China has abused liberal trading rules by over-producing goods and dumping them on other markets.
To put that the correct way around, companies in China have increased our real wage.
‘N’ the next time Nick Timothy wants to tell us something about economics he can fuck off ‘n’ all.
And it has abused the openness of other economies to undercut rival businesses
It means we need to overcome our adherence to free market ideology
Why do we want to make ourselves poorer?
Yes, that’s the point of having a market based system idioto.
This requires a different approach to economic policy and, in particular, a new form of industrial strategy.
Why would we hand over the crafting of economic policy to someone clearly entirely ignorant of economics?
Similarly, one of the reasons Germany is so far ahead of Britain in its testing strategy is, ministers explain, that the Germans have Roche, one of the world’s biggest diagnostic companies.
Roche is Swiss you ignorant, ignorant, dingbat.
Together with our allies, we need to wean ourselves off our over-dependence on China, with more manufacturing production and assembly work shifting to other Asian countries, such as Vietnam, lower-cost European countries, such as Poland and Portugal, and back home in Britain.
We already tried Triumph Motorcycles (Meriden) Ltd.
We can lead the creation of new institutions to ensure peaceful economic competition between East and West.
But that peaceful economic competition is what you’re whining about!
Jeez, how’d this bloke ever get hired by a Tory?