4 ms·

As he studies economics he is probably aware of quarterly GDP growth rates across the EU, including 2016/7 + projections. Or is GDP "sugar plum fairies and nat

by alva 10y ago

As he studies economics he is probably aware of quarterly GDP growth rates across the EU, including 2016/7 + projections. Or is GDP "sugar plum fairies and nationalism."?

toomuchtodo 10y ago
GDP is a poor reflection of quality of life. The US GDP is "healthy", yet the middle class continues to evaporate and people keep ODing in rural areas from no future prospects. EDIT: I suppose its okay to be poor if you were the one to make the decision. I hope for an educated electorate in the future.
- alva 10y ago
  So your original post was in regard to negative financial consequences, not quality of life. So far the UK has far exceeded expectations since Brexit especially compared to EU countries. Luckily you have articulated and agreed with one of the main drivers behind Brexit. Quality of life is not dictated by GDP. Brits were repeatedly warned of the potential economic (short and long-term) consequences of Brexit (short term turned out to be absolutely incorrect) but decided having full sovereignty was worth it. They decided Brexit would lead to a better quality of life even if it meant a weaker economy.
  - deleted 10y ago
    [deleted]
- Mikeb85 10y ago
  > I hope for an educated electorate in the future. It's not about the electorate being educated/not educated. Part of the problem is that the uneducated working class hasn't benefited as much as the educated/elites in society. Part of why globalism was pushed, is the idea that by outsourcing/eliminated manufacturing and other blue collar work, our society could become more educated, and focus on an 'information' based economy. What wasn't anticipated is just how many people would be left behind, due to many factors including inequality, rising education costs, and then the fact that not all blue collar workers are cut out for university/office jobs. Anyhow, both globalism and protectionism are valid economic policies, depending on what you want the outcome to be. My personal opinion - both are highly flawed, but no one is ready for anything more progressive.

by alva 10y ago

As he studies economics he is probably aware of quarterly GDP growth rates across the EU, including 2016/7 + projections. Or is GDP "sugar plum fairies and nationalism."?

toomuchtodo 10y ago

GDP is a poor reflection of quality of life. The US GDP is "healthy", yet the middle class continues to evaporate and people keep ODing in rural areas from no future prospects. EDIT: I suppose its okay to be poor if you were the one to make the decision. I hope for an educated electorate in the future.

alva 10y ago
So your original post was in regard to negative financial consequences, not quality of life. So far the UK has far exceeded expectations since Brexit especially compared to EU countries. Luckily you have articulated and agreed with one of the main drivers behind Brexit. Quality of life is not dictated by GDP. Brits were repeatedly warned of the potential economic (short and long-term) consequences of Brexit (short term turned out to be absolutely incorrect) but decided having full sovereignty was worth it. They decided Brexit would lead to a better quality of life even if it meant a weaker economy.
- deleted 10y ago
  [deleted]
Mikeb85 10y ago
> I hope for an educated electorate in the future. It's not about the electorate being educated/not educated. Part of the problem is that the uneducated working class hasn't benefited as much as the educated/elites in society. Part of why globalism was pushed, is the idea that by outsourcing/eliminated manufacturing and other blue collar work, our society could become more educated, and focus on an 'information' based economy. What wasn't anticipated is just how many people would be left behind, due to many factors including inequality, rising education costs, and then the fact that not all blue collar workers are cut out for university/office jobs. Anyhow, both globalism and protectionism are valid economic policies, depending on what you want the outcome to be. My personal opinion - both are highly flawed, but no one is ready for anything more progressive.