The Following from the MP for Clacton -Doug Carswell's Blog
The EU is sinking
Allister Heath, one of our top economic commentators, reminds us in
today’s City AM of the speed with which industrial production has moved from the West;
“In 2008 ... China produced more steel than the USA, the EU and Japan put together. ... China is now also by far the world’s leading car producer, turning out 13.8m units in 2009 .... [Her] share of world car production rose from 3.6 per cent in 2000 to 8.6 per cent in 2005 and 22.6 per cent in 2009. From 2000 to 2009, India’s production of motor vehicles rose more than threefold while Brazil’s doubled.”
And they manage all that without being part of the EU.
I used to assume de-industrialisation was an inevitable, organic process – a consequence of free trade and the free market. We’d shift from being an industrial economy to a tertiary economy, I thought, much as we once changed from being an agrarian economy.
I’ve changed my mind. Deindustrialisation is not the consequence of advanced development, but of the growth of big government.
Western wealth creators generally, and EU one's in particular, in almost every economic sector need official permission and quangocrat approval to produce. It is sobering to reflect on the fact that communist China’s provinces and special economic zones have greater autonomy from Beijing over regulatory and economic matters than EU member states have from Brussels.
EU wealth creators must pay high rates of tax to carry the burden of quangocrat salaries and pensions.
At the same time, successive Western governments have pursued monetary policies since 1971 that in their various ways put the interests of debtors and consumers ahead of savers and producers.
The result is that fewer and fewer people in the West produce things.
Posted on 5 August 2010 by Douglas Carswell
I tend to agree with a lot of the above, but what do you think?
The EU is sinking
Allister Heath, one of our top economic commentators, reminds us in
today’s City AM of the speed with which industrial production has moved from the West;
“In 2008 ... China produced more steel than the USA, the EU and Japan put together. ... China is now also by far the world’s leading car producer, turning out 13.8m units in 2009 .... [Her] share of world car production rose from 3.6 per cent in 2000 to 8.6 per cent in 2005 and 22.6 per cent in 2009. From 2000 to 2009, India’s production of motor vehicles rose more than threefold while Brazil’s doubled.”
And they manage all that without being part of the EU.
I used to assume de-industrialisation was an inevitable, organic process – a consequence of free trade and the free market. We’d shift from being an industrial economy to a tertiary economy, I thought, much as we once changed from being an agrarian economy.
I’ve changed my mind. Deindustrialisation is not the consequence of advanced development, but of the growth of big government.
Western wealth creators generally, and EU one's in particular, in almost every economic sector need official permission and quangocrat approval to produce. It is sobering to reflect on the fact that communist China’s provinces and special economic zones have greater autonomy from Beijing over regulatory and economic matters than EU member states have from Brussels.
EU wealth creators must pay high rates of tax to carry the burden of quangocrat salaries and pensions.
At the same time, successive Western governments have pursued monetary policies since 1971 that in their various ways put the interests of debtors and consumers ahead of savers and producers.
The result is that fewer and fewer people in the West produce things.
Posted on 5 August 2010 by Douglas Carswell
I tend to agree with a lot of the above, but what do you think?
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