5 ms·

That happened a long time ago, the realization was the 70s. Thatcher reversed the feeling by selling off the nation to rentiers and foreigners in the 80s, we r

That happened a long time ago, the realization was the 70s. Thatcher reversed the feeling by selling off the nation to rentiers and foreigners in the 80s, we rode that money in the 90s, and the wheels came off in 2008.

kurthr 1y ago
Brexit may have been the emotional response, but like most it didn't help.
- graublau 1y ago
  Is "emotional" supposed to trivialise the complaints? People would vote the same way now, most likely. The opinion hasn't shifted around much…
  - blipvert 1y ago
    Oh, it really has shifted. A lot. https://yougov.co.uk/politics/articles/52410-nine-years-after-the-eu-referendum-where-does-public-opinion-stand-on-brexit https://yougov.co.uk/politics/articles/52410-nine-years-afte...
    - graublau 1y ago
      [flagged]
      - blipvert 1y ago
        Yes, founded by a Brexit voting Tory I see your point.
  - p_j_w 1y ago
    >People would vote the same way now, most likely. The opinion hasn't shifted around much… I don't know where you're getting this information, but it's in stark contrast to all of the statistics I've ever seen on the matter. https://yougov.co.uk/politics/articles/51484-how-do-britons-feel-about-brexit-five-years-on https://yougov.co.uk/politics/articles/51484-how-do-britons-... Even Nigel Farage has called it a disaster. https://www.independent.co.uk/news/uk/politics/brexit-leave-remain-bregret-b2343546.html https://www.independent.co.uk/news/uk/politics/brexit-leave-...
    - graublau 1y ago
      Nigel Farage's entire career was built on Euroskepticism and you claim in 2025 he would vote REMAIN — what are you talking about??
      - gambiting 1y ago
        >>you claim in 2025 he would vote REMAIN Are you sure you replied to the right comment? Where have they claimed that?
        graublau 1y ago
        >People would vote the same way now my original comment
        ben_w 1y ago
        "People" is a collective, "Farage" is one person. For people collectively to change their behaviour does not require 100% of the individuals to also change their behaviour. Not even when the singular person is also calling the thing a failure.
      - ben_w 1y ago
        The original opinion poll in the other comment seemed quite clear: https://yougov.co.uk/politics/articles/51484-how-do-britons-feel-about-brexit-five-years-on https://yougov.co.uk/politics/articles/51484-how-do-britons-... Here's some Farage quotes, so you can see that there is no contradiction between the comment you were replying to (him saying it was a disaster is compatible with all this) and him still being a leaver: “I don’t think that for a moment,” Mr Farage replied when he was asked if the UK would have been better off staying in the EU, the world’s largest single market area. “But what I do think is we haven’t actually benefitted from Brexit economically, what we could have done.” “I mean, what Brexit’s proved, I’m afraid, is that our politicians are about as useless as the commissioners in Brussels were,” he added. “We’ve mismanaged this totally, and if you look at simple things…such as takeovers, such as corporation tax, we are driving business away from our country. “Arguably, now we’re back in control, we’re regulating our own businesses even more than they were as EU members. Brexit has failed.” - https://www.independent.co.uk/news/uk/politics/nigel-farage-bbc-newsnight-brexit-failed-b2339654.html https://www.independent.co.uk/news/uk/politics/nigel-farage-...
ToucanLoucan 1y ago
[flagged]
- billy99k 1y ago
  Everyone needs a scapegoat. Why not mention Carter and the near double-digit inflation Reagan faced at the beginning of his admistration and the fact that it was nearly half by the end of it? In the 90s, it brought us some of the best economic times we will ever see. So sure, lets rewrite history.
  - cjbgkagh 1y ago
    You can only do the financialization trick a few times and each time it is more damaging than the last. The end comes when it is no longer possible to outrun the delayed negative consequences. There is an attribution problem, like the straw that let broke the camels back, but for the final straw the back may not have broken, but responsibility lies with the weight in its totality.
  - ToucanLoucan 1y ago
    Oh hang the economy. I don't care about money, I care about people. I care about the incalculable number of folks who have suffered and died from the politics of austerity, in my country and the UK. I care about government services that no longer function because of this case of brain worms that tells people when a government office doesn't work, the solution is to cut it's funding because that's definitely going to help. I care about the alienation of everyone from everyone and everything, all of us trussed up in our little homes, completely disconnected from the effects we have on our communities because of this libertarian fantasy of you being and island and accountable to nothing and no one but your own piddly, small notion of what moves you forwards.
    - billy99k 1y ago
      "Oh hang the economy. I don't care about money, I care about people." You should care about the economy. More money means jobs and prosperity. Less people dying in the streets and more tax revenue to help the helpless. "in my country and the UK." The UK has universal healthcare and it's been touted for years as the best answer to healthcare. What happened? "libertarian fantasy of you being and island and accountable to nothing and no one but your own piddly, small notion of what moves you forwards." I see. You are still bitter about Brexit.
specproc 1y ago
Not sure why this was downvoted, maybe the use of "foreigners" is a bit loaded, but this is basically it. Every inch of our economy is now owned by some faceless fund. All serious capital generated in the country is extracted out into the pockets of fund managers and Californian pensioners. We're screwed until we can stem the outflow. I always thought taxing money leaving the country might be interesting way to approach the problem.
- gambiting 1y ago
  The response of "we cannot stop water companies dumping raw sewage into our rivers and lakes because it might impact profits of their Saudi Arabia investment funds" is really all we need to know about the issues. It's sickening.
  - jahewson 1y ago
    This is not true. There is no Saudi ownership of Thames Water. 90% or so is owned by Australian, European, and Canadian pension funds. Specifically it was the Macquarie Group (Australian) that loaded it up with debt and pushed it off a cliff.
- jahewson 1y ago
  It’s true that too much of the U.K. is a piggy bank for those who don’t live there, but that is true of much of the West now. > taxing money leaving the country might be interesting way to approach the problem. This would end very poorly because what the U.K. sorely needs is investment (to create new productive capacity). For example, Americans invested huge sums in North Sea oil and created an entire industry (before we destroyed it). Conversely, if you force people to keep wealth in the country then you just make things more expensive: they will bid up the price of property and the like. Nothing is added to the UK’s real economy by increasing the number of pounds flowing around in it - it’s only helpful if it’s invested. So what you actually want is tax breaks for foreign investment, but with some kind of ownership cap.
  - specproc 1y ago

