Freeports are dangerous

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  • Опубликовано: 21 июн 2024
  • Rishi Sunak’s very limited legacy will include the creation of freeports. They are, however, deeply dangerous places where the normal rule of law is suspended for the benefit of financial capital, usually at cost to the workers in the places and the communities that host them. As such, they undermine democracy. What could possibly go wrong?
    #freeport #uk #election2024 #trade
    ABOUT RICHARD MURPHY
    Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax’.
    This video was edited by Thomas Murphy.
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Комментарии • 166

  • @Nemo59646
    @Nemo59646 18 дней назад +33

    Hello from Teesside!
    Teesside freeport is smugglers paradise. The head of security is a convicted drug smuggler and he's the son of one of the two millionaire owners of the freeport.

    • @paulgibbons2320
      @paulgibbons2320 18 дней назад

      So what will change ?
      We already have a major drug crisis while in the EU.
      People back and forward to Amsterdam using free movement.
      People arguing against this as if it's a drug problem are in favour of free movement as if that would cause no drug problems whatsoever.
      No sense does it make. 😂

    • @Nemo59646
      @Nemo59646 18 дней назад +7

      @@paulgibbons2320
      Its a question of greed,nepotism and fourteen years of Conservative Party misrule. Teesside has some of the highest levels of deprivation in the UK. Drug use on Teesside is a way of dealing with the poverty of everyday life.Poverty caused by unnecessary welfare cuts by the then chancellor George Osborne. As for free movement it was a massive asset to small UK businesses. We are now headed for austerity 3.0 under Kier Starmer as the UK has imposed economic sanctions on itself via Brexit. Kier Starmer can do nothing about Brexit as we are not members of the EU club.

    • @paulgibbons2320
      @paulgibbons2320 17 дней назад

      @@Nemo59646 suddenly they are all gonna be happy under Labour. Lol 😆 literally nothing will change.

    • @paulgibbons2320
      @paulgibbons2320 17 дней назад

      @@Nemo59646 read it again. I never accused you of that.
      Someone's English is lacking.

    • @tones7mca
      @tones7mca 16 дней назад +1

      @@paulgibbons2320 Free movement of people, to live and work and travel, is not and never has been, a driver of drug related illegality.

  • @WVislandia
    @WVislandia 18 дней назад +28

    Why or how could the UK government impose these freeports without first getting the permission of the public to do so? It seems to me that that makes them illegal and thus should now be disbanded and re-thought.

    • @Minimmalmythicist
      @Minimmalmythicist 18 дней назад +3

      well, that´s not how the British political system works

    • @therealrobertbirchall
      @therealrobertbirchall 18 дней назад

      This is why they are letting local councils go bankrupt. Cut the rate support grant so the councils, in order to fulfil their statutory obligations are forced to sell of huge areas of council property to these scallywags to try to balance the books. Hundreds of school playing fields have been sold off since Thatcher and now they, the tories, are selling off the streets and industrial parks cheap. And calling them 'enterprise zones' which are Freeports without a port. Selling England by the pound.

    • @paulgibbons2320
      @paulgibbons2320 18 дней назад

      Illusion of democracy.
      If voting made a difference, they wouldn't let us do it.

    • @532bluepeter1
      @532bluepeter1 17 дней назад

      The Tory govt. is unaccountable. They have run amok.

    • @chris-terrell-liveactive
      @chris-terrell-liveactive 17 дней назад +3

      "Permission? ... from the.... public???!!" ( in a tone of the greatest disdain). "Democracy" is becoming like a Christmas decoration here, up for election time and crises, then packed safely away when we're all back at work or distracted.

  • @Nemo59646
    @Nemo59646 18 дней назад +25

    Private Eye has its eye on Teesside Freeport.

    • @paulgibbons2320
      @paulgibbons2320 18 дней назад

      BBC remoaner bias. You can set your watch by it.

    • @chris-terrell-liveactive
      @chris-terrell-liveactive 17 дней назад +3

      One of the few homes left for genuinely investigative journalists

    • @paulgibbons2320
      @paulgibbons2320 16 дней назад

      @@chris-terrell-liveactive left wing journalists 😆

  • @witlesswonderthe2nd883
    @witlesswonderthe2nd883 18 дней назад +11

    Just like the square mile then.

  • @rogerterry5013
    @rogerterry5013 18 дней назад +14

    Freeports were a feature of the post war period in Europe. I think all abandoned now as impractical.

