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Some people are wise
Many who voted for Brexit, did so in the hopes of turning a repeat of history around. With the idea of stemming the flow of immigrants, and reopening industries to create jobs and to provide a fall back to the financial sector.
Countries that adopt financial services as the mainstay of economic health, are repeating history in that the financial services provide high returns for a short while after which, they stagnate due to lack of interest from investors. Investments are saturated and the profits reduce. This can happen time and time again until the financial sector fails to support the economy.
The Italian political economist and historian Giovanni Arrighi (1937 -2009) who was under described as a Marxist historian, examined the origins and evolution of capitalist systems and showed how recurrent phases of financial expansion and collapse affect the rise of dominant countries followed by collapse which in turn affects worldwide economic patterns.
Similar events in history are currently happening in America as they happened in the UK. The constant rise in Wall Street is a sign that it will soon collapse and another power will take over. In the UK, there was a short boom in the sixties. In an attempt to maintain the economy the UK assets/public businesses were sold off in the 1970's/1980's. Then Gordon Brown sold off the gold reserves-the UK has been in a downward spiral since the sixties. The rise of the financial sector produced a short term boom and has been falling since. The UK has few assets left with which to respond. Russia is one of the few countries that does not own a great debt. It is now concentrating on building it's industry on a grand scale. Where pharmaceuticals in the US have a value of $1.7 trillion, the new commercial interest of Russia is valued at $5.4 trillion. The wealth and strength is increasing in the BRICS countries and reducing in Europe and the States.
Watch this space.
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Originally Posted by
said
Many who voted for Brexit, did so in the hopes of turning a repeat of history around. With the idea of stemming the flow of immigrants, and reopening industries to create jobs and to provide a fall back to the financial sector.
Countries that adopt financial services as the mainstay of economic health, are repeating history in that the financial services provide high returns for a short while after which, they stagnate due to lack of interest from investors. Investments are saturated and the profits reduce. This can happen time and time again until the financial sector fails to support the economy.
The Italian political economist and historian Giovanni Arrighi (1937 -2009) who was under described as a Marxist historian, examined the origins and evolution of capitalist systems and showed how recurrent phases of financial expansion and collapse affect the rise of dominant countries followed by collapse which in turn affects worldwide economic patterns.
Similar events in history are currently happening in America as they happened in the UK. The constant rise in Wall Street is a sign that it will soon collapse and another power will take over. In the UK, there was a short boom in the sixties. In an attempt to maintain the economy the UK assets/public businesses were sold off in the 1970's/1980's. Then Gordon Brown sold off the gold reserves-the UK has been in a downward spiral since the sixties. The rise of the financial sector produced a short term boom and has been falling since. The UK has few assets left with which to respond. Russia is one of the few countries that does not own a great debt. It is now concentrating on building it's industry on a grand scale. Where pharmaceuticals in the US have a value of $1.7 trillion, the new commercial interest of Russia is valued at $5.4 trillion. The wealth and strength is increasing in the BRICS countries and reducing in Europe and the States.
Watch this space.
Also worth mentioning, that the discovery of North Sea oil, came just in time to buoy things up and saved us from going down the pan.
On Yer Bike!
www.20splentyforus.co.uk
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I suppose it isn't another cycling thread.
That's something.
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Would also be churlish I suppose to point out who pays the Uk's bills.
72% from the "Service Sector"*
The inclusion of Russia is highly amusing.
The UK extracting fuel on a small Russian scale from its reserves would be pretty well off but hey that's not on message.
We are far better off shipping fuel in from abroad it's better for the environment apparently
Don't mention Norway.
*Statista.
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Originally Posted by
local
Don't mention Norway.
*Statista.
I mentioned it once but I think I got away with it.
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Originally Posted by
Toodles McGinty
I suppose it isn't another cycling thread.
That's something.
Recycling.
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Mr Hamble believes he has spotted Corbyn the toad in the garden pond.
We have builders in a few weeks.
Glad he has found safe refuge looks ever larger than last year.
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