That argument surely applies to Britain just as much as to Europe. So the undeveloped world is growing faster than insular protectionist Europe and outward-looking Britain. Africa and South Asia appear to be sending their tired, poor, huddled masses to Europe and Britain across the tempest tossed Mediterranean and English Channel. The stupidity of the Single Market is that in both Britain and Europe the vast majority of GDP is created from the service industries not from manufacturing. The service sector is 80 per cent of the UK economy and 72 per cent of the EU economy. The developed countries are not growing at all. Despite the catastrophic failure of Quantitative Easing (QE) in Japan in the 1980s – forty years of stagnation since – the central banks tried it again in the West and it has proven to fail yet again. Japan has a debt to GDP ratio of over 250 per cent. They thought QE had not been done properly so they gave it another go. A bit like Socialism. The only country in Europe with a higher GDP than Britain is Germany, which lends its neighbours money to buy its products.
Having to quote the Garuniad twice is true desperation. Another poor effort at changing the subject: who brought Tufton Street and the Kwarteng budget up? It was not me. Interesting that there was inflation in the United States and Europe, which the brain dead associate with Liz Truss in September 2022 even though the UK inflation rate was already 10 per cent before she took office and more than 8 per cent in most of the others. The brain dead on here really do not have a clue. You still think that Brexit and Truss caused inflation because you get your financial information from social media. You completely ignore the big elephant in the room that was not 15 years of Q.E., war in Ukraine or Lockdown profligacy – the other three drivers. I will leave you to figure it out...
It looks like you need remedial reading lessons. As previously stated, I do not get my ‘reasoned debate’ off Google. I can think for myself and back up my arguments with supporting evidence. You clearly get your economics from the Mirror, Socialist Worker or the Daily Star.
Governing party leader spends most of the day tweeting in support of Gaza. Governing party seems more interested in gender ideology than running the country. Taxes rises are not resulting in better education or health services. A diet of Buckfast and deep fried Mars bars is not available on prescription. 1,300 children are born addicted to drugs in seven years. It could be London but it is actually a country with a different Muslim nutter at the helm.
Now which way would you like to argue that one? China has a population of around 1.4bn but the United States with a population of around 338m has a higher GDP. India also has a population of around 1.4bn but is only fifth in GDP. Japan has a population of around 123m but a larger GDP than India, the UK or France. Germany has the third largest GDP in the world but is only nineteenth in population with 83m. Would you like to try GDP per Capita? Neither Germany nor the UK make the top 10. China and India do not make the top 50.
You didn’t mention per capita. There’s obviously a strong correlation between GDP and population even if you’re a bored enough old fruit to pick out specific examples that don’t fit the rule.
“Specific examples that don’t fit the rule”? I told you the top six countries on the GDP list: USA, China, Germany, Japan, India, UK. You were wrong. It really is that simple. You were not even in the ball park when it comes to GDP per Capita as that obviously favours small wealthy countries. The richest country with a population of more than a million is Ireland (only 650,000 in Luxembourg) – two corporate tax havens. Keep digging...
Again, you didn’t mention per capita. Plot out every country in the world and there’ll be a decent correlation between GDP and population. You have **** all else to do anyway.
I mentioned GDP per Capita in my reply to save you trying to squirm out of being wrong about GDP per country but it seems to have just become obfuscation for you now. If you like I can do you a graph of GDP per Capita: big EU nations versus individual United States. Only 13 European countries (11 EU members) come above the 50th (worst) US state, Mississippi on 2022 figures. The UK is below 41st state Maine. Germany is below 34th state Michigan. Only 3 countries come above 1st place US state New York: Luxembourg, Norway and Ireland.
Or you could just do what I did and run a quick excel correlation between population and GDP per capita which shows absolutely no relationship at all across the globe rather than whichever random bits of data you choose to cherry pick, you ridiculous old nonce.
I posted that sarcastic response to highlight your persistent attempts to blame everything on the BoE. And yet you can't see the irony in posting what you just have, and then here you are below, literally two posts later, talking about QE in the West and blaming that for low GDP You blame QE for everything, whether it's inflation or low growth which shows how limited your understanding of QE is Read this carefully so it sinks in. ALL that QE does on its own is stabilise the economy when it's contracting and to arrest any deflationary collapse, which it has done effectively. On its own it has little to no effect EITHER WAY on potential growth. In fact the irony which seems completely lost on you is that the one way QE could effect growth is if "trickle down economics" actually was a thing, which it isn't, a debunked myth -something your idol Liz Truss, and the Tufton Street fcknuggets fully subscribe to. Read this carefully, ask someone to read it to you if you are struggling. How effective quantitative easing is on inflation and economic growth in large parts depends on fiscal policy and whether it is expansive or cautionary. In other words, in case it still hasn't sunk in, QE only has an impact on growth and GDP when there are fiscal policies aimed at stimulating the economy. I have no particular support for QE, but this absolute tosh you're spouting laying the blame for high inflation and low GDP solely at the door of QE is a complete straw man, beyond stupid and demonstrates just how financially illiterate you are. Thank fck you're just some sad, failed no-mark licking his own arsehole on the internet, instead of someone who might actually have his hands on the levers of this country's economy
Doing something dumb which adds a load of costs and red tape to supply chains and makes your currency weaker is probably going to create a smidge of inflation. Fortunately some other country somewhere also isn’t perfect so we can say it’s not that.
They're obviously all communists/socialists, keep up. I think he fancied Liz Truss, he was very upset when she was booted out.
From 1986 to 1987, Keir Starmer served as the editor of Socialist Alternatives, a Trotskyist radical magazine. The magazine was produced by an organization under the same name, which represented the British section of the International Revolutionary Marxist Tendency (IRMT). Gammons think Labour are socialists/Communists
