Lie Buster

PL

Lie hunter

I don’t buy at all Peter Cochrane's rosy future promised by offshoring and globalisation . It,s worrying the lack of historical deep in this article that reminds me a promotion for offshoring. For example If we look back in the 70’s the European car industry was in danger of extinction by the cheap japanese car imports. The car industry lobbyists
Promptly obtained by governments import quotas and an increased custom duty for the Japanese cars. Hence their profits were unaffected.

The current offshoring is just another expression of the greedy quest of profit by the industrial establishment. Their lobbying resulted in the political class inertia to tackle this issue that affects a large part of population.

Yes the Offshoring must be regulated by a proper set of government laws that restrict companies to export jobs abroad.
The same companies that have set up in a nation and have profited from the tax payer money in terms of tax allowances, incentives, public services, etc. are supposed to give something back and create jobs in that nation.