It's simple enough

[MorkandMindy]

The nation is going in the wrong direction, both the EU route and the non EU are not good options in themselves.

Those who can remember will recall the nation had no money after WW2 and a huge national debt on top of it. But once a year there was a tally made and each year the trade balance with the rest of the World once the invisibles were included, on which we made a profit about equal to the small loss on visibles, came out about zero despite importing petroleum.

From early in WW2 to 1971 the tax rate on top incomes was 90% or higher, and when it was lowered at first a non earned income tax was added. There was so little money that there had to be restrictions on taking money out of the country.

That era of shared money, the little of it there was, was a Socialist Era. In many ways it was a good time. There was equality in the council estates, a feeling of togetherness and Britain led the World in many areas. Britain had arguably, the best jet interceptor, the best medium bombers, the two largest ocean liners, the most powerful locomotive, put a satellite in space which is still in orbit and still working, and a bit after that a fabulous thorium reactor.

Then along came North Sea oil. If we had continued as before we would have zero debts, a stack of money, a constant source of revenue, a well-educated population, a sizeable highly skilled workforce and plenty of industries from hand craft and mid tech all the way to the very top of high tech.

Now we have little industry and a huge balance of trade deficit.

 

[Oafman]

The world caught up with our manufacturing. Thatcher allowed (encouraged) its demise too quickly, but its demise was inevitable.

 

[MorkandMindy]

It's just Britain back to the usual, class warfare. Dump any productive activity the working class may have, let them serve the middle class in umpteen supermarkets, shoe stores, clothing stores, DIY stores, warehouses, let them serve.

Keep the middle class activities of walking around in offices drinking coffee and talking garbage, and let the Upper class lose as much on risky bank loans to developing countries as they like. Sometimes a project folds and other times the bank gets a lot off the 'developing' country in one way or another. Both the developing country and the bank's host country that bails them out (Britain) lose.

The middle class get a fortune from rising house prices and the upper crust in bonuses and rising stock values, all good except the country will go bankrupt.

 

[theFijian]

Was there a question in there somewhere?

 

[MorkandMindy]

It is simple enough.

It is no surprise the young are more in favour of 'remain'.

Of the two wrong directions, the self governing direction where the old and rich remain in control in Britain, is more wrong. Other European countries like their young and we will be governed in a more balanced way with policies more oriented toward the future from Brussels than from Britain.

 

[theFijian]

Of the two wrong directions, the self governing (ie democratic) direction where the people remain in control in Britain, is more wrong. Other European countries like their young to be unemployed and we will be governed in a more centrist way with policies more oriented toward the future for Brussels eurocrats than for Europe as a whole.

Fixed it for you.

I'll say this for you, you have a fertile imagination

 

[Armoured]