There's a new book by the Nobel left wing economist Joseph Stiglitz which condemns EMU. I haven't read it - just this review; however it is so much aligned with my thinking on the subject that I thought I'd share:
http://www.telegraph.co.uk/books/wh...riment-has-been-a-disaster-admits-nobel-priz/
Interestingly, Stiglitz also condemns free movement as "an economic and political disaster". And writes that "Britain isn't likely to be much worse off and potentially could even be better off".
I realise there are as many views on economics as there are economists and I don't believe that just because it's written in a book or in a newspaper then it must be true. I also don't expect some here to agree with it; we've already done these discussions to death - expressing our views in good grace & articulately I think for a football forum.. Nevertheless, this article expresses my views better than I have been able.
I don't agree that either the country or the Conservatives have turned right since Thatcher. I think that both are occupying the middle ground. The Tories have become more successful electorally in the middle which has forced Labour way left.
Actually I'm not even sure what Right and Left means and I guess that depends on the opinions of the person defining them. It's easy to define extremes: on both sides they favour big state and control; on one side wanting to drag everyone outside the elite into being just above the bread line and on the other allowing some to rise and others to fall below the bread line.
Once you come away from the extremes I think it's more difficult.
Actually I'm not even sure what Right and Left means and I guess that depends on the opinions of the person defining them. It's easy to define extremes: on both sides they favour big state and control; on one side wanting to drag everyone outside the elite into being just above the bread line and on the other allowing some to rise and others to fall below the bread line.
Once you come away from the extremes I think it's more difficult.
According to Earlsdon it is wrong to express concern at what is happening to the country. It genuinely saddens me to see what is happening.
It's noticeable how much the narrow minded, egotistical, ignorant comments are coming back out again.
When I say this, I mean from a contingent of people who voted to remain in the EU, and who seemingly care more about themselves being right, than the actual welfare of the country. Noticeably shouting everyone down and celebrating as soon as anything negative as a result of Brexit is broadcast.
Frankly if you're putting the country down, or praising negative effects of Brexit, you've lost the right to be upset about the result.
I think that's an unfair comment. I voted remain, but If there were another vote held I would vote leave because people should accept democracy for what it is. It's not about who was right or wrong now it's about making the best of what we have. It's not about "well we told you so" it's about making this work as best we can. We can make it work.
Even if you do want to judge - you can't right now. Nothing can be judged until we are officially out of the EU and we see the consequences.
The big problem I have with that is that 'Remain' were also selling a pup!My concern is not who was right but what's the plan?
I fear that we will have around 5 years arguing the toss about BREXIT and we will likely be no better off at the end of it all. That thought is the main reason I feared a LEAVE vote. Not because we will necessarily be worse off but because there is no point making a change which is a massive risk IMO. I hate referendums anyway because they never settle the argument, they merely open cans of worms. Parliament should decide major laws not referenda.
Immigration will not fall in any case because too many vested interests favour and welcome immigrant labour.
LEAVE campaign sold the electorate a pup.
All I want to know is:
Who came up with that f**kin' stupid word "Brexit"? Why not just call it "Leave" or "Exit". Typical journalistic word!
Grin?So what is the Greek position now? :inpain:
The FT is paywalled, you'll have to paste the article in here if you want anyone to be able to read it.
Shits getting real. No more Ben and Jerry's in Tesco as they are in dispute over pricing after Unilever put the price up to offset the drop in the value of the pound.
Even where those products are made in the UK and so unaffected by the fall in the pound.Shits getting real. No more Ben and Jerry's in Tesco as they are in dispute over pricing after Unilever put the price up to offset the drop in the value of the pound.
Even where those products are made in the UK and so unaffected by the fall in the pound.
Shits getting real. No more Ben and Jerry's in Tesco as they are in dispute over pricing after Unilever put the price up to offset the drop in the value of the pound.
By any measure, the pound is having a bad time.
Sample the FT’s top stories for a week
You select the topic, we deliver the news.
Select topic
Enter email address
Invalid email
By signing up you confirm that you have read and agree to the terms and conditions, cookie policy and privacy policy.
According to a trade-weighted index measuring sterling against a basket of its trading peers, the pound has now slumped to its lowest on record, stretching beyond the introduction of free-floating exchange rates in the 1970s and all the way back to the mid-19th century, according to data compiled by the Bank of England.
The pound’s effective exchange rate, which is weighted to reflect the UK’s trade flows, hit a low of 29.27 on Tuesday – weaker than the depths hit during the financial crisis, Britain’s ejection from the European Rate Mechanism in 1992, and its decision to leave the Gold Standard in the 1930s.
The effective exchange rate has broken fresh ground as the pound has fallen to new 31-year lows against the dollar on the back of jitters about the possibility of a “hard Brexit”. Sterling had slumped to as low as $1.2117 in late US trading on Tuesday.
According to the BoE’s current formula for the trade weighted index – last rejigged back in 2006 – the biggest contributing weights to the basket are Germany (22.5 per cent), US (16.5 per cent), France (12.6 per cent), Italy (8.3 per cent) and Japan (7 per cent ).
Sterling has regained some poise on Wednesday after prime minister Theresa May said she would to hold a parliamentary debate on the UK’s exit proceedings and made conciliatory noises about fighting for “maximum possible” access to EU markets.
But it has since fallen back to just 0.6 per cent up on the day against the dollar at $1.2190 at publication time.
There is clearly no plan and never was.It was always about the economy for me-stay in and reform the EU from the inside. This country has always been deluded by its self importance. It would be laughable if it wasn't so worrying in regards to the negative economic impacts.
Even where those products are made in the UK and so unaffected by the fall in the pound.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?