‘Soviet’ Britain swells amid the recession

[amacfly]

Re: ‘Soviet’ Britain swells amid the recession

So when this happens to the UK, and how will affect the EU?

It seems that Ireland is already hitting a financial wall, with property falling 80% p-to-t, France has massive strikes, Belgium wants to split in two and Greece is still in an advanced state of unrest.

Israel, Iran, Gaza, Iraq, and Pakistan don't seem likely to be able to sit calmly and let the world figure out this enconomic mess, especially as the lack of liquidity will hurt anger Russia, Ukraine, and the other ex-Russian Black Sea countries. Then China wants Taiwan back, and holds enough of our debt to pretty much get what it wants.

Yes, the UK is a small problem, but it is also one that could start the dominoes falling far harder than Iceland or Ireland. If the problems in the system create a lot of hardship for those living directly or indirectly or off the Govt funds, the under belly of racism that exists outside of the intellectual/financial centers could explode in places like Bradford, and what happen there could send shockwaves around the religious centers of the near east. Thus I'd suggest that the world needs the UK to stay well balanced, as any serious financial collapse there could have far reaching consequences.

Debt default does have a history in the UK, before the formation of the Bank of England. Debt also became a serious issue after the South Sea Bubble burst, the result was that the BoE came to hold 80 percent of the British national debt by 1720, and go on to dismantled securitization and moved debt to a standard bond market.

[flintlock]

Re: ‘Soviet’ Britain swells amid the recession

what did the uk do before it was a colonial power?

Smear themselves with mud and fight the Romans?

[amacfly]

Re: ‘Soviet’ Britain swells amid the recession

Most of it was under the ice cap for last 75,000 years ice age. In the roughly 13,000 years since the ice withdrew it has been colonized (in order of arrival) by the Iberians, the Gallics, the Celts, the Romans, the Saxons, the Vikings, and finally in 1066 by the Normans, who were actually Norsemen, or Danes, not French from Normandy. After that things sort of settled into the long painful formation of Great Britain. This included a great deal of ethnic cleansing of the Scots & Irish, as well as multiple atrocious sins committed around the world in a long history of conquest & colonialization that lasted until the end of the 19th century.

Luckily for the the English the French & Spanish managed to make them look like kindly conquerers because they were so much worse as occupiers & oppressors.

Greatness really came after the break with Rome, (Henry Vlll) though not altogether done for the right reasons. Making an enemy of the Catholic church does seem to have been good for both finance and empire building.

[*T*]

Re: ‘Soviet’ Britain swells amid the recession

[QUOTE=grapejelly;73147People always bring up the Scandinavian model as a counter example but I am not sure that this isn't due to some unusual factors at work. A homogeneous population, oil revenues in the case of Norway, etc.[/QUOTE]

While there are many factors, I would add an active government has a more positive [or less -ve] effect in countries where the govt is afraid of the people, eg France, Switzerland, Sweden, vs UK, US because it is less likely to piss away the taxes.

France hasn't even got it that bad, yesterday already 2 million on the streets of Paris & Sarkozy is shitting his pants looking to improve wages and working conditions.