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You mean her political jiu jitsu of making council homes available for sale? Yes it created a new owner class that was enamoured with her, but the end conseque

You mean her political jiu jitsu of making council homes available for sale? Yes it created a new owner class that was enamoured with her, but the end consequence of it is probably the housing crisis/asset bubble that the UK has been living with for 15 years or so. Buying a council home did make a lot of new owners rich, but it's likely it harmed the long term prospects for the whole country. That was a lot of Thatcher. Deindustrialization annihilated the working middle class. In Germany industry was never destroyed for the sake of the service sector.

dukeyukey 3y ago
I don't disagree at all, and I never said I didn't. That said, I do think the UK is quite well placed to export services as opposed to goods - English-speaking, favourable timezone, strong body of corporate law, and a very good tertiary education system all favour services over goods. I'd also say the UK is more comparable to France, which deindustrialised to a similar degree.
Rinzler89 3y ago
>In Germany industry was never destroyed for the sake of the service sector. Until they ran out of cheap Russian gas. Germany also has a high level of wealth inequality. Buying a home there is a luxury for the rich now. Yeah, rent protections and what not, but good luck to the average German affording rent and utilities in 30 year on a pension.
- kranke155 3y ago
  The fact that you think Germany is anywhere near as deindustrialised as the UK, because of the increasing cost of energy, is a bit funny to me. The UK was brutally deindustrialised. The UK manufacturing output is 8.69% of GDP. https://www.macrotrends.net/global-metrics/countries/GBR/united-kingdom/manufacturing-output https://www.macrotrends.net/global-metrics/countries/GBR/uni... German manufacturing output is 18% of GDP in 2022. That's over twice the UK. https://data.worldbank.org/indicator/NV.IND.MANF.ZS?locations=DE https://data.worldbank.org/indicator/NV.IND.MANF.ZS?location... Look at data, stop reading sensationalistic news articles. I doubt that Germany has lost over half its industrial capacity since 2022.
  - dukeyukey 3y ago
    Worth seeing that the UK figure is comparable to the France, the US, Canada, and way higher than Australia. Germany is the outlier here.
    - kranke155 3y ago
      Absolutely Germany is the outlier. That's reason I mentioned it. From visiting and talking to people, it's one of the healthiest economies I've ever seen.

dukeyukey 3y ago

I don't disagree at all, and I never said I didn't. That said, I do think the UK is quite well placed to export services as opposed to goods - English-speaking, favourable timezone, strong body of corporate law, and a very good tertiary education system all favour services over goods. I'd also say the UK is more comparable to France, which deindustrialised to a similar degree.

Rinzler89 3y ago

>In Germany industry was never destroyed for the sake of the service sector. Until they ran out of cheap Russian gas. Germany also has a high level of wealth inequality. Buying a home there is a luxury for the rich now. Yeah, rent protections and what not, but good luck to the average German affording rent and utilities in 30 year on a pension.

kranke155 3y ago
The fact that you think Germany is anywhere near as deindustrialised as the UK, because of the increasing cost of energy, is a bit funny to me. The UK was brutally deindustrialised. The UK manufacturing output is 8.69% of GDP. https://www.macrotrends.net/global-metrics/countries/GBR/united-kingdom/manufacturing-output https://www.macrotrends.net/global-metrics/countries/GBR/uni... German manufacturing output is 18% of GDP in 2022. That's over twice the UK. https://data.worldbank.org/indicator/NV.IND.MANF.ZS?locations=DE https://data.worldbank.org/indicator/NV.IND.MANF.ZS?location... Look at data, stop reading sensationalistic news articles. I doubt that Germany has lost over half its industrial capacity since 2022.
- dukeyukey 3y ago
  Worth seeing that the UK figure is comparable to the France, the US, Canada, and way higher than Australia. Germany is the outlier here.
  - kranke155 3y ago
    Absolutely Germany is the outlier. That's reason I mentioned it. From visiting and talking to people, it's one of the healthiest economies I've ever seen.