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Re:UK food price inflation hit 16.2% in October – cost of fo... by racktash on Sunday November 20, 2022 @11:03AM (#33681997)
I genuinely fear for the UK. It's going to be a very different country in ten years, and I fear it will be a weaker, poorer and more divided one.

I don't know for sure what the main cause of our current problems is, but I know that it's not a single issue. Brexit, Covid-19 and the war with Russia – not one of these issues alone is the cause of our problems.

My hope for the country rests in the fact that it still has wonderful, tough, resourceful people in it, and that it has survived worse catastrophes than this in the past, and come out okay.

Re:UK food price inflation hit 16.2% in October – cost of fo... by r_hoods_ghost on Sunday November 20, 2022 @11:35AM (#33682384)
Well there are many reasons, but one of the major ones is that the last time the ruling party in the UK won a majority of the popular vote was, drumroll... 1931.

The FPTP system essentially means that elections are decided by a small number of people living in marginal seats, that usually straddle poor urban and wealthy rural areas and so that is who (successful) politician's messages and policies are targeted at. It's also how you get the weird situation that on a lot of social and economic issues both major political parties are often to the right of the public.

Add to that the dominance of the Oxbridge PPE brigade in both parties, and you end up with them all drawing on a small, outdated set of policy options (basically what they were taught as undergrads), that don't really work in the modern world.

Finally we still have a monarch, and it turns out the last one (God bless 'er) had a large number of kaws modified in her and her family's favour.

So yeah. Sclerotic socio polotical system

Re:UK food price inflation hit 16.2% in October – cost of fo... by kesor on Sunday November 20, 2022 @11:46AM (#33682545)
You assume that a government in an elected democracy will solve anything or be any better than the current situation. This has proven to be false over and over again in history. The only countries that flourished and had tremendous economic growth, are those who had a period of more personal freedom and an almost non-existent government. The more government you have, the less can the human spirit succeed in moving things forward. The few deciding for the many is a failure in any way you spin it.
Re:UK food price inflation hit 16.2% in October – cost of fo... by pavlov on Sunday November 20, 2022 @12:04PM (#33682769)
> “The only countries that flourished and had tremendous economic growth, are those who had a period of more personal freedom and an almost non-existent government.”

Post-WWII USA was both a period of big government and tremendous economic growth.

The government is just people deciding to come together and delegate power. It’s not something separate from people. Why can’t the “human spirit moving things forward” express itself through the public sector?

Re:UK food price inflation hit 16.2% in October – cost of fo... by jlawson on Sunday November 20, 2022 @02:28PM (#33684318)
Government is separate from the overwhelming majority of people, because the overwhelming majority of people have no practical influence over the government.

Power concentrates to a few. Sometimes very few, as in North Korea. Sometimes a slightly broader few, as in America. But it's always a few. The rest are acted upon by government.

Also it's pretty jokey to say that government is people delegating power. The only reason it needs to be delegated is because it was seized in the first place - by government!

Re:UK food price inflation hit 16.2% in October – cost of fo... by kesor on Sunday November 20, 2022 @02:35PM (#33684427)
In the seventeenth and eighteenth centuries in the Western world, specifically, the English Revolution of the seventeenth century. Brought birth to a radical libertarian movement, even though only partially successful in its birthplace, Great Britain, it was able to usher in the Industrial Revolution, thereby freeing industry and production from the strangling restrictions of State control and urban government-supported guilds.

The classical liberal movement was, throughout the Western world, a mighty libertarian “revolution” against what we might call the Old Order—the ancien régime which had dominated its subjects for centuries. This regime had, in the early modern period beginning in the sixteenth century, imposed an absolute central State and a king ruling by divine right on top of an older, restrictive web of feudal land monopolies and urban guild controls and restrictions.

The result was a Europe stagnating under a crippling web of controls, taxes, and monopoly privileges to produce and sell conferred by central (and local) governments upon their favorite producers. This alliance of the new bureaucratic, war-making central State with privileged merchants—an alliance to be called "mercantilism" by later historians—and with a class of ruling feudal landlords constituted the Old Order against which the new movement of classical liberals and radicals arose and rebelled in the seventeenth and eighteenth centuries.

-- For a New Liberty / by Murray N. Rothbard

Today we have a much worse alliance of government and privileged monopolies, corporatism. The few have decided that the companies are "responsible" for doing the decisions for us. Effectively removing any personal freedom the people might have, freedoms that most countries had in their constitutions for centuries are today being removed by government-backed corporations, as-if they don't need to exist at all.

Re:UK food price inflation hit 16.2% in October – cost of fo... by JumpCrisscross on Sunday November 20, 2022 @11:48AM (#33682563)
> only countries that flourished and had tremendous economic growth, are those who had a period of more personal freedom and an almost non-existent government

I forgot about the famously non-existent ancient Egyptian and modern Chinese governments.

Re:UK food price inflation hit 16.2% in October – cost of fo... by kesor on Sunday November 20, 2022 @02:31PM (#33684359)
How much do you know about personal freedoms in ancient Egypt that you can argue this quote is false?

We do know about the free economic zones in modern China, which had very very limited government. So these only reinforce my point.

Re:UK food price inflation hit 16.2% in October – cost of fo... by JumpCrisscross on Sunday November 20, 2022 @04:26PM (#33685520)
> much do you know about personal freedoms in ancient Egypt that you can argue this quote is false?

It has been called the first command economy [1][2].

[1] https://resources.saylor.org/wwwresources/archived/site/wp-c...

[2] https://m.youtube.com/watch?time_continue=318&v=DiG0LomEptE&...

