Tuesday, May 11, 2010

Please let laissez-faire go
Jeremy Fox, OpenEconomy

The prevailing neo-liberal ideology to which the UK is wedded rests on the idea of completely open borders to trade and capital flows. It is a dog-eat-dog world that places market competition as the prime motif of economic policy-making. Companies are free, even encouraged, to have their products made wherever it is cheapest to do so and to export them into the UK rather than have them manufactured locally.

(original)

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