    • @therealrobertbirchall
      @therealrobertbirchall 18 дней назад +4

      Camoron close all the free ports in the UK because he needed the tax revenue to make up for the deficit caused by the banking crash.

    • @up2now
      @up2now 18 дней назад +2

      The difference is that UK freeports allow state aid whereas it is banned in EU

    • @caterthun4853
      @caterthun4853 18 дней назад +7

      These are not the old style free ports. It's whole areas controlled by a corporation...None UK owned.

  • @AlexAdam65
    @AlexAdam65 16 дней назад +2

    Living in a freeport is dangerous too. Especially as Gove has given them the right of compulsory purchase orders. Say goodbye to your business, let alone your house....or your protections under ECHR

  • @magravy1
    @magravy1 18 дней назад +11

    I must have missed the consultation on the Freeport’s
    They sound like a dangerous place to work?

  • @rememberyoureawomble1816
    @rememberyoureawomble1816 18 дней назад +9

    They are misleading,Plymouth ‘free port’ for instance extends over 40 miles,and includes Dartmouth,
    and Dartmoor.

    • @fburton8
      @fburton8 18 дней назад

      Dartmoor? Bizarre! I wonder why that would be...

    • @rememberyoureawomble1816
      @rememberyoureawomble1816 18 дней назад +2

      Alexander Darwall was the land owner who tried to stop wild camping on his Dartmoor land,also head of a hedge fund,I doubt if the two things aren’t linked.

    • @fburton8
      @fburton8 18 дней назад

      @@rememberyoureawomble1816 I'd like to know what the motivations were for that.

    • @rememberyoureawomble1816
      @rememberyoureawomble1816 18 дней назад +1

      Hedge fund and Dartmoor probably wouldn’t normally appear in the same sentence.Darwall owns land that is obviously more valuable inside a Freeport,which has tax breaks and planning advantages.I can understand Plymouth benefitting from boosting the economy,but Dartmoor?You wouldn’t think Dartmoor land would be high value,but it’s worth more now.

    • @caterthun4853
      @caterthun4853 18 дней назад

      The corporate can reverse the UK government allowing access to Dartmoor..It's the company that sets the law

  • @lat1419
    @lat1419 18 дней назад +3

    Freeport being developed in S pembs too. Dreadful.

  • @abody499
    @abody499 18 дней назад +4

    2:24 people need to understand this exact point. It's not really even "a form of" - that's exactly what it is. The characters at the front always have corporate backing and do the work of corporations with the state apparatus.
    Once you get that straightforward point, the next question to ask is who is currently pulling the strings of governments.

    • @gordonwilson1631
      @gordonwilson1631 18 дней назад

      It’s not public need but private greed.
      They are not the same and must not be made so.
      Unfortunately the US dominates.
      Money doesn’t talk, it swears (BobDylan).

  • @colsylvester639
    @colsylvester639 18 дней назад +2

    Peculiar grasp on sovereignty of the nation, have the proponents of free ports, as the benefit is for the corporations not wider society. Corporations originating and having wealth offshore.

  • @gordonwilson1631
    @gordonwilson1631 18 дней назад +1

    We’re being led to Mussolini’s perfect corporate state.
    Face it, we’re already there and have been for a long time.
    This is bad. Worse than bad.

  • @davidmcintyre8145
    @davidmcintyre8145 18 дней назад +14

    We have to remember which two industries were most commonly practiced from freeports throughout history; piracy and smuggling(with a major side line in transporting involuntary labour)and while state sanctioned piracy even from the Westminster government and England is remember the nation that regards a state sponsored and funded pirate Drake as one of their greatest heroes is unlikely though possible these freeports are ideal for smuggling goods and slave labour into the UK

    • @therealrobertbirchall
      @therealrobertbirchall 18 дней назад

      The price of street drugs will crash.

    • @stephfoxwell4620
      @stephfoxwell4620 18 дней назад +2

      Drake was a privateer.
      Licensed to interdict Spanish trade.
      He was a hero for his excellent seamanship in defence of our islands against a much larger and aggressive Empire.

    • @davidmcintyre8145
      @davidmcintyre8145 18 дней назад +1

      @@stephfoxwell4620 Had Drake been shipwrecked and washed up on any non English or Ottoman shore between Iceland and North Africa he and his surviving crew would have been hung as pirates

    • @stephfoxwell4620
      @stephfoxwell4620 18 дней назад

      @@davidmcintyre8145 I don't think the French or Portuguese would have executed him nor any of the Hanseatic League.