Re:UK food price inflation hit 16.2% in October – cost of fo... by r_hoods_ghost on Sunday November 20, 2022 @11:59AM (#33682713)
Communist China says hi! And the British Empire was hardly a bastion of freedom and yet kickstarted the industrial revolution. Even the USSR, for all ita horrific flaws and mass murdering ways turned the Russian Empire from an agrarian one to an industrial powerhouse in 2 decades.
Re:UK food price inflation hit 16.2% in October – cost of fo... by Retric on Sunday November 20, 2022 @12:28PM (#33683068)
Russian industrialization started well before the USSR came to power. The Trans Siberian Railway for example first opened in 1904. The locomotive’s boilers, engines and some other components were built in Saint Petersburg, industry was alive and well at the time.

Arguably it was the new power blocks associated with industry that destabilized Tsarist Russia, not that WWI helped.

Re:UK food price inflation hit 16.2% in October – cost of fo... by kesor on Sunday November 20, 2022 @02:29PM (#33684339)
Communist China has not been a "free country", it has (had?) several free trade zones (FTZs) which are special economic zones where goods may be imported, handled, manufactured and exported without direct intervention from customs. Thus there has been very very limited government and regulation in these FTZs. With minimal government there, the FTZs enabled them to succeed. Everywhere else in China there was (is?) stagnation and the only way out was to move into these FTZs as a citizen to get ahead.
Re:UK food price inflation hit 16.2% in October – cost of fo... by mhh__ on Sunday November 20, 2022 @12:16PM (#33682925)
'83 was shockingly unproportional even by our lofty standards (compare lib/sdp and lab)
Re:UK food price inflation hit 16.2% in October – cost of fo... by Mikeb85 on Sunday November 20, 2022 @11:29AM (#33682324)
No you're right, the UK is done. Little to no industry left, they were a nation of bankers and multinationals that exploited their former colonies. But it's not because of Brexit, COVID or Russia. It's because they never adapted and the rich in their country cared more about maintaining status than improving the country.

Look at France and Germany: industry, tech, lots of "producing" businesses thrive. Paris has even overtaken London in finance. There's simply more ambition, innovation and energy.

Re:UK food price inflation hit 16.2% in October – cost of fo... by ekianjo on Sunday November 20, 2022 @11:42AM (#33682494)
France has ambition? France has the only ambition to barely function as a country and not much else.
Re:UK food price inflation hit 16.2% in October – cost of fo... by Mikeb85 on Sunday November 20, 2022 @12:00PM (#33682728)
France has plenty of multinationals, produces research, startups, propagates culture, etc... Yes, by European standards France has tons of ambition.
Re:UK food price inflation hit 16.2% in October – cost of fo... by mike_hearn on Sunday November 20, 2022 @12:11PM (#33682858)
By that definition so does the UK.
Re:UK food price inflation hit 16.2% in October – cost of fo... by cjbgkagh on Sunday November 20, 2022 @11:46AM (#33682533)
France lost a few African colonies (protectorates?) recently, something there has been surprisingly little mainstream news about. People forget that France is still running a mini empire quietly on the side.
Re:UK food price inflation hit 16.2% in October – cost of fo... by etiennemarcel on Sunday November 20, 2022 @11:52AM (#33682627)
What colonies are you referring too? The last one was Djibouti in 77...
Re:UK food price inflation hit 16.2% in October – cost of fo... by cjbgkagh on Sunday November 20, 2022 @12:06PM (#33682797)
Mail for example. But there are quite a few French troops still protecting French interests in their various former colonies in Africa - a place where statehood is a nebulous concept so I think it’s fair to say that many of these places still act in effect as protectorates. Add in resource extraction and it also starts to look like a colony again.
Re:UK food price inflation hit 16.2% in October – cost of fo... by alephxyz on Sunday November 20, 2022 @12:25PM (#33683046)
Most of the mining industry in Mali is owned by Barrick, Allied Gold and Anglogold Ashanti, none of them are French. The French intervention in northern Mali was to avoid a spillover into western Niger (where France sources most of the uranium it uses for its power production).
Re:UK food price inflation hit 16.2% in October – cost of fo... by blibble on Sunday November 20, 2022 @12:00PM (#33682729)
go and have a read about the CFA franc
Re:UK food price inflation hit 16.2% in October – cost of fo... by Melting_Harps on Sunday November 20, 2022 @12:08PM (#33682821)
> What colonies are you referring too? The last one was Djibouti in 77...

Monetary exploitation is the most effective means of bondage and most widely accepted form to control over a population because it is required for any transaction that doesn't get solely resolved by violence, in doing so you can essentially tax, govern, and structure Society without the need or expense of an occupying presence just the occasional military operation to remind them of said colonization: up until 2020 or so the CFA was used in 8 African nations and had a dire strain on those nation's people [0]. You should listen to Francis Ngannou's talk about the effective bondage African nations were operating under French rule because of the CFA that made trade between even neighboring African nations impossible.

Colonialism takes on many faces, but as the saying goes: He who controls the money supply of a nation controls the nation.

> go and have a read about the CFA franc

Agreed, also look into why France has had continual conflicts in the Ivory Coast to see how it achieved this.

0: https://www.cnn.com/2019/12/23/africa/france-stops-use-of-cf...

