4 ms·

I think that this is relevant. German industry has collapsed after the natural gas input from Russia got cut off. https://youtu.be/22M813tN9zk https://youtu.be

I think that this is relevant. German industry has collapsed after the natural gas input from Russia got cut off. https://youtu.be/22M813tN9zk https://youtu.be/22M813tN9zk

standardUser 3y ago
A major economy is facing a minor recession in the aftermath of a once-in-a-generation energy shock and a once-in-a-generation inflation spike. If history tells us anything, it's that major economic powers are phenomenally robust.
- FirmwareBurner 3y ago
  A lot of former major global economies have fallen off their peaks and never recovered. Britain used to rule the world and now ...
  - standardUser 3y ago
    ...and now Britain is a first-world economy with a very high standard of living and home to one of the greatest financial centers in the history of the world.
    - FirmwareBurner 3y ago
      And how much of that financial center wealth ends up working for the average Brit?
      - magicpin 3y ago
        How did being a major empire work for the average Brit?
        profunctor 3y ago
        Won them two world wars when losing is famously bad for the economy.
      - gruez 3y ago
        And how much of the British Empire wealth ends up working for the average Brit?
      - jddj 3y ago
        Not an insignificant amount, the construction industry for example extracts quite a bit
    - ben_w 3y ago
      About half of England (the bit closest to London) is in a good state, Wales not so much, likewise much of The North. How much of the blame you assign to the Tories, to Brexit, to Covid, and to the global economic repercussions of the Russian invasion of Ukraine, is up for debate; but the quality of life was very noticeably worse when I last visited friends and family back on the island, compared to my final pre-lockdown trip. However, none of that is quite as substantial as the colossal loss of relative power that came from the pyrrhic victories of the two World Wars that cost it control of the largest empire the world had ever seen, and left it losing a series of disputes over fishing rights to a country whose primary military forces are its coast guard.
      - FirmwareBurner 3y ago
        >left it losing a series of disputes over fishing rights to a country whose primary military forces are its coast guard Why shouldn't Iceland be in control of fishing in own waters and instead expect it to give it up to the UK to come and take as it pleases? Using your navy to take other country's resources is basically a war crime.
        ben_w 3y ago
        This particular series of disputes was regarding the increase of "it's own waters" from 3 miles from the coast to 12/200 miles and if that was even legit.
- rank0 3y ago
  This is not once in a generation for either of those things.
  - standardUser 3y ago
    The last time the West faced a major inflation spike with the mid-to-late 70's (and it was WAY worse than this), about a generation ago. The same can be said of the last major energy crisis. If you have facts I am unaware of feel free to share them.
ttepasse 3y ago
"collapsed" That would imply bankruptcies, mass unemployment, etc. But for some reason only the people on anglophile Youtube see this collapse. Germany mostly muddles through. That is not to say there are no problems. But "collapse" is an absurd hyperbole.

I think that this is relevant. German industry has collapsed after the natural gas input from Russia got cut off. https://youtu.be/22M813tN9zk https://youtu.be/22M813tN9zk

standardUser 3y ago

A major economy is facing a minor recession in the aftermath of a once-in-a-generation energy shock and a once-in-a-generation inflation spike. If history tells us anything, it's that major economic powers are phenomenally robust.

FirmwareBurner 3y ago
A lot of former major global economies have fallen off their peaks and never recovered. Britain used to rule the world and now ...
- standardUser 3y ago
  ...and now Britain is a first-world economy with a very high standard of living and home to one of the greatest financial centers in the history of the world.
  - FirmwareBurner 3y ago
    And how much of that financial center wealth ends up working for the average Brit?
    - magicpin 3y ago
      How did being a major empire work for the average Brit?
      - profunctor 3y ago
        Won them two world wars when losing is famously bad for the economy.
    - gruez 3y ago
      And how much of the British Empire wealth ends up working for the average Brit?
    - jddj 3y ago
      Not an insignificant amount, the construction industry for example extracts quite a bit
  - ben_w 3y ago
    About half of England (the bit closest to London) is in a good state, Wales not so much, likewise much of The North. How much of the blame you assign to the Tories, to Brexit, to Covid, and to the global economic repercussions of the Russian invasion of Ukraine, is up for debate; but the quality of life was very noticeably worse when I last visited friends and family back on the island, compared to my final pre-lockdown trip. However, none of that is quite as substantial as the colossal loss of relative power that came from the pyrrhic victories of the two World Wars that cost it control of the largest empire the world had ever seen, and left it losing a series of disputes over fishing rights to a country whose primary military forces are its coast guard.
    - FirmwareBurner 3y ago
      >left it losing a series of disputes over fishing rights to a country whose primary military forces are its coast guard Why shouldn't Iceland be in control of fishing in own waters and instead expect it to give it up to the UK to come and take as it pleases? Using your navy to take other country's resources is basically a war crime.
      - ben_w 3y ago
        This particular series of disputes was regarding the increase of "it's own waters" from 3 miles from the coast to 12/200 miles and if that was even legit.
rank0 3y ago
This is not once in a generation for either of those things.
- standardUser 3y ago
  The last time the West faced a major inflation spike with the mid-to-late 70's (and it was WAY worse than this), about a generation ago. The same can be said of the last major energy crisis. If you have facts I am unaware of feel free to share them.

ttepasse 3y ago

"collapsed" That would imply bankruptcies, mass unemployment, etc. But for some reason only the people on anglophile Youtube see this collapse. Germany mostly muddles through. That is not to say there are no problems. But "collapse" is an absurd hyperbole.