Re:Income inequality today may be higher today than in any o...
by crdoconnor on Saturday July 02, 2016 @09:47AM
(#12022491)
>protect jobs that are unsustainable or wanted protection from competition
A) Everybody wants protection from competition. Where do you think profits come from? There's no shame in wanting protection, especially not as the social safety net is hollowed out. If they were not subjected to austerian measures / offshoring in the heartlands the "remain" vote probably would have won.
B) The same economists who are absolutely certain that these people's jobs are unsustainable are the same economists who pushed for offshoring and were completely blindsided by the financial crisis in 2008. The experts thing rang true because economists have no credibility left any more.
In fact, the only economist I know of who actually saw 2008 coming wanted brexit (though not for economic reasons).
A) Everybody wants protection from competition. Where do you think profits come from? There's no shame in wanting protection, especially not as the social safety net is hollowed out. If they were not subjected to austerian measures / offshoring in the heartlands the "remain" vote probably would have won.
B) The same economists who are absolutely certain that these people's jobs are unsustainable are the same economists who pushed for offshoring and were completely blindsided by the financial crisis in 2008. The experts thing rang true because economists have no credibility left any more.
In fact, the only economist I know of who actually saw 2008 coming wanted brexit (though not for economic reasons).