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Brexit was an incredibly stupid decision that was made real in an even more stupid way. That said, the UK is globally important country and has Europe’s only t

Brexit was an incredibly stupid decision that was made real in an even more stupid way. That said, the UK is globally important country and has Europe’s only truly global city in London. Not one other European city can wield the level of financial and soft power that London did and still does. the UK can indeed go it alone on the global stage and they well may. Their historical connections to the USA and the commonwealth realms are something no other European country has. They will likely struggle for a while but i would not be surprised if they managed to succeed in the longer term. the magnitude of their success would have been better inside the EU but alas…

ChuckNorris89 4y ago
> Not one other European city can wield the level of financial and soft power that London did and still does. Post-WW2 near bankrupt London got where it is today by being the global dirty money laundering capital of the world[1]. Not something to be proud of, although the economic opportunities in London are second to none vs the continental EU, including the tech sector. Brexit heavily benefited the financial industry there as now they'll have more room to launder away form EU regulators. The ones who got screwed were the small and medium businesses who made honest money by selling their products in the EU and the youth cheated away from free study and travel opportunities. They're now shafted. At this pace, the UK economy will turn into a Hunger Games dystopia with the financial elites in the London making insane money along with the service industry catering to the Wolf-of-Wallstreet sharks who work there and to the Saudi royals, Russian and CCP oligarchs who vacation and park their wealth there, while every other business in the rest of the country will be struggling, further eroding whatever is left of the middle class and the already underfunded social services. [1]https://www.youtube.com/watch?v=dDtLZ-l_ItE https://www.youtube.com/watch?v=dDtLZ-l_ItE
dmitriid 4y ago
> the UK is globally important country > Their historical connections to the USA You are parroting brexiteers' talking points who think that it's still the end of the 19th century. Reality is, while UK has (had?) a large enough economy to put it in the 6th place globally, it's simply dwarfed by EU, US, and China. As for Commonwealth... The Commonwealth has the EU, the US and China as the actual important global players. BTW, India's GDP has surpassed the UK's. And you could see it during Brexit. The UK had to renegotiate trade deals with all the countries, and Commonwealth countries with which the UK has "historical ties" couldn't care less about these ties and the UK's looming deadlines. Speaking of India, there's still no trade deal with India. Meanwhile EU is India's third largest trade partner, after US and China. UK is... number 18. Truly global and important. And this continues across the board. Companies had no issues relocating from London to EU countries to continue friction-free operation in one of the world's largest markets. London might not be the great big city for long, when momentum carrying it forward subsides.

ChuckNorris89 4y ago

> Not one other European city can wield the level of financial and soft power that London did and still does. Post-WW2 near bankrupt London got where it is today by being the global dirty money laundering capital of the world[1]. Not something to be proud of, although the economic opportunities in London are second to none vs the continental EU, including the tech sector. Brexit heavily benefited the financial industry there as now they'll have more room to launder away form EU regulators. The ones who got screwed were the small and medium businesses who made honest money by selling their products in the EU and the youth cheated away from free study and travel opportunities. They're now shafted. At this pace, the UK economy will turn into a Hunger Games dystopia with the financial elites in the London making insane money along with the service industry catering to the Wolf-of-Wallstreet sharks who work there and to the Saudi royals, Russian and CCP oligarchs who vacation and park their wealth there, while every other business in the rest of the country will be struggling, further eroding whatever is left of the middle class and the already underfunded social services. [1]https://www.youtube.com/watch?v=dDtLZ-l_ItE https://www.youtube.com/watch?v=dDtLZ-l_ItE

dmitriid 4y ago

> the UK is globally important country > Their historical connections to the USA You are parroting brexiteers' talking points who think that it's still the end of the 19th century. Reality is, while UK has (had?) a large enough economy to put it in the 6th place globally, it's simply dwarfed by EU, US, and China. As for Commonwealth... The Commonwealth has the EU, the US and China as the actual important global players. BTW, India's GDP has surpassed the UK's. And you could see it during Brexit. The UK had to renegotiate trade deals with all the countries, and Commonwealth countries with which the UK has "historical ties" couldn't care less about these ties and the UK's looming deadlines. Speaking of India, there's still no trade deal with India. Meanwhile EU is India's third largest trade partner, after US and China. UK is... number 18. Truly global and important. And this continues across the board. Companies had no issues relocating from London to EU countries to continue friction-free operation in one of the world's largest markets. London might not be the great big city for long, when momentum carrying it forward subsides.