kurthr 1y ago

Brexit may have been the emotional response, but like most it didn't help.

graublau 1y ago
Is "emotional" supposed to trivialise the complaints? People would vote the same way now, most likely. The opinion hasn't shifted around much…
- blipvert 1y ago
  Oh, it really has shifted. A lot. https://yougov.co.uk/politics/articles/52410-nine-years-after-the-eu-referendum-where-does-public-opinion-stand-on-brexit https://yougov.co.uk/politics/articles/52410-nine-years-afte...
  - graublau 1y ago
    [flagged]
    - blipvert 1y ago
      Yes, founded by a Brexit voting Tory I see your point.
- p_j_w 1y ago
  >People would vote the same way now, most likely. The opinion hasn't shifted around much… I don't know where you're getting this information, but it's in stark contrast to all of the statistics I've ever seen on the matter. https://yougov.co.uk/politics/articles/51484-how-do-britons-feel-about-brexit-five-years-on https://yougov.co.uk/politics/articles/51484-how-do-britons-... Even Nigel Farage has called it a disaster. https://www.independent.co.uk/news/uk/politics/brexit-leave-remain-bregret-b2343546.html https://www.independent.co.uk/news/uk/politics/brexit-leave-...
  - graublau 1y ago
    Nigel Farage's entire career was built on Euroskepticism and you claim in 2025 he would vote REMAIN — what are you talking about??
    - gambiting 1y ago
      >>you claim in 2025 he would vote REMAIN Are you sure you replied to the right comment? Where have they claimed that?
      - graublau 1y ago
        >People would vote the same way now my original comment
        ben_w 1y ago
        "People" is a collective, "Farage" is one person. For people collectively to change their behaviour does not require 100% of the individuals to also change their behaviour. Not even when the singular person is also calling the thing a failure.
    - ben_w 1y ago
      The original opinion poll in the other comment seemed quite clear: https://yougov.co.uk/politics/articles/51484-how-do-britons-feel-about-brexit-five-years-on https://yougov.co.uk/politics/articles/51484-how-do-britons-... Here's some Farage quotes, so you can see that there is no contradiction between the comment you were replying to (him saying it was a disaster is compatible with all this) and him still being a leaver: “I don’t think that for a moment,” Mr Farage replied when he was asked if the UK would have been better off staying in the EU, the world’s largest single market area. “But what I do think is we haven’t actually benefitted from Brexit economically, what we could have done.” “I mean, what Brexit’s proved, I’m afraid, is that our politicians are about as useless as the commissioners in Brussels were,” he added. “We’ve mismanaged this totally, and if you look at simple things…such as takeovers, such as corporation tax, we are driving business away from our country. “Arguably, now we’re back in control, we’re regulating our own businesses even more than they were as EU members. Brexit has failed.” - https://www.independent.co.uk/news/uk/politics/nigel-farage-bbc-newsnight-brexit-failed-b2339654.html https://www.independent.co.uk/news/uk/politics/nigel-farage-...

