Most national governments understand that a strong domestic manufacturing base is essential if the country is to survive in a new age of authoritarianism 🖋️ SKinnock for ipaperviews
This is because China’s state-backed companies, Biden’s new Act and the imminent EU equivalent are likely to hoover up huge swathes of green investment and lead to the offshoring of green growth, good jobs and our economic security. Yet Britain’s leadership is ideologically opposed to doing anything about it.
‘Securonomics,’ as Labour’s Shadow Chancellor calls it, is based on her view that: “Globalisation as we know it is dead… We must care about where things are made and who owns them. [We need] a more active state, one that is willing to invest in building the capacity of the industries that will determine the nation’s success tomorrow.”
Of course, the transition should happen as a partnership between government, unions and employers, to ensure that workers are developing the skills they need for the economy of tomorrow. Decarbonisation must not mean deindustrialisation. But the cost of doing nothing will be greater to workers and business owners alike.
Belgique Dernières Nouvelles, Belgique Actualités
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