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Prices are relative, especially in an economy that artificially manipulates it's currency. And their locally produced raw materials benefit from the virtual slave labor the workers endure. There were some appalling stories in mining in china recently.Quote:
Originally Posted by SammiValentine
And dino's right- crazy cute!
You're so cute it's actually a curse.Quote:
Originally Posted by SammiValentine
everythings relative somehow tbh lolQuote:
Originally Posted by MdR Dave
p.s thanks lol x
was it not Thatcher that pioneered freetrade,unregulated dealings, with regards to business/banking...?? I think so..
As a general set of principles yes, but they were developed before the 'Big Bang' of 1986 which stripped out some of the ancient practices in the City. Thatcher was not a one-eyed free marketeer, in fact her attitude to spending would have meant that the runaway credit that was partly fuelled by derivatives would have set alarm bells ringing, and many of the regulations that governed the City's dealers were not repealed in spite of the Big Bang. Thatcher's understanding of markets was sharper than Blair's, she married into money and never needed to make it and was not overawed by millionaires, unlike Blair and Mandelson who became addicted to wealth. My point is that even Reagan, and even Thatcher were capable of modifying their 'free-market' ideology; I just can't see a credit boom happening under Mrs T that we saw with her pale imitation Toni Blair.