not wrong there, how many skint plebs win the lottery?
I don't have stats on that but, having worked for the Canadian Lottery Corporation, 80% of tickets are sold to the 20% of the population that can least afford them - chasing the dream ☹️.
not wrong there, how many skint plebs win the lottery?
The problem with the EU's freedom of movement (and I am not necessarily against it - just have some concerns) is that people always look at it in terms of people wanting to move for dream jobs etc. Or complain because they can't get cheap foreign labour for certain sectors.
They rarely look at the other side - of people forced to move because of economic disparity and lack of opportunity. An exploitative brain drain that countries such as France benefit from at the expense of peripheral countries - destroy an economy through austerity and then skim off young workers to solve your own domestic issues. Leaving the sending country with demographic imbalances and a lower tax base, but that doesn't matter, of course.
That's before we look at the fact that the reason they can afford to offer dream jobs is because the poorest people in other countries are paying the burden of bailing out their irresponsible fucking banks.
Back then, Greece would have been able to use currency devaluation to remain competitive. However, because the Euro does not allow this, then this structural imbalance means that peripheral economics cannot compete with the stronger core economies. This is the problem with currency unions that do not include fiscal transfers. Again, this is well discussed in the literature and we have covered it many, many times on this thread.
Thus, the economies of peripheral countries decline and shrink, private/public debts build up, and domestic production suffers. When they are forced to bail out foreign banks, undergo counter-productive austerity, and see national debts soar, then we are now in a worse place than we would have been.
As I have stated before, without the Euro, we would not be having this conversation and your point would stand - IMO, Brexit might not have happened. But, we do have the Euro and it has wreaked havoc. Even then, with better policies after the financial crisis, then things might have panned out differently. Sadly, the domestic policies of core countries dictated the response and shifted all blame and punishment shifted to the periphery (when blame belonged to everyone), so we are where we are - not a particularly good place.
As I said, the response to your rhetorical question is in two parts. Greece and other countries joining the EU, rhetorically without the Euro - the positives outweigh the negatives and I would be in full agreement. I don't have an issue with an EU - it is this EU I dislike..
For sure, you' have made these points many times! You might feel it repetitive because you've chosen to repeat of the list of the drawbacks of EU membership - where my non-rhetorical question was probing where Greece would be if it had never joined. There have been, I presume, benefits of EU membership as well as drawbacks.
Greece could have devalued. Helpful in making tourism and exports cheaper. I am not quite old enough to know first-hand, but recall the impression that Corfu and Spanish Costas were cheap as chips to visit. Great... but the other side of that is that a devalued currency means that imports (including oil) would have been much more expensive. Where I do have some first-hand knowledge is in manufacturing and science. How much have the 'peripheral states' economies been bolstered by the single market and collaboration in research and investment in manufacturing with / from core countries? (to be clear, collaboration is a two-way benefit... so it's not just Greece the benefits, collaboration benefits everyone. One major drawback of Brexit.
It seems to me that the EU has brought some very big drawbacks for Greece, and big benefits - benefits that perhaps don't stare us in the face quite so much... and perhaps less quantifiable. What is the net position?....
I am all for cooperation with close neighbours and support the general principle of free movement - I think it can be enriching. However, what are the costs of having those things? If the downsides exceed the upsides, then are they worth it? Continuing with Reg's rhetorical mood, if Brexit had not occurred, how much integration/transferring of powers/centralisation would it take before some people reach that tipping point? Ever closer union is inevitable. How long before some feckers admitted that staying within the EU was not the brightest idea?I dont think getting a job in France or Germany is a 'dream' job. But a job in those countries is now being denied to our childrens generation. As an island race, its vital that we have easy connection with our nearest neighbours to ensure we dont become isolated and critically narrow in our outlook. Our history is built on trade and international relations for good or bad. Post Brexit, you can see the way we're heading with shitty attitudes towards foreigners becoming the norm and constant denial about the economic consequences. Encouraged by the dreadful anti Brexit press. Every business person I know that trades with Europe has stated flat out it is utterly shit with little hope of recovery, but we're all meant to swallow it because a load of Empire lovers wanted to relive the 19th and 20th centuries. Well we're stuck with it, but ffs dont keep telling us its the right see decision for UK on moral grounds because it might just give comfort to lesser countries in the EU. They need to look after themselves. Its not the reason loads of people voted Brexit anyway even if it sounds quaint. Its because they thought we could go it alone better by ignoring the benefits of frictionless trade and to bring up the drawbridge on foreign workers, How many years of economic pain and continued net immigration do we need to witness before any fecker will admit well maybe it wasn't the brightest of ideas or solutions
You lost me at sentence one.As I said, the response to your rhetorical question is in two parts. Greece and other countries joining the EU, rhetorically without the Euro - the positives outweigh the negatives and I would be in full agreement. I don't have an issue with an EU - it is this EU I dislike.
