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The UK economy is a pyramid scheme. There's no focus on building expertise and keeping it here. There's no investment in up and coming industries. There's pract

The UK economy is a pyramid scheme. There's no focus on building expertise and keeping it here. There's no investment in up and coming industries. There's practically no long term plan. We went through 10+ years of low interest rates where we could have invested all over the country and instead we just cut and cut and cut. Now we go through a period of high interest rates and the country falls apart. The only way this economy works is by importing cheap labour. We have an entire farming industry that relies on foreign workers with low standards of living. How on earth is it sustainable?

deleted 3y ago
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candiodari 3y ago
But this is a problem all over Europe. You could say it's worse in Italy than it is in the Netherlands, but even in the Netherlands politics are on a serious collision course with reality. I can't think of a single country where they have the labor they need, certainly not high-skilled but low-skilled is a problem too. Mostly the problem is pay, or to put it another way, you cannot make enough money of low-skilled labor to pay decent wages, which results in no available labor. Something needs to give. Either we need a housing crash serious enough that historic city centers see across the board drops in rent, or we need serious tax cuts. And that points out another problem: people have the idea that they have seriously lost quality of life in the past 10 years. I think they're right in most respects, from housing to medical care to pensions, but of course it's more nuanced than just that. People want a big change in politics everywhere, it's just that that mostly means different things in different countries (although extreme-right is profiting everywhere). I'm kind of afraid of extreme-right getting an outright majority in a big European country in the next set of elections. Wherever this goes, it doesn't seem like it's much a Brexit problem.

deleted 3y ago

[deleted]

candiodari 3y ago

But this is a problem all over Europe. You could say it's worse in Italy than it is in the Netherlands, but even in the Netherlands politics are on a serious collision course with reality. I can't think of a single country where they have the labor they need, certainly not high-skilled but low-skilled is a problem too. Mostly the problem is pay, or to put it another way, you cannot make enough money of low-skilled labor to pay decent wages, which results in no available labor. Something needs to give. Either we need a housing crash serious enough that historic city centers see across the board drops in rent, or we need serious tax cuts. And that points out another problem: people have the idea that they have seriously lost quality of life in the past 10 years. I think they're right in most respects, from housing to medical care to pensions, but of course it's more nuanced than just that. People want a big change in politics everywhere, it's just that that mostly means different things in different countries (although extreme-right is profiting everywhere). I'm kind of afraid of extreme-right getting an outright majority in a big European country in the next set of elections. Wherever this goes, it doesn't seem like it's much a Brexit problem.