/biz/ - Business & Finance

>>54473113
The UK is looking at an Argentina-style fall from a high income country to a middle income one. It's rare enough to be remarkable. Few other countries have managed such a feat.

Argentina was one of the wealthiest countries in the world one hundred years ago, with so much going for it, a real 'yours to lose' situation, then somehow managed to fall apart. The conditions for this: a rentier capitalist overclass, masses voting for unsustainable nation-destroying welfare programs that sucked the productive middle class dry whilst leaving the oligarchy untouched, the open invitation of the mass immigration of unproductive low IQ foreigners as a means of suppressing the middle class- all there in modern UK.

I'm convinced the UK will independently invent Peronism, the politics that destroyed Argentina, then speedrun 20th Century Argentina (with Woke Characteristics)

I can't prove it, but it just feels right. The mix of growing socialist sentiment and patriotic arrogance, obsession with redistributive justice amongst the young juxtaposed with the protectionist sentiment of the property-owning old. General lack of productive industry paired with a small number of highly-profitable, nepotistically-gatekept enterprises. Ethnic tribalism and class division. I don't think anyone post-Truss will try and square these circles- or (very) charitably politicians have been trying and failing for the past forty years- and so we'll just attempt to pander to all of them at once, drive the currency into the ground, and force the middle class out of the country, emigrating to Australia and USA.

im more familiar with the details of nikocado avocados bumhole than i am with my own wifes bumhole

>there are """people""" posting on /biz/ RIGHT NOW who still have all of """their""" cypto stored on binance

>>51297077
>>51297555
The UK is looking at an Argentina-style fall from a high income country to a middle income one.

Once Truss manages to condense a dozen years of Thatcherite hollowing-out into eighteen months, I'm convinced the UK will independently invent Peronism, then speedrun 20th Century Argentina (with Woke Characteristics)

I can't prove it, but it just feels right. The mix of growing socialist sentiment and patriotic arrogance, obsession with redistributive justice amongst the young juxtaposed with the protectionist sentiment of the property-owning old. General lack of productive industry paired with a small number of highly-profitable, nepotistically-gatekept enterprises. Ethnic tribalism and class division. I don't think anyone post-Truss will try and square these circles- or (very) charitably politicians have been trying and failing for the past forty years- and so we'll just attempt to pander to all of them at once, drive the currency into the ground, and force the middle class out of the country, emigrating to Australia and USA.

>>51287443
>The UK is looking at an Argentina-style fall from a high income country to a middle income one.

I completely agree. Once Truss manages to condense a dozen years of Thatcherite hollowing-out into eighteen months, I'm convinced the UK will independently invent Peronism, then speedrun 20th Century Argentina.

I can't prove it, but it just feels right. The mix of growing socialist sentiment and patriotic arrogance, obsession with redistributive justice amongst the young juxtaposed with the protectionist sentiment of the property-owning old. General lack of productive industry paired with a small number of highly-profitable, nepotistically-gatekept enterprises. Ethnic tribalism and class division. I don't think anyone post-Truss will try and square these circles- or (very) charitably politicians have been trying and failing for the past forty years- and so we'll just attempt to pander to all of them at once, drive the currency into the ground, and force the middle class out of the country, emigrating to Australia and USA.

>>49216091
>mfw HDD