Re: Misguided article
And change our name to Greece. though I see a lot of apparently British commentators all ready spell in American or use American examples. Perhaps we would be better off being Greece.
By the way, the author is a bit silly. Does he really believe the less taxed profits get spent on better salaries for British workers? The few actually employed n Britain that is or even the EU (at least we have got free access to work in the EU). I note how well British employers paid most of their employees in the good old days of Victoria and before when I suspect corporation taxes and wealth taxes were somewhat minimal.
If a firm takes full advantage of a country's infrastructure, (healthy employees, rule of law, peace, legal system, educational and training system ...) I can not see that it is wildly, evilly "lefty" to expect a direct contribution to that country and its people. That does sound a little like right wing capitalism I suppose: you want it, you pay for it.
I can half accept the EU thing, as the EU does a lot of redistribution, sponsors projects all over the place and all citiszens can treat it, for working purposes (even for health and education to some extent) as one, large "cantonal" area. But the idea that an USA or Chinese or similarly-based company can come in, grab an advantage over local industry and so harm us in the long term, bugger off when times get difficult here or at thome, take inducement grants from our begging bowls to do us the immense favour of ripping us off .... Grrrrrrr.
Such articles are interesting, spineless pontificating because the author does not know what to do about it or see beyond the economic theory in a world in which, as someone else pointed out, economists are rather good at being wrong rather often.