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The UK can go back to being the richest country in the world

tomforth.co.uk

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Re: The UK can go back to being the richest country in the world

#11
> The interview was in London, the central city of three English regions (London, South East, and East) that have a total population of 20 million people that together hold Europe’s most populous urban area. The economy of this “Greater South East” of England is already stronger than any sizeable country in the EU and nearly as strong as the USA.

> So why doesn’t the Greater South East feel richer than the Netherlands, Denmark, or Austria? And why don’t the people Matt speaks to there feel that they’re already living in a place as economically successful as the USA?

I mean, for starters, isn't the fact that the strongest region is lower still than the full aggregate of those other countries a really bad sign?

Their chart is 2019 GDP per capita in 2015 dollars, compare with 2019 California-alone GDP per capita in 2012 dollars: https://www.statista.com/statistics/304615/california-gdp-pe... which is still a pretty damn large and heterogenous region (roughly twice the size of the part of England they selected). 70k 2012 dollars for 2019 California, what looks like ~57k 2015 dollars for that region of 2019 England. Possibly the PPP adjustment brings that closer, but it's not exactly a cheap region.

They then talk about the worse-off parts of England... and a lot about infrastructure specifically (trains especially), but of course the train infrastructure in California is pretty awful! And train infrastructure in some of the countries lower on that list than the UK is better than California's...

So what else is going on? This doesn't seem like the right lens to look through to try to right that ship at all.

Re: The UK can go back to being the richest country in the world

#14

Betteridge's law of headlines honorary mention. Edit: I consider this being flagged as grossly unjust as the original headline has a Can ... ? The fact of the matter is that it is absurd to think that the England (UK) can be anything be a diminishing nation.

Diminishing in an absolute sense, a per-capita sense, or in terms of its share of the pie? The first and second seem quite debatable.

Re: The UK can go back to being the richest country in the world

#16
post #8

The UK still has a heavily embedded caste or caste-like social circumstance. Pharma and finance have somewhat eschewed this tradition, but even those industries still have its embedded lords and ladies. Many of their smartest head to the US (or elsewhere), and Brexit has set them back decades from achieving the "richest country" status. A software engineer can double their earnings by moving to the US (if they can ma…

or move into Europe where the weather is great and life is happier (from someone who did). It's miserable in the UK and everyone agrees, though not everyone has the situation or balls to make the leap...

Re: The UK can go back to being the richest country in the world

#18
Simple answer: no. The economy of SE England is largely comprised of:

1. Shuffling money around 2. Socialist-level ponzi government spending 3. A combination of property flipping and high-end property overseas sales used for tax evasion

Innovation-wise, always looking for the easy wins without the hard work, unlike the US.

As a Brit and former resident, happy to have emigrated and escaped the >50% (soon to be increased) tax rates.

Re: The UK can go back to being the richest country in the world

#19
post #8

The UK still has a heavily embedded caste or caste-like social circumstance. Pharma and finance have somewhat eschewed this tradition, but even those industries still have its embedded lords and ladies. Many of their smartest head to the US (or elsewhere), and Brexit has set them back decades from achieving the "richest country" status. A software engineer can double their earnings by moving to the US (if they can ma…

or move into Europe where the weather is great and life is happier (from someone who did). It's miserable in the UK and everyone agrees, though not everyone has the situation or balls to make the leap...

What makes you think we are generally happier? Europe is experiencing a right wing shift due to people being unhappy. The coming years won't be good for any of us to be honest.
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