3 ms·
The bull case, given the US betrayal* of the notion of an order that includes Europe, is that the UK establishment will figure out their way to leverage their m
by OgsyedIE 1y ago
The bull case, given the US betrayal* of the notion of an order that includes Europe, is that the UK establishment will figure out their way to leverage their middle position between Europe and the US to act as a middleman for the U.S. looting the vast quantity of unsecured wealth in Europe and find a way to do this profitably enough to account for their uncompetitive resource import costs without giving cause for the U.S. to cut out the middleman. Like Hong Kong was for China in the 20th century, but with more extraction. Taxes are a red herring.
The workforce and legible but only occasionally officially perverted legal system are valuable, sure, but it's the 2020s. Plenty of places can offer that. As for the pivot to the right, it's a net gain for all UK citizens who don't outwardly present as a minority or can hide it, since they can suck up to one of the few big petroleum and food exporters at a discount.
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* footnote: It should go without saying, but Trumpism is just an expression of pre-existing vast sociocultural forces.