The same people who tell you that GDP means nothing to the average person and that investments only go to the rich will tell you that Brexit was bad because it reduced GDP and investments.
Yeah, but long term it will increase GDP due to the UK being able to have better (fewer) regulations than those allowed by the EU. It does require Parliament getting it together.
I'm assuming this was posted to draw a parallel with current U.S. international policy, such as tariffs and protectionist measures, which share some fundamental similarities with Brexit.
I honestly believed that Britain would find a way to hold a second referendum before Brexit, given that the polling almost universally favored "remain" after the vote, and the vote itself was so close (52% to 48%). Now what surprises me is the lack of enthusiasm for Scottish independence (62% voted to remain), though I can't claim to keep up on Scottish politics. Maybe someone knows?
These are the dying days of neoliberalism where only a fasicst police state is capable of propping it up.
The core problem here, and pretty much everywhere else, is rising inequality. We have seen a truly massive wealth transfer from the poor to the rich (either directly or via the government) and we're rapidly reaching the point where the poor simply won't have anything left.
Post-GFC austerity measures have been an abject failure. Successfully blaming those failures on immigration (as what became the Reform movement did) directly led to Brexit because neoliberalism in the UK is uniparty. So here we are where Nigel Farrage is odds on favorite to be the next Prime Minister of the UK (barring whatever leadership coups take place in Labor in until the next election, at least 1 of which is expected).
So the problems of neoliberalism are blamed on migrants. There is no counter-narrative to that. So we see a rise in isolationism and nationalism. And nothing improves. Well done, the system works.
What I find particularly fascinating is that many who push this agenda fetishize the 1950s (particularly in the US), which is funny because there was vastly less inequality and the marginal tax rate (in the US) was 91%.
Switzerland and Norway have better navigated being on the edge of the EU but not in it. But Norway has vast oil reserves (and, to their credit, is using them for a sovereign wealth fund instead of minting a handful of billionaires). Switzerland was the banking center but is really losing that title. Britain was once the heart of a vast empire and it too is a financial hub and a center for international money laundering (ie real estate) but, much like Switzerland, it doesn't really produce anything anymore.
GDP is a measurement that doesn't reflect the wealth of the average voter and foreign investment less so.
What good is 8% higher gdp if that only belongs to richest. A lower gdp but higher wages is a win for the average citizen and a loss for the banking class.
Brexit was a loss for the banking class but win for the average person.
And their representatives didn't want to leave so decided to drag their feez and do a shit job of it anyway.
I didn't vote either way but I expect those paid to represent us to actually do it.
Who gained financially from Brexit? I mean in terms of the "elite" behind the scene. If no one gained that would be really weird. Someone or some group of people must have gained something, financially, even in an indirect way. Can you think of anyone who benefitted?
The few families that rule the UK were undecided if joining EU was benefiting, mainly for them, or not. They experimented, the experimemt failed and they cancel it. I believe the most important reason was that they felt subordinate to the Germans and couldn't predict this feeling beforehand.
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[ 2.2 ms ] story [ 38.5 ms ] thread(Dont know... dont have too much dog in fight)
How about some metrics on issue that led to Brexit?
It's a fucking mystery, isn't it ...
The core problem here, and pretty much everywhere else, is rising inequality. We have seen a truly massive wealth transfer from the poor to the rich (either directly or via the government) and we're rapidly reaching the point where the poor simply won't have anything left.
Post-GFC austerity measures have been an abject failure. Successfully blaming those failures on immigration (as what became the Reform movement did) directly led to Brexit because neoliberalism in the UK is uniparty. So here we are where Nigel Farrage is odds on favorite to be the next Prime Minister of the UK (barring whatever leadership coups take place in Labor in until the next election, at least 1 of which is expected).
So the problems of neoliberalism are blamed on migrants. There is no counter-narrative to that. So we see a rise in isolationism and nationalism. And nothing improves. Well done, the system works.
What I find particularly fascinating is that many who push this agenda fetishize the 1950s (particularly in the US), which is funny because there was vastly less inequality and the marginal tax rate (in the US) was 91%.
Switzerland and Norway have better navigated being on the edge of the EU but not in it. But Norway has vast oil reserves (and, to their credit, is using them for a sovereign wealth fund instead of minting a handful of billionaires). Switzerland was the banking center but is really losing that title. Britain was once the heart of a vast empire and it too is a financial hub and a center for international money laundering (ie real estate) but, much like Switzerland, it doesn't really produce anything anymore.
What good is 8% higher gdp if that only belongs to richest. A lower gdp but higher wages is a win for the average citizen and a loss for the banking class.
Brexit was a loss for the banking class but win for the average person.
seems to be somewhat of a stretch