Unfortunately, the Euro has undone all of that previous work - this is very much the problem. One issue is that it is very difficult for the peripheral countries to compete in manufacturing and technology, so the benefits of research collaboration and investment are diluted. Geography and other factors mean that they cannot match the efficiencies of the core countries and they simply take away the best talent and are buying up public assets. In other words, your collaboration is already skewed because the benefits favour some at the expense of others.
Plus, while you look at one at only one side of the import equation (and you are right, it is a disadvantage), there is the other - expensive imports encourage domestic production. With the same currency, cheaper imports from other countries destroy domestic industry, and that is where the economic issues and debts begin. Small countries with fewer resources and less infrastructure cannot follow the German economic model - and tying everyone to the same interest rates was absolute folly.
Greece has a national debt to GDP that has gone from about 20% to over 200% since joining the EU, and other peripheral countries are much the same. Without fiscal transfer and/or a degree of debt mutualisation and bankruptcy/default procedures, the currency is a burden. Sorry, but I am struggling to see many benefits of membership at the moment. That is the reality.
Think I misread your post, so my apologies for that! Am working an all nighter for a client and skimmed through while grabbing a coffee.^^^. I was just fractionally late hitting the post button for this addition:
EDIT: Right... I've read the rest of it now... I thought you were taking the pee with that first sentence because I was clearly asking a hypothetical but NON-rhetorical question (if one can use 'non' in that way). But seeing the second use of the word rhetorical in the next sentence... do you mean 'hypothetical/hypothetically' rather than rhetorical/rhetorically?
Some fair criticisms made in the post... but my 10 minute editing window is about to end... and I need to go to bed!
Empire lovers?I dont think getting a job in France or Germany is a 'dream' job. But a job in those countries is now being denied to our childrens generation. As an island race, its vital that we have easy connection with our nearest neighbours to ensure we dont become isolated and critically narrow in our outlook. Our history is built on trade and international relations for good or bad. Post Brexit, you can see the way we're heading with shitty attitudes towards foreigners becoming the norm and constant denial about the economic consequences. Encouraged by the dreadful anti Brexit press. Every business person I know that trades with Europe has stated flat out it is utterly shit with little hope of recovery, but we're all meant to swallow it because a load of Empire lovers wanted to relive the 19th and 20th centuries. Well we're stuck with it, but ffs dont keep telling us its the right see decision for UK on moral grounds because it might just give comfort to lesser countries in the EU. They need to look after themselves. Its not the reason loads of people voted Brexit anyway even if it sounds quaint. Its because they thought we could go it alone better by ignoring the benefits of frictionless trade and to bring up the drawbridge on foreign workers, How many years of economic pain and continued net immigration do we need to witness before any fecker will admit well maybe it wasn't the brightest of ideas or solutions
Christ, 3 old bill have just boarded the train with a big dog to enforce mask wearing.
Luckily, I’d one around my wrist with a glass of red and some cheese straws on the go.
Empire lovers?
Good God!
It must have passed you by that several high profiles people involved in the eu have described their growth as Empire Building.There were loads of pensioners that voted Brexit to bring back the 'good old days'. Some in my family. Must have passed you by.
Christ, 3 old bill have just boarded the train with a big dog to enforce mask wearing.
Luckily, I’d one around my wrist with a glass of red and some cheese straws on the go.
Face masks are still compulsory on public transport in Germany and it looks like I’m going to have to strap one on in a moment, despite having travelled maskless with the same people on the same train since we left Amsterdam about three hours ago!
I’m a pensioner that voted Brexit but “good old days” of a British Empire wasn’t even on my mind when I voted. I voted leave because what I voted for in the 70’s was far removed from what we were getting in 2016! amongst many other reasons.There were loads of pensioners that voted Brexit to bring back the 'good old days'. Some in my family. Must have passed you by.
My parents, both pensioners, voted to leave because they have visited us here and saw first hand what the EU did!I’m a pensioner that voted Brexit but “good old days” of a British Empire wasn’t even on my mind when I voted. I voted leave because what I voted for in the 70’s was far removed from what we were getting in 2016! amongst many other reasons.
You seem to put the blame 100% on the EU, but surely the Greek government got you into this financial mess in the first place. aren't they to blame also?My parents, both pensioners, voted to leave because they have visited us here and saw first hand what the EU did!