Re:UK food price inflation hit 16.2% in October – cost of fo... by alephxyz on Sunday November 20, 2022 @12:19PM (#33682964)
Aren't states free to adopt or drop the CFA franc? How does that make them colonies?
Re:UK food price inflation hit 16.2% in October – cost of fo... by blibble on Sunday November 20, 2022 @11:38AM (#33682433)
> Paris has even overtaken London in finance

citation please?

in terms of finacial centres: NYC is first, followed by London (and they swap places every so often)

down at number 15 or so is Paris

Re:UK food price inflation hit 16.2% in October – cost of fo... by VBprogrammer on Sunday November 20, 2022 @11:40AM (#33682455)
I believe this is reference to the fact that the French stock exchange is now larger than the London Stock exchange.
Re:UK food price inflation hit 16.2% in October – cost of fo... by blibble on Sunday November 20, 2022 @11:42AM (#33682489)
and of course the LSE is an extremely small part of the financial sector
Re:UK food price inflation hit 16.2% in October – cost of fo... by retrac98 on Sunday November 20, 2022 @11:42AM (#33682497)
Re:UK food price inflation hit 16.2% in October – cost of fo... by blibble on Sunday November 20, 2022 @11:45AM (#33682523)
quite what the summed market caps of companies traded on a single exchange has to do with the size or competitiveness of the UK financial sector I really don't understand

Apple's market cap alone is larger than the entire LSE, and Paris exchange

Re:UK food price inflation hit 16.2% in October – cost of fo... by Mikeb85 on Sunday November 20, 2022 @12:00PM (#33682731)
You do realize the US is a MAJOR outlier, right?
Re:UK food price inflation hit 16.2% in October – cost of fo... by kasey_junk on Sunday November 20, 2022 @12:39PM (#33683164)
It’s only an outlier because it so handily dominates equities trading.

Using the Paris exchange overtaking the London exchange as a barometer for broader overtaking of the finance industry is akin to saying that a person is taking over the F1 title from someone after beating them in a bike race around their house.

Re:UK food price inflation hit 16.2% in October – cost of fo... by blibble on Sunday November 20, 2022 @01:02PM (#33683400)
it's only one of the London exchanges too!
Re:UK food price inflation hit 16.2% in October – cost of fo... by andyjohnson0 on Sunday November 20, 2022 @11:43AM (#33682504)
> citation please?

London Loses Crown of Biggest European Stock Market to Paris - 14 November 2022

https://www.bloomberg.com/news/articles/2022-11-14/london-lo...

Re:UK food price inflation hit 16.2% in October – cost of fo... by mhh__ on Sunday November 20, 2022 @12:22PM (#33683005)
London has never really been an equities place to my knowledge.

Ever noticed that the L in LIBOR stands for London?

Interest rates and money (FX) (money can also refer to short term rates but KISS) is very much still London's thing especially relative to other European cities.

Aside: French engineering talent is massively underappreciated.

Re:UK food price inflation hit 16.2% in October – cost of fo... by chrisbolt on Monday November 21, 2022 @10:04PM (#33701244)
LIBOR, which is being replaced with SOFR?
Re:UK food price inflation hit 16.2% in October – cost of fo... by cjbgkagh on Sunday November 20, 2022 @11:36AM (#33682409)
No taxing India for opium to force sell to China to bail them out this time.
Re:UK food price inflation hit 16.2% in October – cost of fo... by CommanderData on Sunday November 20, 2022 @11:51AM (#33682606)
The rich perpetuate anti-Taxation ideas through our political class.

Currently the UK system is not "pay to play", if this changed tomorrow someone will be happily own the asset sacrificing a true percentage. In fact Tax is an idea our bankers want to see more of, the outspoken ones that is.

Our UK assets are still worth a pretty penny and last I checked it's kinda difficult to annex physical property to an offshore country. The political classes job is selling this country to the highest bidder as fast the public allows them to get away with and they plan to be in power for a very long time with the help of the media.

Re:UK food price inflation hit 16.2% in October – cost of fo... by nivenkos on Sunday November 20, 2022 @12:03PM (#33682757)
Germany is incredibly backward compared to the UK - they're still using faxes and cash for a start.
Re:UK food price inflation hit 16.2% in October – cost of fo... by davewritescode on Sunday November 20, 2022 @12:36PM (#33683133)
I would take the German economy all day every day over the UK economic house of cards. The UK doesn’t make anything and was mostly acting as the financial center for the trading block in just left.

Brexit was a disaster for their economy and it will take decades for the UK to stop feeling the pain.

Re:UK food price inflation hit 16.2% in October – cost of fo... by phatfish on Sunday November 20, 2022 @12:24PM (#33683030)
I'll take the "backward" German economy over the financial house of cards the UK economy is build on.
Re:UK food price inflation hit 16.2% in October – cost of fo... by randomsearch on Sunday November 20, 2022 @01:07PM (#33683449)
Germany’s economy is diverse, and their political system is robust. These two things are not unrelated.

They are a bit bureaucratic for sure.

Re:UK food price inflation hit 16.2% in October – cost of fo... by a_c on Sunday November 20, 2022 @12:16PM (#33682929)
I'm new to the UK. The sentiment I get is people here in UK are generally less ambitious?
Re:UK food price inflation hit 16.2% in October – cost of fo... by 00ajcr on Sunday November 20, 2022 @01:24PM (#33683658)
Less ambitious than where?

I don't think UK people are inheritantly less ambitious than anywhere else, but the very low social mobility here has always dragged down potential for some, while the punishing austerity and lack of investment over the past decade has limited other people's opportunities further.

Re:UK food price inflation hit 16.2% in October – cost of fo... by kilroy123 on Sunday November 20, 2022 @11:42AM (#33682496)
I spent the last year living in London. I'm from California originally so a regular old American.

I do think it's a nation on the decline in many ways.

However, I met so many ambitious immigrants who came to the UK to work hard and make a good life for themselves.

