How the U.K. broke its own economy
theatlantic.com
How the U.K. broke its own economy
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Re: How the U.K. broke its own economy
#2[dead]
Re: How the U.K. broke its own economy
#3British economic dysfunction is an old, old story. My favorite quip:
"This island is made mainly of coal and surrounded by fish. Only an organizing genius could produce a shortage of coal and fish at the same time."
- Aneurin Bevan, British Labour politician, in a speech at Blackpool, 24 May 1945
Re: How the U.K. broke its own economy
#4Everyone who bought into neoliberalism in the 80s is now experiencing economies that are mysteriously failing to thrive. Correlation isn't cause, except when it is.
Re: How the U.K. broke its own economy
#5Aren't higher energy prices exactly what we need to combat climate change though?
Re: How the U.K. broke its own economy
#6Re: How the U.K. broke its own economy
#7Aren't higher energy prices exactly what we need to combat climate change though?
Not really. We need polluting energy sources to be charged for their pollution, ie stop using the atmosphere and land as a free sewer, which in turn will put renewables on an equal footing.
Though even without that, solar, wind, and batteries are already cheaper.
Re: How the U.K. broke its own economy
#8Aren't higher energy prices exactly what we need to combat climate change though?
Only high oil and gas prices specifically. And honestly, low gas prices is good if it helps move away from coal.
But unfortunately, even the most liberal political groups have walked back any interest in solving climate change at the margin. You see this with the endless life of the "100 companies cause climate change" misinformation.
Re: How the U.K. broke its own economy
#9Everyone who bought into neoliberalism in the 80s is now experiencing economies that are mysteriously failing to thrive. Correlation isn't cause, except when it is.
So what was the alternative? Continue with the disaster of central planning. Which is the actual thing that destroyed British industry.
Re: How the U.K. broke its own economy
#10Everyone who bought into neoliberalism in the 80s is now experiencing economies that are mysteriously failing to thrive. Correlation isn't cause, except when it is.
So what was the alternative? Continue with the disaster of central planning. Which is the actual thing that destroyed British industry.
Go back to what the western world was doing in the 50’s. High tax and high public spending. In 1950 the US had a top marginal tax rate of 91%. The 50s were great, let’s do that again.
https://www.forbes.com/sites/niallmccarthy/2021/04/26/taxing...