3 ms·
I think this kind of mean reversion is actually worse than imagined. I'm not belittling the UK or anyone else; I just want to say that the governments of these
by yanhangyhy 1y ago
I think this kind of mean reversion is actually worse than imagined. I'm not belittling the UK or anyone else; I just want to say that the governments of these countries haven't prepared any contingency plans for this kind of crisis at all. The lost industrial capacity is almost impossible to recover, and they also have to face the impact of immigration issues. The lower classes in the US, the lower classes in China, and even the global lower classes live more miserably than people in the UK and the EU, but they work longer hours. This isn't a stable state(The UK and the EU also lack priority in military and technological aspects.), so major changes are bound to happen. It's just a matter of time—maybe just a few decades away.