I believe these people will continue to keep the UK humming along.

It might not be a mighty outsized county economically but they'll be fine.

Re:UK food price inflation hit 16.2% in October – cost of fo... by retrac98 on Sunday November 20, 2022 @11:43AM (#33682509)
London might as well be a different country from the rest of the UK. It’s not at all representative.
Re:UK food price inflation hit 16.2% in October – cost of fo... by ClumsyPilot on Sunday November 20, 2022 @11:49AM (#33682581)
PPP per capita of London is almost double that of any other major city in Britain Manchester, Bringingham or Leeds.

In PPP, Paris, Warsaw and Prague are roughly on par. UK looks like a poor-ish country with one rich city.

Re:UK food price inflation hit 16.2% in October – cost of fo... by kilroy123 on Sunday November 20, 2022 @12:50PM (#33683270)
True, but it won't hurt if London carries on.
Re:UK food price inflation hit 16.2% in October – cost of fo... by cjbgkagh on Sunday November 20, 2022 @11:35AM (#33682385)
I fear that this time it’s terminal. I’ve been advising my friends to leave the UK for over ten years. To paraphrase Peter Hitchens, “I’ve never seen a more doomed society and I lived in Russia during the fall of USSR”
Re:UK food price inflation hit 16.2% in October – cost of fo... by jamiegreen on Sunday November 20, 2022 @11:49AM (#33682584)
and go where exactly....
Re:UK food price inflation hit 16.2% in October – cost of fo... by cjbgkagh on Sunday November 20, 2022 @12:15PM (#33682912)
To paraphrase Peter Hitchens again; “If you can’t figure that out by yourself then you are too wet behind the ears to make it”

It’s a big world out there with a lot of variety and the appropriate destination depends on a lot of individual factors.

Re:UK food price inflation hit 16.2% in October – cost of fo... by jamiegreen on Sunday November 20, 2022 @12:20PM (#33682974)
Convenient way to avoid the question. Where would you go?
Re:UK food price inflation hit 16.2% in October – cost of fo... by iampims on Sunday November 20, 2022 @12:37PM (#33683145)
Amsterdam/Netherlands.
Re:UK food price inflation hit 16.2% in October – cost of fo... by stavros on Sunday November 20, 2022 @12:03PM (#33682754)
I feel bad for people who voted against Brexit. Now they have nowhere to go, even if they do want to leave.
Re:UK food price inflation hit 16.2% in October – cost of fo... by cjbgkagh on Sunday November 20, 2022 @12:19PM (#33682966)
Some countries in Europe still have pretty easy to get work/business visas.
Re:UK food price inflation hit 16.2% in October – cost of fo... by rcarr on Sunday November 20, 2022 @12:19PM (#33682970)
There's Ireland if you can afford it. I'm seriously considering it.
Re:UK food price inflation hit 16.2% in October – cost of fo... by alkonaut on Sunday November 20, 2022 @12:48PM (#33683245)
Anywhere. The benefit of a decent education for all and fluently speaking a global language. The situation for any young Brit is much better than for most European peers who face the same question.
Re:UK food price inflation hit 16.2% in October – cost of fo... by jamiegreen on Sunday November 20, 2022 @01:17PM (#33683576)
Ah anywhere, the land of milk and honey
Re:UK food price inflation hit 16.2% in October – cost of fo... by alkonaut on Sunday November 20, 2022 @02:02PM (#33684040)
What was the question? “Where would be better?”, or “who would accept me”, or what is it? The answer would differ depending on the question. But obviously if you speak English and have a decent UK education and passport you are in a pretty privileged situation when it comes to working “anywhere”.
Re:UK food price inflation hit 16.2% in October – cost of fo... by stavros on Sunday November 20, 2022 @12:02PM (#33682750)
What does this mean, in real terms? Descent into poverty, or what?
Re:UK food price inflation hit 16.2% in October – cost of fo... by HL33tibCe7 on Sunday November 20, 2022 @12:07PM (#33682802)
I recall a Question Time episode many years back in which Hitchens, upon being asked “what should a young person in Britain do?”, replied “emigrate while you still have the chance”. It received many gasps and boos at the time. I wonder how it would be received now.
Re:UK food price inflation hit 16.2% in October – cost of fo... by IMTDb on Sunday November 20, 2022 @11:18AM (#33682163)
> I know that it's not a single issue. Brexit, Covid-19 and the war with Russia – not one of these issues alone is the cause of our problems.

Only one of these issue is UK specific tho; so either your fears extend to the rest of Europe and/or the western world, or you can pinpoint the cause of your anxiety.

Re:UK food price inflation hit 16.2% in October – cost of fo... by O__________O on Sunday November 20, 2022 @11:40AM (#33682457)
Impact of Covid was likely specific though, since it’s my understanding per capita that UK spent significantly more money on Covid than other European countries in part because they have spent significantly less per capita on healthcare for at least the last decade.

Source:

https://www.ft.com/content/f752a1ad-4a23-408f-a549-4909974c6...

Re:UK food price inflation hit 16.2% in October – cost of fo... by cjbgkagh on Sunday November 20, 2022 @11:49AM (#33682580)
Both main parties participate in graft, but the Tories were in power so they we’re the ones doing it this time. Crazy lucrative contracts were handed out to party members, family of party members, and donors.
Re:UK food price inflation hit 16.2% in October – cost of fo... by racktash on Sunday November 20, 2022 @11:30AM (#33682335)
I think the handling of Covid-19 (and there plenty of varied, legitimate criticisms to be made about that) is definitely a UK-specific issue. Not that the mistakes made by the UK weren't also made by other governments, of course.

