The Mudcat Café TM
Thread #70451   Message #1203241
Posted By: The Fooles Troupe
08-Jun-04 - 11:53 PM
Thread Name: BS: Economic Terrorism??
Subject: RE: BS: Economic Terrorism??
One form of economic terrorism is insisting on global trade in certain items produced from the 'lowest cost producer'.

This madness results in dragging things such as perishables around the world (wasting huge amounts of resource such as fuel), when they would be setter off being produced locally - for the local economy would then be better off. The only winners are the Global Mandarins who are making a profit out of this 'trade' - often deceptively - for they are bullying Govts into massive subsidies, which just end up as profit in their pockets, which the taxpayers of those Govt lose out.

I have a jeweller friend. It is a fraction of the cost (to him) to air freight back and forth stones to be cut in Sri Lanka, than have them cut in Australia. Why? Because of the massive Govt subsidies to the 'trade' over there...

Now I'm not against those people with much wealth paying premium prices for fresh imported perishables out of season, per se... just against it becoming the 'accepted economic practice'.

Robin