highwaystar101 said:
Same here. I hate living in Britain. We're just a country which keeps giving away our power both economically and politically without even putting up a fight. The reason we're losing all of this power is our own greed. In the eternal search for cheaper and cheaper business costs we have managed to move our primary and secondary industries overseas. We don't produce any raw materials and we don't manufacture anything because countries like China undersell us, and we just let them. Our tertiary economy is what is keeping the country afloat and with the UK banking industry rapidly collapsing I don't see that supporting us for much longer. Outsourcing our industry is going to bankrupt us (well, more bankrupt than we already are). Each year we export ~$442Bn whilst we import ~$621Bn, that means each year we are losing ~$179Bn mostly because we outsource our industry abroad because it is easier and cheaper to import goods. The UK seriously needs to reconsider how we approach the economy, we can't just give our money away. We have to start producing something, we have to start producing raw materials, we have to start manufacturing goods, We have to start exporting more than we are importing... we have to start reversing the trend. ... As for education. The good news is that the government has committed to increase the science budget over the next four years, which isn't hard as it is pitiful in the first place (0.5% GDP). But I doubt that as a nation we are competent enough to actually pull it off. As you said they are cutting the education budget and we are in desperate need of scientists as it is. A large science budget is no good if you don't have any scientists. |
It's called globalisation, deal with it.
But, to argue some of your points:
- The UK is a member of the UN Security Council, the G8, the G20, a big contributor to the Bretton-Woods institutions (IMF, World Bank, and (sort of) WTO). We also share a special relationship with the current only super power, the United States, are a leading member of the Commonwealth, and are part of the largest trading bloc in the world, the EU. We've also had massive influences over China in the past, with the handing over of Hong Kong to China, the negotiations leads to many aspects of the Chinese economy becoming more liberalised.
- The "out-sourcing of industry" is referred to as the balance of trade. Yes, we have a balance of trade current account deficit (which basically means we import more goods and services than we export), however, this is regarded as an self-equalising market, and it's generally agreed amongst economists that it should be left alone. As the Chinese get richer, they WILL buy more imports, and some of those imports will come from the UK, also, as China gets richer, the opportunity cost of buying goods from China will increase, meaning that we, as consumers, will look elsewhere to get our goods, and part of that elsewhere will come from domestic goods.
- Last time I checked, the UK was still the fourth/fifth largest producers of goods and services in the world, to say that we make nothing is simply wrong. We make a hell of a lot more per person than China, and roughly similar amounts to the other big economies, which matters a lot more. Also, whilst we may not manufacture much in the terms of goods that you and I will buy, if you look at the goods that other firms buy, we still make a lot: aircraft, pharmaceuticals, arms, engines, to name a few - and these obviously hold a lot more value than the trainers that we buy from India, or Vietnam. We are the 9th largest exporters in the world.
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As for education, I agree that our education system is up the shitter, but I also think that the whole education system of the world is wrong, and I believe that the "core" subjects are given too much value over humanities and the arts. Simply put, I believe the education model that we use is completely outdated and based on industrialist-Victorian principles.