    • @davidmcintyre8145
      @davidmcintyre8145 18 дней назад

      @@stephfoxwell4620 Drake had taken ships belonging to all three in his time

  • @spotontheroad1
    @spotontheroad1 17 дней назад

    Absolutely spot on.

  • @Willsilverun32
    @Willsilverun32 18 дней назад +4

    Sweat shops

    • @caterthun4853
      @caterthun4853 18 дней назад +1

      Correct... overseas workers can work in these new free ports and register as not being in UK. Cheapest labour

  • @sn4rff
    @sn4rff 18 дней назад

    thanks for this 🖤

  • @Dr.RiccoMastermind
    @Dr.RiccoMastermind 18 дней назад +3

    And politics ist allowing that. Wonder if this is also true for other European countries.
    Easy entry points for drugs as well, I guess, getting more and more important

  • @andyinsuffolk
    @andyinsuffolk 18 дней назад +7

    Yes - but Richard should apply the same thinking to all people regardless of geography. Discrimination by the state should be unconstitutional in a democracy - politicians offering to benefit or persecute any 'prefered' demographic is also 'fascism'.

    • @adenwellsmith6908
      @adenwellsmith6908 18 дней назад

      Such as special rules for EU nationals in the UK, who are 97% white. That's' fascist and racist.

  • @jackgreene5663
    @jackgreene5663 9 дней назад

    Sounds a bit like working on a pirate ship!

  • @alanrumble7238
    @alanrumble7238 17 дней назад +2

    Will Starmer ban them?

    • @sae447
      @sae447 16 дней назад

      No. Labour support Freeports.

  • @Minimmalmythicist
    @Minimmalmythicist 18 дней назад +1

    I think it just seems like making an internal tax haven in effect and what it will do is drive a lot of business from other poor areas to the one´s labled freeports. I.e Tescos will probably choose to open stores in an official freeport area, rather than somewhere that isn´t.

    • @WVislandia
      @WVislandia 18 дней назад +1

      Sadly it includes public services so people living in a freeport suddenly find that they have a corporation that is supposed to providing services and most likely won't do if the corporation thinks it can save a pence.

    • @Minimmalmythicist
      @Minimmalmythicist 18 дней назад +1

      @@WVislandia absolutely, the freeport scheme is a great con.

    • @chris-terrell-liveactive
      @chris-terrell-liveactive 17 дней назад +1

      Displacement /migration of existing businesses from other areas (often reliant on them) into the Freeport zone is one observed problem mentioned in the government's own pre-assessment, Office for Budget Responsibility I think.

  • @tones7mca
    @tones7mca 16 дней назад +2

    Any candidate or party that supports free ports, does not get my vote. Free ports are disgraceful.

  • @oldschoolhiphop1131
    @oldschoolhiphop1131 18 дней назад

    You were told many times during 2019 that corporate fascism was a clear and present danger, yet you flounced off because Corbyn hadn't spoken to you. Glad you're with the programme at last though.

  • @keithdonnelly8636
    @keithdonnelly8636 18 дней назад

    Can an incoming government end these Freeport schemes?

    • @sae447
      @sae447 16 дней назад

      Labour support them.

    • @keithdonnelly8636
      @keithdonnelly8636 16 дней назад

      Labour are the opposition. Never had power to end them... let's see what happens in government

  • @PhilipMatthewsPAEACP
    @PhilipMatthewsPAEACP 18 дней назад

    Real allodial land for everyone would correct everything!

  • @taichi500
    @taichi500 18 дней назад +2

    Taking back control?

  • @Gert-DK
    @Gert-DK 18 дней назад

    Hi Richard
    Do you really know what fascism is? The word comes from the Italian trade unions. The young Mussolini was actually active in the Unions, and to he's death he said he was a socialist and repeated it seconds before he's death.

    • @julianshepherd2038
      @julianshepherd2038 18 дней назад +2

      He was a corporatist.
      Google it.

    • @Gert-DK
      @Gert-DK 18 дней назад

      @@julianshepherd2038 Do you know what socialism is? As a corporatist, he would also be a socialist.

  • @aac74
    @aac74 18 дней назад +1

    Bollocks, when Mussillini (one of the most famous Marxists in the world) talked about the corpus he wasn't taking just about companies he was talking about the 'body of society'. i.e. running society with all stake holders involved i.e. unions, the church, workers and companies etc...
    The most successful freeport of the UK was Hong Kong, if only we had put a stop to it!