ToucanLoucan 1y ago

[flagged]

billy99k 1y ago
Everyone needs a scapegoat. Why not mention Carter and the near double-digit inflation Reagan faced at the beginning of his admistration and the fact that it was nearly half by the end of it? In the 90s, it brought us some of the best economic times we will ever see. So sure, lets rewrite history.
- cjbgkagh 1y ago
  You can only do the financialization trick a few times and each time it is more damaging than the last. The end comes when it is no longer possible to outrun the delayed negative consequences. There is an attribution problem, like the straw that let broke the camels back, but for the final straw the back may not have broken, but responsibility lies with the weight in its totality.
- ToucanLoucan 1y ago
  Oh hang the economy. I don't care about money, I care about people. I care about the incalculable number of folks who have suffered and died from the politics of austerity, in my country and the UK. I care about government services that no longer function because of this case of brain worms that tells people when a government office doesn't work, the solution is to cut it's funding because that's definitely going to help. I care about the alienation of everyone from everyone and everything, all of us trussed up in our little homes, completely disconnected from the effects we have on our communities because of this libertarian fantasy of you being and island and accountable to nothing and no one but your own piddly, small notion of what moves you forwards.
  - billy99k 1y ago
    "Oh hang the economy. I don't care about money, I care about people." You should care about the economy. More money means jobs and prosperity. Less people dying in the streets and more tax revenue to help the helpless. "in my country and the UK." The UK has universal healthcare and it's been touted for years as the best answer to healthcare. What happened? "libertarian fantasy of you being and island and accountable to nothing and no one but your own piddly, small notion of what moves you forwards." I see. You are still bitter about Brexit.

specproc 1y ago

Not sure why this was downvoted, maybe the use of "foreigners" is a bit loaded, but this is basically it. Every inch of our economy is now owned by some faceless fund. All serious capital generated in the country is extracted out into the pockets of fund managers and Californian pensioners. We're screwed until we can stem the outflow. I always thought taxing money leaving the country might be interesting way to approach the problem.

gambiting 1y ago
The response of "we cannot stop water companies dumping raw sewage into our rivers and lakes because it might impact profits of their Saudi Arabia investment funds" is really all we need to know about the issues. It's sickening.
- jahewson 1y ago
  This is not true. There is no Saudi ownership of Thames Water. 90% or so is owned by Australian, European, and Canadian pension funds. Specifically it was the Macquarie Group (Australian) that loaded it up with debt and pushed it off a cliff.
jahewson 1y ago
It’s true that too much of the U.K. is a piggy bank for those who don’t live there, but that is true of much of the West now. > taxing money leaving the country might be interesting way to approach the problem. This would end very poorly because what the U.K. sorely needs is investment (to create new productive capacity). For example, Americans invested huge sums in North Sea oil and created an entire industry (before we destroyed it). Conversely, if you force people to keep wealth in the country then you just make things more expensive: they will bid up the price of property and the like. Nothing is added to the UK’s real economy by increasing the number of pounds flowing around in it - it’s only helpful if it’s invested. So what you actually want is tax breaks for foreign investment, but with some kind of ownership cap.
- specproc 1y ago