Originally Posted By Hamwich
Originally Posted By 4/4sportsfun
I feel extremely sorry for the workforce and their families but if a business is not profitable it has to go.

I have no desire to support another failing industry whatever the circumstances of the demise.


Consider this scenario:

1. China uses its massive production capacity to dump steel onto European markets at less than production price
2. European steel industries cannot make a profit due to high fixed costs
3. Governments refuse to support the industries
4. Industries close down
5. China stops dumping cheap steel and puts the price up
7. We can't restart the steel industries as the capital cost is too high

Of course, China is a responsible and trustworthy country and wouldn't even remotely consider such a strategy.


I take your point exactly but we seem as a country to be accepting of these things.
Not so long ago we were capable of producing and exporting front line combat aircraft on our own, we then progressed to Eurofighter with European friends.
Our next fighter will come from the USA and it should be remembered that during the past two "proper wars" they were very reluctant to join in and help us out. This is an important strategic mistake IMHO and possibly far more of a threat than the Chinese.

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