Showing posts with label exports. Show all posts
Showing posts with label exports. Show all posts
May 18, 2019
Sir, Martin Wolf writes that “In 2018 the EU’s exports to the UK were 79 per cent of its exports to the US and 153 per cent of its exports to China, though the UK economy was 14 per cent of that of the US and 21 per cent of China’s. The UK sent 47 per cent of its exports to the rest of the EU, against 13 per cent to the US and 6 per cent to China, though the US economy was 29 per cent bigger than the EU’s (excluding the UK), and China’s was only 16 per cent smaller.” “‘Global Britain’ is an illusion because distance has not died” May18.
It is not that very clear who depends most on whom for exports, Britain on EU, or EU on Britain? And I doubt you could really deduct that from these figures.
Nonetheless, that clearly evidences that it should also be in the interest of EU to come up with a counteroffer that could allow most of those who voted for Brexit to accept a Remain. As far as I know, there’s been nothing of that sort… even though, let me be very clear about it, neither does it seem Brexit proponents/negotiators have tried hard to propose something to EU that would make the Brexiters to accept a Remain.
In July 2017 in a letter to you I wrote: “I wonder why Martin Wolf, and most other influential Brexiters and Remainers, British foremost, supposedly, are not out there marketing the need for a very amicable Brexit, among all those Europeans that might wish the same, and who also the last thing they need, is for additional complications in their already hard as it is life.”
So why the lack of wanting to develop proposals that could bridge the differences between Brexiters and Remainers? Could it be, as is way too usual these days, that there is more political and financial profits in dividing than in uniting?
Sir, if so, what do we do about is, as that can only end up tragically bad, for all?
@PerKurowski
August 23, 2017
Though benefitting from the Euro, the weaker Euro-nations still pay quite a lot for Germany’s export advantages.
Sir, Paul Clifton writes about the advantages provided to German exports by the fact that other countries help to keep the Euro value down "The euro gives Germany a permanent cost advantage" August 23. That, which is entirely correct, should also have us refer to the disadvantages for those other.
In November 1998, just before the launch of the Euro, in an Op-Ed titled “Burning the bridges in Europe” I wrote: “The possibility that the European countries will subordinate their political desires to the whims of a common Central Bank that may be theirs but really isn’t, is not a certainty. Exchange rates, while not perfect, are escape valves. By eliminating this valve, European countries must make their economic adjustments in real terms. This makes these adjustments much more explosive. High unemployment will not be confronted with a devaluation of the currency, which reduces the real value of salaries in an indirect manner, but rather with a direct and open reduction of salaries or with an increase of emigration to areas offering better possibilities.”
And in November 2009, in a letter to you I asked about “what it would have looked like if for instance Greece still had the Drachma and Germany the Deutsche Mark… clearly Greece would be able to devalue and use that politically more friendly approach of being able to inflate yourself out of the problems, instead of having to impose Germanic discipline on their citizens.”
@PerKurowski
July 14, 2017
Any jury, given the facts on how Venezuela works, would in seconds, unanimously condemn Mr. Mauro Libi for corruption.
Sir, John Paul Rathbone writes: “As protests and violence engulf Caracas, the country is beset by shortages and endemic corruption. Amid the chaos, Mauro Libi has built a huge food business empire but his critics want to know how.” “Profits from empty shelves” FT, Big Read, Venezuela, July 14.
His critics want to know how? In a country in which a government centralizes 97% of all export revenues, and foreign currency is thereafter allotted not by free market operations but by mechanisms that require the approval of individual government bureaucrats, can there be any doubt that the fortune Libi derives from imports of food to Venezuela, as described by Rathbone, can be anything but the result of corruption?
FT, I am sure you would not dare try to justify any other possibility, and this even if the only consequence you could suffer from it was being laughed at?
Rathbone writes: “Mr Libi’s story, as he tells it, is of a resourceful businessman working against the odds… He even claims to be exporting oatmeal to the US”
Those readers of papers like FT, who can read statements like that, and do not feel like vomiting, prove themselves to be intellectual and immoral accomplices of the death of the many Venezuelans who are suffering from lack of foods and medicines.
Western civilization world, if something like Venezuela happened in your country, would you like the world to behave as indifferent as you do?
Western civilization, “We did not know” might have worked previously, but is nowadays a completely unacceptable excuse.
@PerKurowski
February 15, 2017
The fiercest manufacturing competition will be for the most capable robots, and there you never want to fall behind
Sir, Martin Sandbu writes “The economic nationalism of President Trump and Messrs Navarro and Bannon can be described as Germany-envy…Like so often with machismo, the envy is rooted in insecurity — a feeling of inadequacy compared with the perceived strength sported by these economies” “Trump’s love of manufacturing is misguided” February 15.
I can agree with much of Sandbu’s arguments, but that part of his article is simply under the belt out of place Trump bashing, which leads to nothing constructive at all. But, having gotten that out of my system, let me refer to another more vital issue.
When you lose manufacturing jobs, you do not only lose jobs, you lose skill-building opportunities; and to be able to retain some of the manufacturing skills in your country could also be part of your national security needs.
To understand that argument it suffices to read A.J. Baines “The Arsenal of Democracy”. Had America’s manufacturing capacity not existed in America, Sandbu would have lived under German rule, and I would not exists, since it was Americans that rescued my polish father from a German concentration camp… so perhaps we should both thank God for American “machismo”, and fret its possible disappearance.
Moreover, since “automation is reducing the need for manufacturing jobs everywhere” one can wonder if the dwindling manufacturing is not a great learning ground for robot and automation development. If so, giving up on that, one could face the serious problem of not ending up with the absolutely best robots.
Sir, I have tweeted: “God, please save my grandchildren from being dependent on dumb artificial intelligence and 2nd class robots”
PS. Of course there is also the great race for the most intelligent artificial intelligence.
@PerKurowski
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