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Post by captainconfident on Jul 6, 2022 13:54:49 GMT
Pound reached 1.7 briefly. I bought my house in NL in 2000, transferring the entire sum at 1.65 so that rate sticks in my mind. In fact the Scots could have converted to the Matebele Gumbo Bean and have ended up relatively wealthier. The £ has steadily devalued against almost everything for the last century. This article explains why - loss of Great Power/ Reserve currency status. But since floating freely, the decline is to do with economic mismanagement relative to other countries. Other small country currencies comparable to Scotland tend have stronger and more stable currencies. creditwritedowns.com/2014/02/long-decline-great-british-pound.html#:~:text=The%20empire%20gradually%20disintegrated%20over%20the%20course%20of,dominance.%20But%20politicians%20were%20unwilling%20to%20accept%20this. The euro meanwhile, is at the same time rapidly devaluing against the US$. Concern for the future if the gas tap goes off. The only thing saving the Euro from another credit crisis caused by divergence between the responsible countries and the irrisponsible ones is that the gas problem drags down Germany as well. www.macrotrends.net/2548/euro-dollar-exchange-rate-historical-chart |
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registerme
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Post by registerme on Jul 6, 2022 14:27:12 GMT
I'm not even sure the Tories could provide a coherent opposition at the moment.
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registerme
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Post by registerme on Jul 8, 2022 9:33:21 GMT
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keitha
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2024, hopefully the year I get out of P2P
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Post by keitha on Jul 8, 2022 11:19:17 GMT
deleted
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adrianc
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Post by adrianc on Jul 9, 2022 7:23:05 GMT
First two sentences certainly nail it... "The dramatic collapse of Boris Johnson’s premiership is inseparable from Brexit. His rise to power was built on Brexit, whilst the spectacular immorality and mendacity that caused his eventual downfall were at the heart of the tawdry campaign he fronted that yielded Brexit."That aligns with my hopes/beliefs about the Starmer approach - that he's basically trying to tread a very fine line between alienating us remoaners and alienating the "red wall". The line about not making perfect the enemy of better is absolutely true. Frankly, I'd vote for a bacon sandwich if it brought the government back from the current extreme right... A government that wants to make things technically functional, if boring? BRING IT ON.
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Post by captainconfident on Jul 9, 2022 11:13:17 GMT
I thought this observation was educational:-
In suggesting some limited technical fixes Starmer’s approach neither excites nor repels anyone. And this is exactly the kind of detoxification of Brexit which is needed, because in some ways the entire Brexit saga has been about treating a technocratic question of institutions as a cultural and emotional one of identity.
I doubt that one in a million people both know and care about the difference between regulatory equivalence and regulatory alignment of sanitary and phyto-sanitary standards. So it’s no criticism of Starmer’s approach to call it dull. Brexit is dull, just as EU membership was dull. The tragedy is that it was made interesting. Making Brexit boring is perhaps the best thing that could happen.
Eventually, while not rejoining the EU, the UK will rejoin the Single Market sold back to us as Mrs Thatcher's great idea, but inevitably because the trade throttling of the border paperwork and proof of conformity requirements. Not to mention the economically more significant but seemingly abandoned in favour of fish, services trade.
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adrianc
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Post by adrianc on Jul 9, 2022 12:24:52 GMT
Eventually, while not rejoining the EU, the UK will rejoin the Single Market sold back to us as Mrs Thatcher's great idea, but inevitably because the trade throttling of the border paperwork and proof of conformity requirements. Not to mention the economically more significant but seemingly abandoned in favour of fish, services trade. And let's not forget the fourth of the indivisible freedoms of movement inherent in the single market... Goods Services Capital Labour That last one's the one that kicked Brexit off. Without that, Brexit would have been boring. Joe Public would not have cared in the slightest. Except here we are, with the realities starting to bite - both in the inevitable effect on the labour market here, and in the restrictions of movement on British nationals... "Project Fear", wasn't it? They need us more than we need them?
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michaelc
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Post by michaelc on Jul 9, 2022 12:52:28 GMT
Eventually, while not rejoining the EU, the UK will rejoin the Single Market sold back to us as Mrs Thatcher's great idea, but inevitably because the trade throttling of the border paperwork and proof of conformity requirements. Not to mention the economically more significant but seemingly abandoned in favour of fish, services trade.