As for fears for the rest of Europe – I don't doubt that the rest of Europe has problems. My worries are confined to the UK because that's where I live. (To be clear, this isn't me saying I don't care about other countries. But there's only so many problems a person can concern themselves with.) I think the country could very well cease to exist unless we figure a lot of problems out.

The three reasons I listed are the ones that people keep citing. I actually suspect that the UK's problems are longer term and more fundamental. I don't think it's related to either party, either. The Conservative Party of the last few years has not been good for the country, but I'm not convinced Labour will be able to fix our deep, societal problems, either.

Re:UK food price inflation hit 16.2% in October – cost of fo... by smhg on Sunday November 20, 2022 @11:57AM (#33682683)
> I think the country could very well cease to exist

Do you mean something like Scotland going their own way? Or something more dramatic (think revolution)?

Re:UK food price inflation hit 16.2% in October – cost of fo... by racktash on Sunday November 20, 2022 @12:11PM (#33682856)
> Do you mean something like Scotland going there own way?

Yes, exactly this – the four countries of the UK going their own way and the UK ceasing to be.

(It's my personal opinion – people will of course have their own take, and good reasons for having their views – that such a happening would be a devastating event.)

Re:UK food price inflation hit 16.2% in October – cost of fo... by hn_throwaway_99 on Sunday November 20, 2022 @11:30AM (#33682330)
Exactly. All of Europe, and the world really, has had to deal with the pain (both economic and in lives) of Covid and the war in Ukraine.

But the severity of UK's problems are solely of their own making and are pretty much entirely due to Brexit, and the fallout from Brexit that caused by a string of ill-prepared "leaders".

That said, one reason I'm hopeful about the UK is that, compared to US politics, there is much less "tribalism", much more fluidity among how people will vote, and more willingness in your parties to vote for pragmatic policies when strict ideology fails. In the US most voters couldn't conceive of voting for the opposite party, such that most elections in the US come down to turnout and a small sliver of maybe 10ish percent of "swing voters".

In the UK, by comparison, after the sheer idiocy of Liz Truss, she was quickly canned, a much more realistic/pragmatic PM was installed (even if one disagrees with his overall political stance), and policies quickly changed. Also, at least in polling, there were huge swings in sentiment against Conservatives and towards Labour because Conservatives were (correctly in my opinion) being blamed for their massive fuckup.

I can't see the equivalent happening in the US.

Re:UK food price inflation hit 16.2% in October – cost of fo... by vladvasiliu on Sunday November 20, 2022 @11:40AM (#33682462)
I'm not familiar with the details of UK's issues, but I doubt that the subject at hand, food price inflation, can really be put on the back of Brexit.

Pretty much all the Euro Area (of which the UK was not a part of) sees similar numbers. According to [0], it was at 15.5% in October, from 13.3 in September.

https://tradingeconomics.com/euro-area/food-inflation

Re:UK food price inflation hit 16.2% in October – cost of fo... by hn_throwaway_99 on Sunday November 20, 2022 @11:57AM (#33682691)
To be clear, I wholeheartedly agree. I just want to emphasize that, to the degree that UK's overall problems are worse that the EU's, Brexit is largely to blame. And this is taking into account some pretty boneheaded things that EU countries did, like Germany deciding to phase out nuclear in 2011.
Re:UK food price inflation hit 16.2% in October – cost of fo... by mike_hearn on Sunday November 20, 2022 @12:17PM (#33682941)
To what degree are they worse than the EU's?

You're making a very slippery argument here. You started by asserting that things are worse in the UK than elsewhere in Europe and this is due to Brexit, but you didn't name any specific way in which things are worse. So you were called out on it because this discussion is about a single data point - food price inflation - which is not different to elsewhere. Now you're saying well no, but if things were worse then it'd be the fault of Brexit.

HN discussions on anything UK related seem to always be like this nowadays. Intellectual curiousity is dead, killed by motivated reasoning. "Things are worse, I won't say what, but if anything is worse, then it's clearly Brexit and not anything else". That's not a valid argument, it's not even an attempt to lay the groundwork for an argument. We get it - you wish no country ever left the EU - but if you want to blame leaving then you need to show a causal relation, not simply assert that the EU can only ever make things better in any conceivable capacity.

Re:UK food price inflation hit 16.2% in October – cost of fo... by hn_throwaway_99 on Sunday November 20, 2022 @12:37PM (#33683141)
The UK CPI increase year-over-year was 11.1% in October [1].

The France CPI increase was 6.2% for the same period [2].

That is a huge difference for similar developed economies.

1. https://www.ons.gov.uk/economy/inflationandpriceindices/bull....

2. https://www.rateinflation.com/inflation-rate/france-inflatio....

Re:UK food price inflation hit 16.2% in October – cost of fo... by mike_hearn on Sunday November 20, 2022 @12:42PM (#33683193)
Now compare to Germany.

The difference is caused by France more heavily subsidizing/capping energy costs. It reflects a short term deviation in market policy triggered by gas shortages, not some fundamental divergence.

Re:UK food price inflation hit 16.2% in October – cost of fo... by hn_throwaway_99 on Sunday November 20, 2022 @12:55PM (#33683317)
Exactly, that's specifically why I pointed out the issue of Germany's poor energy decisions. Germany is getting killed due to their decision to hook their wagon pretty much entirely to Russia for energy, and their inflation rate of 10.4% in October still was lower than the UK's.

The UK is simply doing worse WRT inflation than any comparable country, and nobody, not even Conservative UK politicians, really debates this.

