Boomer life according to the economist
Discussion
BandOfBrothers said:
Call me a cynic, but we're f
ked no matter what.
Our competitive advantages are largely gone. The speed of information and learning has never been faster. We simply cannot expect to maintain significantly greater living standards than the rest of the world any more.
Our, that term is mostly used to provide for some national pride. Hardly any individual benefited from the competitive advantages. ked no matter what.Our competitive advantages are largely gone. The speed of information and learning has never been faster. We simply cannot expect to maintain significantly greater living standards than the rest of the world any more.
You just need to learn a skill and execute that better than the norm. That with a little marketing and you are good.
Britain has the pound, OK for many that currency is not an advantage. Just consider there are only a handful of currencies which are that stable. A former world currency.
Still there are thousands of smallish companies there wishing for a foothold in the UK. Netflix, Dreamwork all are LTD, or started as such. Some companies selling the set up of companies make money, others try and fail.
NickZ24 said:
Our, that term is mostly used to provide for some national pride. Hardly any individual benefited from the competitive advantages.
You just need to learn a skill and execute that better than the norm. That with a little marketing and you are good.
Britain has the pound, OK for many that currency is not an advantage. Just consider there are only a handful of currencies which are that stable. A former world currency.
Still there are thousands of smallish companies there wishing for a foothold in the UK. Netflix, Dreamwork all are LTD, or started as such. Some companies selling the set up of companies make money, others try and fail.
There's a lot of words there and not a lot of meaning.You just need to learn a skill and execute that better than the norm. That with a little marketing and you are good.
Britain has the pound, OK for many that currency is not an advantage. Just consider there are only a handful of currencies which are that stable. A former world currency.
Still there are thousands of smallish companies there wishing for a foothold in the UK. Netflix, Dreamwork all are LTD, or started as such. Some companies selling the set up of companies make money, others try and fail.
What exactly is the point you're trying to make?
havoc said:
NickZ24 said:
Our, that term is mostly used to provide for some national pride. Hardly any individual benefited from the competitive advantages.
You just need to learn a skill and execute that better than the norm. That with a little marketing and you are good.
Britain has the pound, OK for many that currency is not an advantage. Just consider there are only a handful of currencies which are that stable. A former world currency.
Still there are thousands of smallish companies there wishing for a foothold in the UK. Netflix, Dreamwork all are LTD, or started as such. Some companies selling the set up of companies make money, others try and fail.
There's a lot of words there and not a lot of meaning.You just need to learn a skill and execute that better than the norm. That with a little marketing and you are good.
Britain has the pound, OK for many that currency is not an advantage. Just consider there are only a handful of currencies which are that stable. A former world currency.
Still there are thousands of smallish companies there wishing for a foothold in the UK. Netflix, Dreamwork all are LTD, or started as such. Some companies selling the set up of companies make money, others try and fail.
What exactly is the point you're trying to make?
havoc said:
NickZ24 said:
Our, that term is mostly used to provide for some national pride. Hardly any individual benefited from the competitive advantages.
You just need to learn a skill and execute that better than the norm. That with a little marketing and you are good.
Britain has the pound, OK for many that currency is not an advantage. Just consider there are only a handful of currencies which are that stable. A former world currency.
Still there are thousands of smallish companies there wishing for a foothold in the UK. Netflix, Dreamwork all are LTD, or started as such. Some companies selling the set up of companies make money, others try and fail.
There's a lot of words there and not a lot of meaning.You just need to learn a skill and execute that better than the norm. That with a little marketing and you are good.
Britain has the pound, OK for many that currency is not an advantage. Just consider there are only a handful of currencies which are that stable. A former world currency.
Still there are thousands of smallish companies there wishing for a foothold in the UK. Netflix, Dreamwork all are LTD, or started as such. Some companies selling the set up of companies make money, others try and fail.
What exactly is the point you're trying to make?
The US have the right idea, Years ago they gave s
t about the middle east because of oil and energy. Now they are a net exporter so dont care. They look after Tawain for Chips and tech. But they are now building fabrication factories in the US with massive government grants. havoc said:
NickZ24 said:
Our, that term is mostly used to provide for some national pride. Hardly any individual benefited from the competitive advantages.
You just need to learn a skill and execute that better than the norm. That with a little marketing and you are good.
Britain has the pound, OK for many that currency is not an advantage. Just consider there are only a handful of currencies which are that stable. A former world currency.
Still there are thousands of smallish companies there wishing for a foothold in the UK. Netflix, Dreamwork all are LTD, or started as such. Some companies selling the set up of companies make money, others try and fail.
