Low wages in the Third World? First, these usually reflect low productivity. Second, most of the trading partners of the UK with which one associates low wages, such as Taiwan, actually don't have low wages any more.
End of the nation state? Until the 20th century there were no passports, no immigration controls, no border controls, little tax in most nations. The gold standard meant autonomy in monetary policy was severely restricted. Today, there are more nations than ever, they have more control over their citizens than ever, they are richer than ever.
MATTHEW J TURNER
London NW3Reuse content