Bombardied with Statism

With all the furore over Trump's decision to levy gargantuan tarriffs on Bombardier and the outcry in the British media over such wanton protectionism it has gone virtually unmentioned  that Bombardier has been bankrolled by the British government to the tune of billions of pounds and this approach to state cosetting of British industry is a perfect illustration of the mixed economy and the unholy alliance between business and State implicit within it.

If a company or corporation cannot exist survive and flourish without huge injections of state ie tax funded cash in the real world  ie a free market laissez faire capitalist system it would be left to fail and regarded as objectively an unsustainable, non productive  dud. But in the mixed economy corporate welfare world it is given huge infusions of state largesse which has provoked the Trump hostility regarding unfair trade practices and although his response is regrettable and lamentable and downright un American and anti capitalist it ill behooves the British government to cry foul when it is engaging in its own virulent strain of protectionism with its market distorting interventionism rendering it guilty to charges of rank hypocrisy and double standards.

Although this blog has been consistently critical and opposed to Brussels and all that emanates from it is it not one of its rules that the nation states of its respective members should expressly not be funding businesses and corporations thru their tax system or is it yet one more EU rule that is honoured more in the breach than the observance?