Re:UK food price inflation hit 16.2% in October – cost of fo... by vladvasiliu on Sunday November 20, 2022 @01:13PM (#33683533)
How do you define a "comparable country"?

According to [0], the UK isn't doing that much worse than Germany (12.2 vs 12.6%). It's doing same as Norway and better than the Netherlands, Belgium, the Czech Republic and way better than Sweden. The latter being barely better than Ukraine, which is actually at war. Now I agree those are "smaller countries", so maybe not comparable?

Some "peripheral countries" are doing great (Romania), others terribly (Hungary). This is to say that values are over the place. I don't see any emerging trend that would allow easily to pinpoint the reason prices are going up in this or that country but not in the other.

The issue with Germany's decision, wrt to nuclear, is that it affects everybody because of the way electricity prices are set in the EU (priced for the most expensive production).

[0] https://tradingeconomics.com/country-list/consumer-price-ind...

Re:UK food price inflation hit 16.2% in October – cost of fo... by mike_hearn on Sunday November 20, 2022 @01:14PM (#33683543)
No, the UK is doing about the same. Look at the data:

https://tradingeconomics.com/country-list/inflation-rate

Netherlands: 14.3%

UK: 11.1%

Germany: 10.4%

Euro area: 10.6%

Italy: 11.8%

etc.

"The UK is simply doing worse WRT inflation than any comparable country, and nobody, not even Conservative UK politicians, really debates this."

Nobody debates this because outside of the HN anti-UK bubble nobody is claiming it, and nobody is claiming it because it isn't true. This is what I mean by HN discussions about the UK being hot garbage for the last few years. Way too many posters are willing to simply make things up in order to attack the UK.

Re:UK food price inflation hit 16.2% in October – cost of fo... by ChuckNorris89 on Sunday November 20, 2022 @11:34AM (#33682376)
>But the severity of UK's problems are solely of their own making and are pretty much entirely due to Brexit, and the fallout from Brexit that caused by a string of ill-prepared "leaders".

The leaders weren't just I'll prepared with Brexit, they head-on despite the consequences, since they were chasing the "EU-bad" popularity votes by pointing at the EU as the scapegoat for the UKs own self inflicted internal issues. Now the leaders have no more outside scapegoats other than COVID and Putin.

Re:UK food price inflation hit 16.2% in October – cost of fo... by rsynnott on Sunday November 20, 2022 @11:44AM (#33682515)
> The leaders weren't just I'll prepared with Brexit, they head-on despite the consequences

Well, arguably, they kind off got carried away by the thing they created; Brexiters pre-referendum were usually advocating some sort of soft Brexit (albeit often with conflicting demands which made it impossible; "single market access but we don't need to follow European rules" sort of thing), then there was May's Brexit which looked 'hard' at the time but soft compared to what actually happened, then Boris's Brexit, and then Truss wanted to make it _worse_. All of these things were worse than being in the EU, but the degree of badness intensified as the leaders of the movement were captured by the movement itself.

Re:UK food price inflation hit 16.2% in October – cost of fo... by ClumsyPilot on Sunday November 20, 2022 @11:52AM (#33682622)
Its worse then that, Voris was elected on his 'over ready deal', withing 1 year he decided to break the deal he hinself signed because he didnt like it. You couldn't make it up!!
Re:UK food price inflation hit 16.2% in October – cost of fo... by ChuckNorris89 on Sunday November 20, 2022 @11:47AM (#33682555)
>but the degree of badness intensified as the leaders of the movement were captured by the movement itself

Well yeah, the population voted to jump off a cliff, and the leaders (Boris) cheered them on and promised them the most spectacular cliff jump ever just to shove it to the EU.

In a way this is populist democracy in action and is a lesson for future generations.

Re:UK food price inflation hit 16.2% in October – cost of fo... by kergonath on Sunday November 20, 2022 @11:19AM (#33682180)
It will be ok in the long term. It has the resources to overcome its current issues (most of them self-inflicted).

However, the next decade or two might be quite difficult. To be fair, there is some justice in it. You (collectively, as a country, not you personally) cannot keep voting for the same failed ideologies and then complain when the consequences come. This needs to be the end of Toryism as it currently exists. Conservatism in itself is fine, but the combination of chumocracy, alternative realities, and rabid nationalism is toxic and destabilising more than the UK.

[edit] just look at the peerage thing, or the way prime ministers have been chosen by party members. This just cannot go on for long if you want to keep the pretence of a democracy.

Re:UK food price inflation hit 16.2% in October – cost of fo... by rayiner on Sunday November 20, 2022 @11:26AM (#33682281)
Blaming “Toryism” is pretty odd. You think the economic problems affecting the UK started in the last decade?

To me this seems to be the product of Blair-era Labour, which gutted the country by shipping jobs and industrial capacity to Eastern Europe and China.

Populist nationalism is rising throughout the western world. It’s a reaction to the failings of globalist liberalism, not the cause of those problems.

Re:UK food price inflation hit 16.2% in October – cost of fo... by Macha on Sunday November 20, 2022 @11:38AM (#33682419)
Isn't the de-industrialisation of the UK normally attributed to Thatcher?
Re:UK food price inflation hit 16.2% in October – cost of fo... by rayiner on Sunday November 20, 2022 @12:19PM (#33682968)
I think Thatcherism was the start of it, like Reaganism in the US. But it reached a peak during Labour.
Re:UK food price inflation hit 16.2% in October – cost of fo... by Barrin92 on Sunday November 20, 2022 @11:39AM (#33682447)
It's a legacy of both Toryism and Blairism which are marginally different versions of the same ideology. Since the 80s UK labor productivity has declined to a level 30% lower than in France or Germany.

