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>But in reality, you are simply not going to succeed at that.
Well yeah, as I say: That's accepted in advance. (Indeed if you want my entire political attitude nowadays in a sentence, it's "Things can only get worse, but let's look at how they could be better.")
>And just what was the Hungarian government supposed to do when Nokia withdrew after the subsidies ran out?
Taking over assets would be one option. Setting different terms for market access in advance would be another. Finally, the importance of foreign investment is downplayed, because domestic investors can always be nudged towards domestic investment. (Admittedly, I suspect Hungary isn't in quite so powerful a position in that regard.)
>Governments and countries around the globe are up to their necks in debt, slow growth and sluggish tax revenue
Hence the preference for fiscal repression. Debt plunged from WW2 until the early 70s because of the way we strung up the financial sector.
>and that is the degree of a government's involvement in its country's economic affairs
This seems the kind of thinking that would make the NHS fungible with single-payer healthcare + privately owned hospitals.
>Also, don't forget that globalisation, for all its negative effects on mature post-industrial societies such as ours, has brought prosperity to many people in developing countries.
I feel many of those benefits could still be delivered. Remember that the preference isn't for zero trade, but for balanced trade. Strictly speaking we could leave phone manufacturing to China, so long as we build something else here to maintain balance within a reasonable period. (i.e. say 5 years, and in that 5 years even if we've a huge trade deficit with China, maybe we've got a huge surplus with the US, so we're balanced, and maybe China's also running an equivalent with Russia)
>people will just laugh at those silly Brits thinking they have weight to throw around by wanting to make labour scarcer in their country
I did note that the whole thing has to be set up multilaterally. I mean, step 1 is the capital-control system, and if we can't all agree to that a-la Breton Woods then we're done at the first hurdle. (We can't.)
>strikes and misery of the 1970s?
Always drawn to an excuse to post this: http://www.telegraph.co.uk/education/3337143/Remember-1976-Britains-best-ever-year.html
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