except for the glaring fact that the pound was so high, due to being a financial instrument, that anything produced in the UK, any hard goods, were so expensive that people could not afford to buy those goods, outside of the UK. It has been seriously hurting the UK manufacturing base.Posted by meat suit (here)
I think you are exactly right....Posted by Longjohn (here)
Dear Guys,
Don't kid yourselves. Britain will now be the economic victim of its ill-informed parochialism. It did not vote to leave the EU on the grounds of sensible, well presented arguments. The 'Leave' campaign nailed its colours onto an anti-immigration, pro-sovereignty bandwagon. Both sides were guilty of negative campaigning, but at least the 'Remain' campaign warned people of the economic consequences of such a drastic change. If the Germans decided to leave the EU, then they would survive because they have a strong economy and the world needs its goods. The British economy is hopelessly weak, burdened with deficit and was only kept going by the positive perception of the financial markets.
Once the 'Leavers' get over their silly triumphalism, the party will turn sour and they will slowly realise the damage that this move will wreak on Britain's status in the world, its economy, their people's wealth, pensions and their own children's future.
From my own point of view, I'm an engineer working in Switzerland, but I have family in the UK. I see nothing but harm to young people's opportunities, Britain's educational institutions, its R&D base, its ability to attract investment, and for its people to believe that they are part of one world.
Britain will now retreat into its past glories...
With regrets,
John
To the point that the vast majority of UK goods manufacturing moved offshore, and the brand names were the only part still in the UK. This also happened in the USA, Canada, and Europe, overall.
The west was transformed into a welfare service economy that was heavily infiltrated by paper shuffling corporations and appendages that bled even that value from their remaining 'empty dance' paper shuffling economy.
A country cannot survive on it's core aspect being of a bureaucracy, which is what happened in the case of the old USSR, and places like North Korea.
When one gifts the fundamentals to the rest of the world ....and all that is left in a particular region... is paper shuffling.... and when that financial world system is in the hands of transnationals, you get "global country making and breaking" in the hands of people whom you don't even recognize as even existing.
We, in the worldwide sense.... MUST get this "financial system running rampant and applying a wrecking ball to the world" scenario, we must remove it's teeth and claws, as it is a brutal wrecking ball under the control of people who are in the dark and hidden.
Brexit is a symptom, not a fundamental cause, not a fundamental reality in cause of condition.
It's the sad reality of chasing a cure, and leaving the origin point in existence.... and never going after the disease or origin point.
Germany, on the other hand... KEPT it's manufacturing base, as they were wise and understood what is going on. They decoupled their electrical power grid, the source of the blood of any manufacturing base..they rebuilt their power grid into something that is not easily broken or taken down.
On the other side of the pond, the USA has worked hard to get it's greasy hands into Canada, in order to make sure it has a resource base, if and when any collapse occurs. In case of emergency, break glass (border) and eat Canada.
Canada has been held captive (never allowed to move forward or backward) in a very specific condition....via politics, corporations and financial instruments, just like Japan was held captive as a sweat shop for the past 70 years.