Blaming the decline of industrial capacity is correct, blaming globalism is wrong-headed. Continental European economies that have buckled the trend of deindustrialization have done so precisely because they are competitive on global markets.

Re:UK food price inflation hit 16.2% in October – cost of fo... by pjc50 on Sunday November 20, 2022 @11:44AM (#33682513)
> jobs and industrial capacity to Eastern Europe and China

No, that definitely was the 80s.

Re:UK food price inflation hit 16.2% in October – cost of fo... by mike_hearn on Sunday November 20, 2022 @12:23PM (#33683010)
China was only just opening up in the 80s - Deng Xiaoping was reforming China towards capitalism throughout the Thatcher years, but yes its big rise in the 90s slightly pre-dates Blair.

Eastern Europe wasn't open to any serious trade in the 80s because it was behind the iron curtain. What rayiner means is that the UK under Labor didn't engage transitional immigration controls like other EU countries did, which combined with being an English-language-first market meant that once the ex-Soviet states were able to join the EU much larger numbers of people migrated from eastern Europe to the UK than in other countries, and then started competing/taking the lower paid jobs. This was a deliberate decision by Labour.

Re:UK food price inflation hit 16.2% in October – cost of fo... by ClumsyPilot on Sunday November 20, 2022 @11:57AM (#33682681)
> Blaming “Toryism” is pretty odd. You think the economic problems affecting the UK started in the last decade?

They came to power 12 years ago when interest rates were <1% and they've cut investment in every industry, from Wind Power to Tidal energyto basic infrasteucture like an HDVC cable to iceland to import cheap geothermal power.

They have sold profitable state assets like the green investment bank, and essential security like gas storage.

The office for fiscal responsebility has calculated that these cuts have cost us hundreds of billions in the current energy crisis.

It has also been the most law-breaking government in living memory - they illegally deported thousands of british citizens in the Windrush scandal, had party in the middle of lockdown at number 10, to the PPE/covid eqipment contract handed out without tender to friends and family, Lordship titles for friends and dobors, breaking laws on political campaigns finance in Brexit referendum and taking godgy russian donations.

Combine that with the fact that they recently proposed a law to ankle tag 'repeat protestors' without a court process or any evidence of a crime.

I genuinely fear that UK is becoming like Russia or the inside, but with better marketing.

Re:UK food price inflation hit 16.2% in October – cost of fo... by lotsofpulp on Sunday November 20, 2022 @11:58AM (#33682701)
>Populist nationalism is rising throughout the western world. It’s a reaction to the failings of globalist liberalism, not the cause of those problems.

Was there any alternative to 6B people in the developing world offering to sell their labor and environment for less than the 1B people in the developed world? Arbitrage opportunities cannot go on forever without being outcompeted.

Re:UK food price inflation hit 16.2% in October – cost of fo... by davewritescode on Sunday November 20, 2022 @12:53PM (#33683298)
> Was there any alternative to 6B people in the developing world offering to sell their labor and environment for less than the 1B people in the developed world? Arbitrage opportunities cannot go on forever without being outcompeted

The alternative is to make sure that you provide a mechanism to bring the best and brightest to your country instead of coddling the least productive at home.

It’s not popular politically so we promise coal miners another generation of work instead.

Re:UK food price inflation hit 16.2% in October – cost of fo... by lotsofpulp on Sunday November 20, 2022 @01:09PM (#33683477)
I agree, I wish the government would handout green cards with Masters and PhDs in the US. That was the developed world’s arbitrage opportunity, and they let it slowly slip away.
Re:UK food price inflation hit 16.2% in October – cost of fo... by rayiner on Sunday November 20, 2022 @01:57PM (#33683988)
> The alternative is to make sure that you provide a mechanism to bring the best and brightest to your country instead of coddling the least productive at home.

Importing other countries’ elites seems like a bad thing for the proles both at home, and the country losing their best and brightest.

Seems like a better alternative would be to do the exact opposite: force elites to stay in their home country and make it better.

Re:UK food price inflation hit 16.2% in October – cost of fo... by kergonath on Sunday November 20, 2022 @04:49PM (#33685785)
> Seems like a better alternative would be to do the exact opposite: force elites to stay in their home country and make it better.

Absolutely not! We need people in position to make decisions to see the world and understand it, not be insular nationalists because they know no other country. We need more people high up in government who are familiar with the mainstream ideas and cultural quirks of other countries, and we need more contact between cultures. Having people go to other countries is vital.

You also want enough of them to come back home, ideally (though not all of them, expats are still useful from a soft power point of view), but keeping them and preventing them from going abroad in the first place is really bad and counter-productive.

Re:UK food price inflation hit 16.2% in October – cost of fo... by rayiner on Sunday November 20, 2022 @09:08PM (#33687834)
No, we don’t need those people. Smart elites don’t make a great country. If they did, India would be a great country. What makes a great country is virtuous common people.

There is a new book describing research that shows that even after four generations, immigrants retain about half of the attitudes of their home countries: https://www.sup.org/books/title/?id=35594.

A fundamental feature of American culture is that it idolizes the “common man.” When you allow elites from other countries to immigrate to the US, you’re importing the cultural elitism from those countries, and destroying American culture in the process.

My family immigrated from Bangladesh to northern Virginia in 1989. When I was growing up, it was an egalitarian, decent place. But we were a wave of elite immigrants, and now 30 years later it’s unrecognizable. Much wealthier, sure. There’s tech jobs and elite immigrants to fill them. But the culture has changed completely. And what’s the upside for the people who were already there? Do they really benefit from Google employees pricing them out of housing, etc?

