Reply to post: Re: Everyone is missing the problem

Higher tech prices ARE here to stay. It's Mr Farage's new Britain

Missing Semicolon
FAIL

Re: Everyone is missing the problem

No. "Globalisation" did not exist until 1958.

Prior to that date, worldwide bulk generic containerisation did not exist.

Shipping stuff around the world was expensive and slow, so there were insurmountable trade barriers for low-value, high-volume products.

It was the release into the public domain of what became the ISO container that allowed for the huge mega-ships that can ship you 40 tons of stuff from anywhere to anywhere for about $500. And is why you can buy a manufactured item in a pound shop for less than the cost (here) of the raw materials.

Unrestricted importing like this, of both goods and labour, causes the importing economies to be full of customers but not employees.

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