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Yeah people a quick to forget that London is not what it is because of the EU. It has been a global hub for centuries.
by breakfastduck 6y ago
Yeah people a quick to forget that London is not what it is because of the EU.
It has been a global hub for centuries.
- specialist 6y agoRight. But isn't there some wrinkle where London loses the trades denominated in eurodollars by leaving the EU?
- coldtea 6y agoNot if the companies with the eurodollars can get tax haven in London...
- ashtonkem 6y agoAll of this is true, but people drastically overweight the recent past when predicting the future. The world is littered with cities that were global or regional hubs in the past. Things can change. This problem gets worse when the past becomes an argument for not taking the necessary steps to mitigate any potential change.
- addicted 6y agoThe UK was also the sick man of Europe before they joined the EU predecessors. The modern successful UK is almost certainly a consequence of closer collaboration with the EU. Almost none of the reasons the UK was successful before are true anymore.
- krona 6y agocloser collaboration - closer compared to what? The share of the UK's total trade that was with the EEC/EU fell during the time it was a member.
- coldtea 6y ago>The modern successful UK is almost certainly a consequence of closer collaboration with the EU. Is it? Or just neoliberalism via Thacher making it more alluring to modern capitalism (succesful for society is another thing) and the same cheap credit flood in the 90s+ that happened across the West?
- jiofih 6y agoAre they? Never heard of that being forgotten. Sounds like empty brexit fodder.
- im3w1l 6y agoThe Empire is no more though.
- ric2b 6y agoIt also used to be an empire, that's gone.