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by Amezarak
410 days ago
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The UK on a per capita GDP PPP basis is as poor, or poorer, than the poorest US state, Mississippi. [1] Immigration, trade policy, privatization, and financialization have cut the working class population off at the knees. It's an economically miserable country temporarily sustained only by the continued extraction of wealth in London, activity that continues only through inertia. This should be shocking given the starting point. https://www.theatlantic.com/ideas/archive/2023/08/britain-mi... Even side from that, I think the view that a country's good is defined by GDP is entirely wrong. Re: your migration comments, immigration is a matter of public policy. It is not possible unless the state encourages and allows it. It isn’t something that just happens because other people want to come. |
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Lets go through some basics, 40% of missippi's budget comes from federal money. California aint paying the tab of the UK, so yeah numbers look worse.
the UK budget for a person includes healthcare, and rent is cheaper (except london). On average UK residents have more disposable income and higher quality of life (longer life, fewer jail time, less child and mother deaths).
No one in the UK would trade their life for the same money, way more driving, worse food, no healthcare and a opioid epidemic all over the place.
> Immigration, trade policy, privatization, and financialization have cut the working class population off at the knees
the highest spending of the working class is housing which was cut by a conservative goverment to entrench purchasing power on the boomer generation. Cutting council house builds in the 70s was the biggest mistake in the recent history of the country
the idea of those kind of trade offs, similar to the US becoming a world currency is that the population would up skill. Replace mines with modern industries and services, which have higher quality of life and lower risk.
> It's an economically miserable country temporarily sustained only by the continued extraction of wealth in London, activity that continues only through inertia. This should be shocking given the starting point.
cool theory, but london is not continuing through inertia, it got ahead of wall street as a financial hub. We are literally the worlds largest financial centre. The fact that its not shared properly is an issue, but no country gets to be numebr 1 in such an incredibly competitive industry "through inertia"
> I think the view that a country's good is defined by GDP is entirely wrong.
why bring up missisippis then?
> immigration is a matter of public policy. It is not possible unless the state encourages and allows it. It isn’t something that just happens because other people want to come.
yeah an there is a need for immigrants. Between the lack of births, the lack of university spaces etc we need way more nurses than the UK can graduate per year for example. You also have the historical context of the UK being an empire and still having relationships with the countries it owned. There are plenty of people in Australia, Canda, Nigeria, India whose grandparents were born in UK, then moved to a different country and now their grandkids might wanna come back. Or grew up in an ex colony and think of the UK like many UK students think of europe, as somewhere to go an study or visit or dream of moving to some day.
You can make immigration harder or easier as public policy but it is also something that just happens. Outside of like north korea pretty much every country has people who come in and go out, for a myriad of reasons