Jeez ! Thats worse than I thought
I always predicted that at some future point the workers in the (supposedly) third world countries manuacturing the imported products would ultimately want similar living standards to the markets they were supplying. Prices to us would escalate over a few years and the advantages importing cheaper goods would gradually be eroded. Our own once vibrant manufacturing industries (now gone) theoretically could 'tool-up' and start producing again........but I'd be very suprised if they would find anyone in the UK that would now want to do 'old school' poorly paid manual work..............however who would have ever forseen international shipping costs ecalating by factors of 7, 8 or more and the effects that will have. Couple that with the increased costs of imported energy costs and the Russian control of European gas distribution its actually a world war - the difference being that no shots are being fired............an economic war.
