Oh dear, the Chinese have been dumping cheap steel on the
market. But why not, it’s their steel? And if there is a market for it isn’t
that how trade is supposed to work; supply-demand and all that? When it comes
to competition it appears the little yella-fellas are winning; I suppose it is
all Margaret Thatcher’s fault. It usually is. Labour is attacking the Conservatives
for allowing this to happen and for honouring the Chinese president with a
state visit, but the close-downs at Redcar and the layoffs by Tata in Scunthorpe
are almost certainly just bad timing... unless they held off until now to make
a point. Certainly the state visit wasn’t just cobbled together in a few weeks.
Coal, cars, ship-building... all but gone. But didn’t
Labour preside over much of this anyway and wasn’t Blair’s government all about
putting the heavy horses out to grass and letting the money men in? It’s all
very well mounting protests at the loss of manual jobs and the ‘destruction of
communities’ but what did Labour ever do to rebuild those communities, other
than put them all on welfare forever? And what was Labour’s contribution to the
wholesale ‘cultural’ assault on communities such as Rotherham and elsewhere,
where concerns over massive expansions in segregated immigrant communities were
dismissed as racist?
What are the rules here? Loss of a thousand jobs in
Labour heartlands bad, bad and all the fault of the Tories, but importation of
hundreds of thousands of unskilled labour to do all the work in Labour
heartlands good, good and feel the diversity? Overwhelming public services by
unprecedented and unchecked immigration is good news, but making a few hundred
steelworkers unemployed is apocalyptically bad? There has to be some committee making
these position decisions, surely? What happened to the coopering industry? Were
there riots on the demise of the steel-rimmed wagon wheel trade? Who gave a fig
for the gas-lighters or turned out to march for lead and tin? Or were those
industries not emotive enough, not sufficiently photogenic enough to arouse a
guttural whine from Labour’s collective soul?
And while weeping for the steel, Labour is simultaneously
denouncing the establishment’s nurturing of potential inward investment worth £billions
and many thousands more jobs, which will typically go to yet more wonderful
immigrants because Labour wants its own people to wallow in their hurt to make
a point. Mounting its high moral horse, the party of perpetual opposition will
cheer on the moochers and wreckers and reject out of principle deals that could
dwarf the losses.
Steel[workers] recycling plant...
You can’t have it both ways, Labour; you don’t get to
have a moribund system of state control with subsidy of failed industry and
progress at the same time. When job losses loom you need your work force to be educated
and adaptable to be able to retrain and take up new roles and while you may
mourn, for a day, the demise of the old you have to embrace the new. Oh but, ‘education,
education, education’ was only ever a slogan and just as with any surpluses to
requirements the newly unskilled steel workers will be piled high and sold
cheap in the market of cheap labour created by the EU. It’s not just the
Chinese who are ‘Dumping down’.
It's only dumping if the Chinese are selling steel here below what they'd charge in China. As an internationally traded commodity that's pretty unlikely (if anything I'd be surprised if the Chinese didn't charge domestic buyers less to protect their domestic market from imports, eg by imposing tariffs on imported steel).
ReplyDeleteCutting the energy taxes and business rates here might make British steel competitive (but listen already to the howls when saving a few thousand jobs translates into making big cuts to the benefits of millions to pay for it). Otherwise what is really being clamoured for is massive subsidy. Which is something that to its credit the EU won't allow even if we were foolish enough to think that protectionism was the way to prosperity.
https://botzarelli.wordpress.com/2015/10/20/steel-yourself/