4 ms·
If I had too guess problems are due to assets inflation (foreign buyers) + hard Brexit instead of staying in trading union like Switzerland.
by machiaweliczny 4y ago
If I had too guess problems are due to assets inflation (foreign buyers) + hard Brexit instead of staying in trading union like Switzerland.
- jmfldn 4y agoYep for sure. Asset inflation caused by things like quantative easing, the poorly-implemented covid furlough scheme and various other 'trickle up' economic policies over the decades, helped to fuel the rampant wealth inequality we see now. A lot of this money goes into property speculation for example. Sky high house prices are in no small part caused by this. Austerity measures also played a massive part in where we are now. Brexit hasn't helped either.
- 908B64B197 4y agoI think a lot of commonwealth countries are realizing now that allowing questionable foreigners to park their questionably acquired wealth into assets might have artificially have boosted their countries perceived prosperity, but was no substitute to real economic growth based on innovation. It's a painful to take a look at cities like London and Vancouver and compare them to SF and Seattle.