
    Replies: 1
    Last Post: 13-09-2010, 07:21 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •