• jabjoe@feddit.uk
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      1 year ago

      Better look from 2000, so you can see 2008, which is why Brexit and Trump happened. Economic chaos causes political chaos.

      https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?amp%3Bstart=2016&locations=GB-DE-FR-IT-ES&start=2000

      You can see it hit the UK worse in 2008. Question is, would the UK have normalized to where it was relative to others if 2016 hadn’t gone as it did.

      People have looked at exactly that. https://www.newstatesman.com/politics/brexit/2023/09/john-springford-britain-remain-eu

      I’ve never voted for a Conservative. Remain was not Conservative. It was a stupid gamble by Cameron to keep his party together. Instead it broke the country and the party, which is now full of crazies. On the morning of the result, my kids were watching Zootopia, about diversity and inclusion, and it was a gut punch the racist had won. I never thought the country would do this to itself. Since then Conservatives are literary calling themselves NatCs and endless upping the anti immigration popularist nonsense.

      • Bernie Ecclestoned@sh.itjust.works
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        1 year ago

        Stop quoting Springford, he’s a fantasist. No one can predict shit.

        Austerity did lead to it. As did the neoliberalisation and delusions of ever more political union would somehow fix it.

        And your chart shows the exact same thing as I’ve been telling you, UK is and was the 2nd largest economy in Europe. No change.

        • jabjoe@feddit.uk
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          1 year ago

          Dude is an economist. It’s not a hard science because ultimately, it’s all down to how people react. Looking at what the UK would be like without Brexit is of course fantasy, but you can do best guest based on economic theory. There are very few economist who think Brexit was a good idea.

          Austerity was the response to 2008. It was the wrong response and not what our most famous economist, Maynard Keynes, would have recommended. Austerity made 2008 direct effects, worse, but it’s all still 2008.

          The gap between Germany and UK went wrong for the UK in 2015. Germany clearly was less messed up by 2008, but the something else went wrong… In 2015, UK $2.93B, Germany $3.36B. Now it’s UK $3.07B and Germany $4.07B.