By Paul Einzig

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Extra resources for The Case against Joining the Common Market

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Throughout the de 28 CASE AGAINST JOINING THE COMMON MARKET Gaulle regime, and even after the General's departure, she has been taking an independent line in economic as well as political spheres. Her partners found on many occasions that their choice was between deadlock through disagreement or agreement substantially on the French terms. There was very little 'give and take'; it was all 'take' and no 'give' as far as France was concerned. The reason why the EEC survived the costly concessions made by five member Governments to France time after time was that the economic disadvantages of the concessions were mitigated by the almost uninterrupted creeping inflation and expansion that was proceeding within the EEC as everywhere else.

A thousand pities that they cannot be brought about by merely wishing them to come about. If the British public could be persuaded that by joining the Common Market Britain's national income would rise faster, and more goods and services would become available for all, support for joining the Common Market would increase enormously. Under the influence of the prevailing growthhysteria people are willing to put up even with accelerating inflation for the sake of stepping up the rate of growth. They would be only too willing to put up with many disadvantages that would arise from joining the Common Market if they were made to believe that at that price their standard of living would increase faster.

Giant firms are in a position to increase further by mergers across their national borders. But even if we were to accept without reservation that the size of the domestic market is all-important, it would not prove the case for joining the Common Market. If the Commonwealth were to be amalgamated with EFTA it would create a free trade area with a potential absorbing capacity far in excess of that of the EEC. Admittedly the difference between wage levels in the EFTA countries and in the European-populated Commonwealth countries on the one hand and in the rest of the Commonwealth on the other hand might make it difficult for the former to admit unlimited quantities of industrial goods produced by the latter with the aid of cheap labour.

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