5 ms·

What's "currently inflicting generational economic damage on themselves"? Would you do an ELI5?

kybernetyk 10y ago
My guess: Unreflected "Brexit" bashing. I don't think that's a proper topic for HN though.
schneidmaster 10y ago
They're referring to the UK/Brexit. There's a lot of opinions and some decently complex economics involved, but for a short summary, Brexit created economic uncertainty which acts as a general damper on business investment/growth, and if/when it's actually completed it will complicate foreign investment from elsewhere in Europe.
pjc50 10y ago
Brexit! When the Prime Minister was asked what this means, she replied with "Brexit means Brexit." http://www.bbc.co.uk/news/uk-politics-36782922 http://www.bbc.co.uk/news/uk-politics-36782922 When people have asked specific questions like "am I going to be able to continue to live here?" or "am I going to continue to receive scientific funding that is distributed by the EU?" or "how is this going to affect my business?", they haven't recieved answers. In the words of Douglas Adams, "This has made a lot of people very angry and been widely regarded as a bad move."
- blibble 10y ago
  > When people have asked specific questions like "am I going to be able to continue to live here?" ... they haven't recieved answers. the UK Government is has stated it will guarantee the right for EU citizens to remain, if the same right is given to Britons in rEU, however the European Union refuses to engage on the issue ("no negotiation without notification")
  - jlangenauer 10y ago
    It most certainly has not: https://www.theguardian.com/uk-news/2017/jan/09/uk-eu-citizens-right-remain-brexit-negotiating-capital-home-office-letter https://www.theguardian.com/uk-news/2017/jan/09/uk-eu-citize...
    - blibble 10y ago
      have you read the first line? > Home Office says in letter that it cannot give unilateral assurances until status of Britons in other EU countries is protected
      - kmonsen 10y ago
        Then maybe they should not exit the union? The brits have to come with all the answer, and can expect no help being given since they are the ones breaking up the relationship.
        ptaipale 10y ago
        I cannot quite understand the thinking behind this comment (even if I'm in a country staying in the union). It appears that some people in the union want to retaliate to the British for wanting to leave the union and thus insulting the honour of Juncker et al. They are even ready to shoot their own foot in retaliation, instead of just accepting that Britain leaves and life goes on, and new agreements are made, and trade goes on based on new agreements, for mutual benefit. Most assuredly the relationship of Britain and EU will have to be formed based on proposals and answers from both sides. It would be really, really strange if EU could make general schemes of preferential trade with Cuba and South Sudan but not Britain, out of sheer malice.
        julio83 10y ago
        Well we accept that UK leaves. UK now have to accept to leave the EU market. No issues just clarifications on accountablilities.
- nkkollaw 10y ago
  Ah, got it. Sorry, I didn't know what you were referring to. :-)
- Chris2048 10y ago
  Why would they get answers? They might ask well as if any particular stock is going to go up or down.
jlangenauer 10y ago
Yes, as others have pointed out, I was referring to Brexit, which has created a lot of uncertainty for those wanting to start or grow a business (and others, too).

My guess: Unreflected "Brexit" bashing. I don't think that's a proper topic for HN though.

They're referring to the UK/Brexit. There's a lot of opinions and some decently complex economics involved, but for a short summary, Brexit created economic uncertainty which acts as a general damper on business investment/growth, and if/when it's actually completed it will complicate foreign investment from elsewhere in Europe.

pjc50 10y ago

Brexit! When the Prime Minister was asked what this means, she replied with "Brexit means Brexit." http://www.bbc.co.uk/news/uk-politics-36782922 http://www.bbc.co.uk/news/uk-politics-36782922 When people have asked specific questions like "am I going to be able to continue to live here?" or "am I going to continue to receive scientific funding that is distributed by the EU?" or "how is this going to affect my business?", they haven't recieved answers. In the words of Douglas Adams, "This has made a lot of people very angry and been widely regarded as a bad move."

blibble 10y ago
> When people have asked specific questions like "am I going to be able to continue to live here?" ... they haven't recieved answers. the UK Government is has stated it will guarantee the right for EU citizens to remain, if the same right is given to Britons in rEU, however the European Union refuses to engage on the issue ("no negotiation without notification")
- jlangenauer 10y ago
  It most certainly has not: https://www.theguardian.com/uk-news/2017/jan/09/uk-eu-citizens-right-remain-brexit-negotiating-capital-home-office-letter https://www.theguardian.com/uk-news/2017/jan/09/uk-eu-citize...
  - blibble 10y ago
    have you read the first line? > Home Office says in letter that it cannot give unilateral assurances until status of Britons in other EU countries is protected
    - kmonsen 10y ago
      Then maybe they should not exit the union? The brits have to come with all the answer, and can expect no help being given since they are the ones breaking up the relationship.
      - ptaipale 10y ago
        I cannot quite understand the thinking behind this comment (even if I'm in a country staying in the union). It appears that some people in the union want to retaliate to the British for wanting to leave the union and thus insulting the honour of Juncker et al. They are even ready to shoot their own foot in retaliation, instead of just accepting that Britain leaves and life goes on, and new agreements are made, and trade goes on based on new agreements, for mutual benefit. Most assuredly the relationship of Britain and EU will have to be formed based on proposals and answers from both sides. It would be really, really strange if EU could make general schemes of preferential trade with Cuba and South Sudan but not Britain, out of sheer malice.
        julio83 10y ago
        Well we accept that UK leaves. UK now have to accept to leave the EU market. No issues just clarifications on accountablilities.
nkkollaw 10y ago
Ah, got it. Sorry, I didn't know what you were referring to. :-)
Chris2048 10y ago
Why would they get answers? They might ask well as if any particular stock is going to go up or down.

jlangenauer 10y ago

Yes, as others have pointed out, I was referring to Brexit, which has created a lot of uncertainty for those wanting to start or grow a business (and others, too).