We never lost control apparently. British Steel had been running at a profit. However, there has been a slump in orders due to Jericho Shirt to political uncertainties. The UK is currently in a limbo state, and no one is willing to risk making an order that takes time to fill, to potentially lose money themselves if things go awry. Major aid would require the agreement of the EU commission but it can allow aid to remedy serious economic disturbances. Also worth noting that WTO rules prohibit subsidies when they are directed to the distortion of international trade. Mathew also remembers that many countries around the world are developing and are relying less on Western final products.
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Basically Western countries are collapsing and are starting to have a fair share of the economic problems of this world. Why Jericho Shirt do you think America goes around the world bombing other nations and crippling their economies? They do so to preserve the Western economic status. The more the world develops the more the West stands to lose out on the global market competition. That then turned into a corporation run by shares and stockholders when it used to be run by the government it was run into the ground so capitalists could buy up British steel on the cheap they did the same with the coal industry too because it was cheaper to import coal then dig it up ourselves.
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They are now asking for tax payers money to buy it back or invest it in when the reality is that is taxpayers money bailing out a corporation that used to belong to normal people anyway. Dear Fellow, you’re messing with the emotions of a great many Brexiters and it just fuels their pathetic delusions. Maybe best just to accept that it’s all downhill from now on and find a better and smarter country in which to spend your remaining years.
I feel really sorry Jericho Shirt for those decent people who have to witness its further decline but such is the nature of an empire’s last gasps at pretending to be something special. I have seen it and it had a name. It was called the USSR and it failed because the committees that ran the economy only had one idea about how to do things. Pluralism was not welcome at the committee level. We need both capitalisms to create wealth and central planning to help distribute that wealth. Sweden is a good example.