Re:Doom, Gloom and Unease: London's Tech Scene Reacts to Brexit
by sgt101 on Saturday June 25, 2016 @04:03AM
(#11975625)
It's clear that the City will be impacted by this, but bear in mind that for the last five years the UK has been fighting to maintain it's place vs Paris and Frankfurt. The EU needs to implement a single fiscal authority to manage the Euro, that will not be based in London, there was never any prospect of that given London is not part of the Eurozone and the UK joining the Euro would destabilise the Euro, the UK economy and the wider european economy. London is inflated like a balloon at the moment, housing is utterly unaffordable and the transport system is totally disfunctional; I've been unable to get in for half of this week due to "floods" normally I can get a train into London with a travel time of 1hr 30min... my record time was/is 9hrs (all trains cancelled, hours waiting for busses, hours on buses, one of my colleagues got home less than an hour before having to leave to go back to work!)
In terms of positives here is a list.
1) People have woken up to the disastrous gap between rich and poor, realizing, I hope, that there is no communication between the provenances and the technocrats and that while you can bully and marginalize the poor you are simply unable to ignore them without resorting to repression. A vote like this is much better than a ring of estates where law breaks down and people are condemned to hopeless disassociation from the society that funds them. Now, will the UK's elite front up and start helping our fellow countryfolk? I doubt it, but that's the test on the table - create meaningful engagement in life and society for the bottom 25% rather than just hoping that they shut up and go away.
2) The EU can now reform its financial and governance arrangements to fit the needs of the Euro, if the EU doesn't do this the Euro is going to collapse, so I hope it does. This will make the EU more prosperous than it would otherwise be. Guesses please - the European state's GDP post a Euro collapse vs. the EU's GDP with a reformed and functioning single currency?
3. The UK will break up enabling Scotland to further develop its distinctive and hopefully very successful economy and national identity, in particular it will be interesting to see if this results in Edinburgh rebuilding itself as a financial centre as opposed to Frankfurt, Paris and London. If I were the SNP I would be planning a bloody great hub airport and some other very shiny infrastructure (high speed rail to Newcastle, Leeds and Manchester? Cross rail for Edinburgh/Glasgow?)
In terms of positives here is a list.
1) People have woken up to the disastrous gap between rich and poor, realizing, I hope, that there is no communication between the provenances and the technocrats and that while you can bully and marginalize the poor you are simply unable to ignore them without resorting to repression. A vote like this is much better than a ring of estates where law breaks down and people are condemned to hopeless disassociation from the society that funds them. Now, will the UK's elite front up and start helping our fellow countryfolk? I doubt it, but that's the test on the table - create meaningful engagement in life and society for the bottom 25% rather than just hoping that they shut up and go away.
2) The EU can now reform its financial and governance arrangements to fit the needs of the Euro, if the EU doesn't do this the Euro is going to collapse, so I hope it does. This will make the EU more prosperous than it would otherwise be. Guesses please - the European state's GDP post a Euro collapse vs. the EU's GDP with a reformed and functioning single currency?
3. The UK will break up enabling Scotland to further develop its distinctive and hopefully very successful economy and national identity, in particular it will be interesting to see if this results in Edinburgh rebuilding itself as a financial centre as opposed to Frankfurt, Paris and London. If I were the SNP I would be planning a bloody great hub airport and some other very shiny infrastructure (high speed rail to Newcastle, Leeds and Manchester? Cross rail for Edinburgh/Glasgow?)