• 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
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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.