2 ms·
>Wait, that doesn’t track. Until 2020, Britain had one of the most open and trade dependent economies. That does track. The finance industry required an open e
by pydry 3y ago
>Wait, that doesn’t track. Until 2020, Britain had one of the most open and trade dependent economies.
That does track. The finance industry required an open economy. The actual "makes things" industries? Not so much.
Of the two the finance industry is much more vulnerable to deglobalization. Paper wealth can evaporate overnight.
- acdha 3y agoFinance is also much easier to move: all of the companies which shifted from CoL to their offices in finance hubs which are still in the EU just need offices, computers, and relocation bonuses for their employees. The lawyers are going to get small fortunes dealing with details but that’s still much lower inertia than something like a heavy industrial plant and its supply chain.