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Well, Brexit took the spot previously. Not sure if US can top it, but they sure as hell trying.
by gambiting 2y ago
Well, Brexit took the spot previously. Not sure if US can top it, but they sure as hell trying.
- grandempire 2y agoAll the catastrophic things that were predicted form Brexit didn’t really happen though
- enraged_camel 2y agoYes they did? Is this a joke? Or have you not been following the UK’s descent into poverty and irrelevance?
- grandempire 2y agoHere a few that were seriously threatened - all the major corporations would leave and there would be no jobs - collapse of the pound - start of wars within the UK and potentially with EU
- rayiner 2y agoThe UK’s GDP per capita trajectory diverged around the end of the Great Recession. That was before the Brexit vote (2016) and long before the actual Brexit (2020). France and Italy have been stuck in more or less the same doldrums since the same time: https://datacommons.org/place/country/FRA?utm_medium=explore&mprop=amount&popt=EconomicActivity&cpv=activitySource,GrossDomesticProduction&hl=en https://datacommons.org/place/country/FRA?utm_medium=explore...
- Ylpertnodi 2y agoAs a fairly regular visitor (for work), what particular doldrums are you referencing? Admittedly, the loss of the US market will be a big blow for exports, but the anti-US (Trump) feelings strongly would put up with a financial hit rather than dealing with Mr. Loopy. And Tesla's are becoming very unpopular...and unsellable.
- rayiner 2y agoThe per capita GDP of France, Italy, and the UK have been flat since 2009.
- hn_throwaway_99 2y agoI'm not disagreeing with your main point (by a host of metrics, the UK and EU have stagnated economically compared to the US since the end of the great recession), but I also don't think GDP per capita is the best metric to use here given widening levels of inequality. Median income levels taking into account government transfers are much more informative in my opinion.
- deleted 2y ago[deleted]
- Aloisius 2y agoEm. Those aren't inflation adjusted. - UK - https://fred.stlouisfed.org/series/NYGDPPCAPKDGBR https://fred.stlouisfed.org/series/NYGDPPCAPKDGBR - FR - https://fred.stlouisfed.org/series/NYGDPPCAPKDFRA https://fred.stlouisfed.org/series/NYGDPPCAPKDFRA - IT - https://fred.stlouisfed.org/series/NYGDPPCAPKDITA https://fred.stlouisfed.org/series/NYGDPPCAPKDITA It would be somewhat unusual if they didn't all look similarish given the level of trade between them. The UK government predicted a 2% reduction in growth over 15 years with a soft brexit compared to what it would have been otherwise, but seeing it on a graph may be difficult given those countries were also hurt by Brexit.
- dukeyukey 2y agoI'm as anti-Brexit as they come, but it didn't change the UK's direction much. It's still the 2nd richest European state (with the 1st declining fast), the 3rd largest tech ecosystem worldwide, one of the premier military powers. Brexit wasn't great, or even good, but it's not disastrous.
- casey2 2y agoif THIS comment isn't satirical then truly and honestly you should lay off the propaganda pipe.
- hermitcrab 2y agoIt is significantly worse the most pundits predicted.
- coldtea 2y agoNot tied to failing and increasingly irrelevant EU? What is significantly worse, is the governing clases continuing the same pre-Brexit policies and deals post-Brexit, to nullify it.
- redserk 2y agoThe UK is becoming a destination country for hiring low-cost services labor. Not exactly an endorsement of future success.
- grandempire 2y agoLow cost compared to what? California and New York? That’s also true of many states where finance and tech companies have smaller offices.
- hn_throwaway_99 2y agoI live in Texas and contract for a company based in Europe. Comparable UK software engineering salaries are about 1/3-1/2 of what my salary expectations are.
- grandempire 2y agoI would do a quick google search of Brexit news articles with the year 2016.
- hermitcrab 2y agoI was living in the UK at a time. Nobody worth listening to was predicting war or famine.
- nickpeterson 2y agoIt’s like blood letting, but less effective.
- lokimedes 2y agoYou have go go back to the collapse of the British empire to witness anything this grand. And that was driven by external factors.
- drawkward 2y agoThis is Russia driven. Its right out of Aleksandr Dugin's playbook for Russian political dominance: https://en.wikipedia.org/wiki/Foundations_of_Geopolitics https://en.wikipedia.org/wiki/Foundations_of_Geopolitics
- hrgak100 2y agoDugin had ideas of spheres of influence. Roughly speaking, he thought that America should be dominated by the US, Europe/Africa by the EU and Asia by Russia. This however coincides with the much older ideas of the technocracy movement, which was championed by Musk's grandfather Haldeman: https://en.wikipedia.org/wiki/Technocracy_movement#The_Technate https://en.wikipedia.org/wiki/Technocracy_movement#The_Techn... So it is not necessarily Russia driven, but surely RT has recently published an article that defends the Technate (RT is blocked, so here is a copy): https://thepressunited.com/updates/heres-why-trump-really-wants-to-get-his-hands-on-greenland-and-canada/ https://thepressunited.com/updates/heres-why-trump-really-wa... Europe is a bit slow in picking up on all this: Russia, the US and China are carving up the world and Macron calls a summit to determine how to make Russia and China eternal enemies. The EU (and Ukraine!) have been played since 2008/2014.
- deepsquirrelnet 2y ago> In the Americas, United States, and Canada: Russia should use its special services within the borders of the United States and Canada to fuel instability and separatism against neoliberal globalist Western hegemony, such as, for instance, provoke "Afro-American racists" to create severe backlash against the rotten political state of affairs in the current present-day system of the United States and Canada. Russia should "introduce geopolitical disorder into internal American activity, encouraging all kinds of separatism and ethnic, social, and racial conflicts, actively supporting all dissident movements – extremist, racist, and sectarian groups, thus destabilizing internal political processes in the U.S. It would also make sense simultaneously to support isolationist tendencies in American politics". It sounds like he’s less concerned about the west, but knows that there needs to be political chaos in order to prevent the US from interfering with Russia’s political goals. I guess that seems obvious at this point, but worrisome that the US government is now actively supporting of those goals. If you take an objective view that these are geopolitical conditions that would be beneficial to Russian objectives, and pair it with the concurrency of these things playing out, then it’s hard to see it as coincidence.
- enraged_camel 2y agoBrexit pales in comparison to the damage that has _already_ been done to the US federal government. The dust just hasn’t settled yet so most of it not visible right now.
- rayiner 2y ago[flagged]
- MVissers 2y agoAnd the Chinese will pick up the pieces in Africa and other places.
- rayiner 2y agoWhich is good for those countries. In my home country of Bangladesh, China is helping build infrastructure. While the U.S. was bankrolling left wing social and activist programs to destabilize the government (and ultimately contributed to the recent overthrow of the government, which will derail a decade of consistent growth).
- philipwhiuk 2y agoBut really bad for American world view, force projection and so on.
- rayiner 2y agoWhat “American world view?”
- insane_dreamer 2y agoChinese actions come with the same global political ambitions as the US foreign aid has. Don’t be naive as to their ends.
- enraged_camel 2y ago