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> Greece/Italy/Spain/Portugual are destroying German and British wealth Just wait and see what "destroying wealth" means. England gave up on producing food du
by diego_moita 10y ago
> Greece/Italy/Spain/Portugual are destroying German and British wealth
Just wait and see what "destroying wealth" means.
England gave up on producing food during the Industrial Revolution, gave up on imperial colonialism after WWII and gave up on manufacturing after Thatcher. Now it is giving up on the services economy. It will be interesting to see what comes out of it.
Edit: Britain is not a paragon of fiscal responsibility. The only reason it hasn't been punished by the markets is because the markets are, to a great extent, in London. Things will change a lot.
- raugustinus 10y agoHow is the UK giving up on the services economy?
- diego_moita 10y agoThere's plenty of evidence, the finance industry has been sounding loud alarms for some time. But the very fact that you ask is an evidence that people are deliberately deaf to them. So, the best answer I can give you is "wait and you'll see".
- pjc50 10y agoPossible ending of free movement of people? Possible emigration of the finance industry because of that and because of loss of institutional "passporting"?
- deleted 10y ago[deleted]