    • @julianshepherd2038
      @julianshepherd2038 18 дней назад

      You misspelt his name and he was a Nationalist.
      Marxists are internationalist, by definition, they are not nationalists.

    • @julianshepherd2038
      @julianshepherd2038 18 дней назад +1

      Hong Kong is not in the UK😂

    • @julianshepherd2038
      @julianshepherd2038 18 дней назад +1

      Google Corporatism

    • @chris-terrell-liveactive
      @chris-terrell-liveactive 17 дней назад

      One of the original homes of sweatshops I believe, some involvement in the opium trade as well I recall...

  • @3d1e00
    @3d1e00 18 дней назад

    Freeports are just a mechanism to encourage investment in a country through geographical tax incentives. They can encourage manufacturing investments and thus workforce improvements by removing friction from imports and exports. By all means they are abused heavily, but that isn't an intrinsic problem with a Freeport that's just human corruption.
    It's basically "a way to rejuvenate an area through giving business a discount in investing there" if you want a take away sentence.

    • @julianshepherd2038
      @julianshepherd2038 18 дней назад

      Geography means the Cromarty Firth has already got more investment than it has workers.
      We need houses.

    • @3d1e00
      @3d1e00 18 дней назад

      @@julianshepherd2038 Not sure of relevance. We need lots of things.
      I was just describing the primary reason you would consider a Freeport. Basically the whole point of them.

    • @chris-terrell-liveactive
      @chris-terrell-liveactive 17 дней назад +2

      That's the declared intent but there's no evidence been presented to show a return on investment for taxpayers on the input of seed funds, tax discounts/exemptions, regulatory easement/facilitated planning/compulsory purchase process (= reduced costs) .. a hefty total. Uncertain numbers of jobs and some extra local business don't add up to that. The biggest slices of the pie seem to be going out of the area and country.. I've yet to get a clear answer from any political representative on this and they consistently avoid public meetings on the matter.. a pernicious scheme indeed.

    • @charliemoore2551
      @charliemoore2551 17 дней назад

      All they do is take investment from one place and put it in another.

    • @3d1e00
      @3d1e00 17 дней назад

      @@chris-terrell-liveactive don't disagree. One of the biggest issues I see is the inability to measure and learn. In business we do this at the inception of a project. For some reason with government and public money they don't care at all about whether it works. What I am trying to say is it's not trh Freeport concept that is in question for me, it's the competency of those who deployed it. We shouldn't write things off if idiots try to do it and fail.

  • @adenwellsmith6908
    @adenwellsmith6908 18 дней назад +1

    Make the whole of the UK a freeport.

    • @stephfoxwell4620
      @stephfoxwell4620 18 дней назад +3

      We need a Fairport Convention.

    • @adenwellsmith6908
      @adenwellsmith6908 18 дней назад +2

      And a Crosby Stills and Nash!

    • @charliemoore2551
      @charliemoore2551 18 дней назад

      Yeah! Let's make UK a haven for drug smugglers, money launderers and all the other crooks represented by Tufton Street.

    • @chris-terrell-liveactive
      @chris-terrell-liveactive 17 дней назад

      Your wish is being granted! Look at a map of freeport zones and Special Economic/ enterprise/investment zones, then check the small print..

  • @garyb455
    @garyb455 18 дней назад +5

    Singapore was made a Free Port many decades ago and has become one of the most successful places on earth. If you want growth and success for the UK this is the only way to get it. You will never Tax your way to prosperity.

    • @keithparker1346
      @keithparker1346 18 дней назад +9

      Define successful

    • @fburton8
      @fburton8 18 дней назад +4

      The richest 10% in Singapore earn over 20 times the poorest 10%. What’s not to like?

    • @xtc2v
      @xtc2v 18 дней назад +2

      @@keithparker1346 In economic terms within a nation I'd suggest it is having money to spend on the public good. After all governments main function is to collect money and redistribute it. In Britain's case there is no money

    • @andyinsuffolk
      @andyinsuffolk 18 дней назад +1

      @@xtc2v - 'After all governments main function is to collect money and redistribute it' - Not in a democracy.

    • @adenwellsmith6908
      @adenwellsmith6908 18 дней назад

      @@keithparker1346 Zero state debt.
      Migrants paying more tax than they cost.
      Criminal migrants deported.
      Workers own the wealth, not the state debts.
      ....