Re:UK food price inflation hit 16.2% in October – cost of fo... by davewritescode on Sunday November 20, 2022 @06:35PM (#33686743)
If you're strictly rooting for the United States to keep it's lead on the rest of the world (which I unapologetically am) then you do your best to to attract the best and brightest wherever they are.
Re:UK food price inflation hit 16.2% in October – cost of fo... by rayiner on Sunday November 20, 2022 @09:56PM (#33688156)
How is that better for the median person than America being merely competent in various industries? Life seems quite nice for ordinary folks in Sweden or France or Germany. Yeah they don’t have Facebook or Apple, but are they really worse off for it?
Re:UK food price inflation hit 16.2% in October – cost of fo... by kergonath on Sunday November 20, 2022 @12:01PM (#33682736)
> Blaming “Toryism” is pretty odd. You think the economic problems affecting the UK started in the last decade?

New Labour was a short interlude. No, the problems did not start this decade. You can see the roots in the 1980s, when London was more or less set up as Europe’s financial district at the expense of the rest of the country. Of course, some roots run even deeper, like the Empire thing and the whole class structure.

> To me this seems to be the product of Blair-era Labour, which gutted the country by shipping jobs and industrial capacity to Eastern Europe and China.

They did not help, true (and the Iraq war was much worse in terms of consequences, it killed any alternative to the conservatives for a decade and amplified the divisions without the Labour Party). But it’s disingenuous to blame them for the country’s de-industrialisation.

> Populist nationalism is rising throughout the western world. It’s a reaction to the failings of globalist liberalism, not the cause of those problems.

Populist nationalism is really not a new thing, it’s a tool that is used quite regularly. What’s almost unique to the UK and the US is how it corrupted a mainstream party, thus creeping into the heart of government. True, it’s worse in Hungary and Poland (and Russia), but that’s not setting the bar very high.

Re:UK food price inflation hit 16.2% in October – cost of fo... by Tiktaalik on Sunday November 20, 2022 @01:13PM (#33683540)
Who didn't ship jobs and industrial capacity to china? USA did it. Canada did it.

They are not in the same place as the UK. I don't the UK did anything different than what was the liberal consensus of what to do at the time.

Re:UK food price inflation hit 16.2% in October – cost of fo... by tptacek on Sunday November 20, 2022 @10:02PM (#33688197)
Manufacturing employment in the UK peaked in the 1960s and fell most precipitously in the 1980s, which cuts against your hypothesis.
Re:UK food price inflation hit 16.2% in October – cost of fo... by rayiner on Sunday November 20, 2022 @11:17PM (#33688700)
Manufacturing employment is declined due to lots of factors: https://www.frontiersin.org/articles/10.3389/fsoc.2020.00054...

> UK manufacturing employment fell especially steeply in the early 1980s during a recession triggered by a high exchange rate and high interest rates. The job losses during these years were documented in particular by Townsend (1983) and Fothergill and Guy (1991) and the process of deindustrialization more generally by Martin and Rowthorn (1986). The recession of the early 1990s added further major job losses (Gudgin, 1995). Thereafter, manufacturing output largely stagnated and manufacturing employment continued to slide even though the UK economy as a whole enjoyed 15 years of sustained economic growth.

What’s notable about New Labour was how manufacturing job losses continued even during a long period of sustained economic growth. Finance and knowledge sectors grew while manufacturing sectors declined.

Moreover, as to China specifically, the UK had little trade with China until 2000: https://www.bbc.com/news/business-53468925.amp

Likewise immigration really got turbocharged under New Labour: https://www.bbc.com/news/election-2015-32162123

Re:UK food price inflation hit 16.2% in October – cost of fo... by tptacek on Sunday November 20, 2022 @11:50PM (#33688914)
Can you support the argument that China somehow deindustrialized the UK, starting in the 2000s? The story of the UK's deindustrialization was discussed well before that, wasn't it? The working class in the UK probably doesn't much care where their jobs are offshored to.
Re:UK food price inflation hit 16.2% in October – cost of fo... by idlewords on Monday November 21, 2022 @11:53AM (#33694752)
For the decline of industry under Labour, see graphs here: https://fullfact.org/economy/did-labour-decimate-manufacturi... Manufacturing was 18% of UK output at the start of Blair's term in office, and 10% when he left in 2010. You can also search for story after story about factory closures following the 1998 Asian financial crisis, which decimated the north of England.

When evaluating Blair's impact it's also important to look at regional shifts, with money and jobs becoming more and more concentrated around London at the expense of the periphery. You can argue about the causes of these shifts, but their existence is not in question.

Re:UK food price inflation hit 16.2% in October – cost of fo... by tptacek on Monday November 21, 2022 @10:31PM (#33701440)
I can't add anything to this that your link doesn't get into. I think my only position in this thread is that Rayiner's earlier argument, claiming that Blair "gutted the country" by reducing industrial capacity, is a little too pat. I think? the article you have here would agree with that! (Particularly interesting, from a nerdy perspective, is the way the increase in service sector output messes with the Blair-era stats.) I defer entirely to this article; even if it's not perfect, it's more perfect than anything I can say.
Re:UK food price inflation hit 16.2% in October – cost of fo... by HL33tibCe7 on Sunday November 20, 2022 @12:08PM (#33682820)
You can really feel the decline these days. It’s in the air.
Re:UK food price inflation hit 16.2% in October – cost of fo... by bitL on Sunday November 20, 2022 @12:19PM (#33682972)
Not just UK, the whole EU is basically flat since 2008 whereas US, China and India are growing like crazy.