Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
It is not gloating, it is survival instinct. Sort of Host vs. Parasite. Since 160 years ago, when the removal of the Corn Laws [1,2] marked the triumph of the Finance and Insurance  over Goods Production (Agriculture and Industry), England's economy has been losing its strength. Their Offshore economy - these are trades typical of islands such as Singapore, Manhattan - is feeding on continental economies.

{1]The Corn Laws were a protectionist imposition of tariffs to imported corn.
[2]At which time a magazine called "The Economist" appeared to champion those laws and free trade in general.

by findmeaDoorIntoSummer on Tue Jan 15th, 2008 at 03:59:47 AM EST

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