Goods
Services
Capital
LabourThat last one's the one that kicked Brexit off. Without that, Brexit would have been boring. Joe Public would not have cared in the slightest. Except here we are, with the realities starting to bite - both in the inevitable effect on the labour market here, and in the restrictions of movement on British nationals... "Project Fear", wasn't it? They need us more than we need them? Sounds as theoretical and synthetic as something like "the means of production, distribution and exchange should be owned by all..."
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adrianc
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Post by adrianc on Jul 9, 2022 13:17:25 GMT
And let's not forget the fourth of the indivisible freedoms of movement inherent in the single market...
Goods
Services
Capital
LabourThat last one's the one that kicked Brexit off. Without that, Brexit would have been boring. Joe Public would not have cared in the slightest. Except here we are, with the realities starting to bite - both in the inevitable effect on the labour market here, and in the restrictions of movement on British nationals... "Project Fear", wasn't it? They need us more than we need them? Sounds as theoretical and synthetic as something like "the means of production, distribution and exchange should be owned by all..." Umm, you do know those four freedoms date back to the Treaty of Rome, 1957 - they predate the UK joining the European Community...
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michaelc
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Post by michaelc on Jul 9, 2022 13:54:29 GMT
Sounds as theoretical and synthetic as something like "the means of production, distribution and exchange should be owned by all..." Umm, you do know those four freedoms date back to the Treaty of Rome, 1957 - they predate the UK joining the European Community... Yes so much later than my quote. But the point is any tiny group of individuals will never be able to produce any kind of working system by dreaming up a load of virtual axioms.
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registerme
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Post by registerme on Jul 9, 2022 13:58:23 GMT
Umm, you do know those four freedoms date back to the Treaty of Rome, 1957 - they predate the UK joining the European Community... Yes so much later than my quote. But the point is any tiny group of individuals will never be able to produce any kind of working system by dreaming up a load of virtual axioms. Errm, the US Constitution? Anyway, do you think that a large group of individuals will have a higher chance of producing a working system? Or is the attempt to produce a working system simply not worth the effort?
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adrianc
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Post by adrianc on Jul 9, 2022 14:02:04 GMT
Umm, you do know those four freedoms date back to the Treaty of Rome, 1957 - they predate the UK joining the European Community... Yes so much later than my quote. But the point is any tiny group of individuals will never be able to produce any kind of working system by dreaming up a load of virtual axioms. In the immortal words of one of the 20th century's leading philosophers... "Anarchy for the UK. It's coming some time and maybe."
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michaelc
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Post by michaelc on Jul 9, 2022 14:05:30 GMT
Yes so much later than my quote. But the point is any tiny group of individuals will never be able to produce any kind of working system by dreaming up a load of virtual axioms. Anyway, do you think that a large group of individuals will have a higher chance of producing a working system? Or is the attempt to produce a working system simply not worth the effort? Erm...Ummm..Not following....
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registerme
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Post by registerme on Jul 9, 2022 14:11:10 GMT
Errm, the US Constitution? Anyway, do you think that a large group of individuals will have a higher chance of producing a working system? Or is the attempt to produce a working system simply not worth the effort? Erm...Ummm..Not following.... 55 delegates contributed to the creation of the US Constitution. Now I'm not pretending it's perfect, but it's done remarkably well for the 230 odd years it's been in use. So I am proposing the US Constitution as an example of a working system created by a tiny group of individuals that puts into doubt your assertion that such a thing is not possible.
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michaelc
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Post by michaelc on Jul 9, 2022 14:39:52 GMT
Erm...Ummm..Not following.... 55 delegates contributed to the creation of the US Constitution. Now I'm not pretending it's perfect, but it's done remarkably well for the 230 odd years it's been in use. So I am proposing the US Constitution as an example of a working system created by a tiny group of individuals that puts into doubt your assertion that such a thing is not possible. Ahh yes but they weren't proposing an economic system that hadn't been tried before. They were putting into law (as far as I know) or formalising a system that had continued for a long time. I'm no expert but I don't think any of it was an attempt to change the fundamentals of the economy as for example the system in Russia did 1917 with all the communist/marxist theory that a lot of people then had to endure. I was suggesting that these EU tenets definitely move in that direction of being untested economic reforms.
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