There's a lot of words there and not a lot of meaning.You just need to learn a skill and execute that better than the norm. That with a little marketing and you are good.
Britain has the pound, OK for many that currency is not an advantage. Just consider there are only a handful of currencies which are that stable. A former world currency.
Still there are thousands of smallish companies there wishing for a foothold in the UK. Netflix, Dreamwork all are LTD, or started as such. Some companies selling the set up of companies make money, others try and fail.
What exactly is the point you're trying to make?
GT03ROB said:
I've read that several times now & also have no clue!!
That because you haven't read the part I answer to. here again:
BandOfBrothers said:
Our competitive advantages are largely gone. The speed of information and learning has never been faster. We simply cannot expect to maintain significantly greater living standards than the rest of the world any more.
havoc said:
There's a lot of words there and not a lot of meaning.
What exactly is the point you're trying to make?
I was answering:What exactly is the point you're trying to make?
BandOfBrothers said:
Our competitive advantages are largely gone. The speed of information and learning has never been faster. We simply cannot expect to maintain significantly greater living standards than the rest of the world any more.
asfault said:
Nobody else plays the competative advantage game. we open up construction tenders and orders for new trains etc to loads of other countries and the Germans get the contracts or whoever then every other country just uses protectionism and awards contracts for home grown infrastructure to themselves. Then we wonder why we fall behind.
The US have the right idea, Years ago they gave st about the middle east because of oil and energy. Now they are a net exporter so dont care. They look after Tawain for Chips and tech. But they are now building fabrication factories in the US with massive government grants.
Not nobody but a few who still believe that if the country is number one they could also benefit. The US have the right idea, Years ago they gave s
t about the middle east because of oil and energy. Now they are a net exporter so dont care. They look after Tawain for Chips and tech. But they are now building fabrication factories in the US with massive government grants. You hit the nail on its head. That game is called a fire-sale to China and other nations by upper echelon managers.
asfault said:
Nobody else plays the competative advantage game. we open up construction tenders and orders for new trains etc to loads of other countries and the Germans get the contracts or whoever then every other country just uses protectionism and awards contracts for home grown infrastructure to themselves. Then we wonder why we fall behind.
The US have the right idea, Years ago they gave st about the middle east because of oil and energy. Now they are a net exporter so dont care. They look after Tawain for Chips and tech. But they are now building fabrication factories in the US with massive government grants.
The US economy is built on protectionism. Biden is just as tarriffy as the Orange One - there really is little difference there. The Inflation Reduction Act that is assisting in that internal investment, is a big part of that policy - and a big political spat. The UK (or rather Hunt) has said it won't mimic that path (whether rightly or wrongly). They are out of ideas basically, too reliant on London being the epicentre of the entire UK. Even if the last data, showed London getting a big uptick in FDI projects, and growing Vs Germany and France - that's a lead the oppo definitely want a piece off.The US have the right idea, Years ago they gave s
t about the middle east because of oil and energy. Now they are a net exporter so dont care. They look after Tawain for Chips and tech. But they are now building fabrication factories in the US with massive government grants. Still Hunt's gone soon, I'm not convinced that despite Labour's sketchy policy ideas in the last 10 years - they could be any worse than the current Govt.
OoopsVoss said:
asfault said:
Nobody else plays the competative advantage game. we open up construction tenders and orders for new trains etc to loads of other countries and the Germans get the contracts or whoever then every other country just uses protectionism and awards contracts for home grown infrastructure to themselves. Then we wonder why we fall behind.
The US have the right idea, Years ago they gave st about the middle east because of oil and energy. Now they are a net exporter so dont care. They look after Tawain for Chips and tech. But they are now building fabrication factories in the US with massive government grants.
The US economy is built on protectionism. Biden is just as tarriffy as the Orange One - there really is little difference there. The Inflation Reduction Act that is assisting in that internal investment, is a big part of that policy - and a big political spat. The UK (or rather Hunt) has said it won't mimic that path (whether rightly or wrongly). They are out of ideas basically, too reliant on London being the epicentre of the entire UK. Even if the last data, showed London getting a big uptick in FDI projects, and growing Vs Germany and France - that's a lead the oppo definitely want a piece off.The US have the right idea, Years ago they gave s
t about the middle east because of oil and energy. Now they are a net exporter so dont care. They look after Tawain for Chips and tech. But they are now building fabrication factories in the US with massive government grants. Still Hunt's gone soon, I'm not convinced that despite Labour's sketchy policy ideas in the last 10 years - they could be any worse than the current Govt.
NRS said:
I'm not sure Biden would have been as much in the past, but I think with Trump having started it then it is much easier, and there's probably a lot more understanding on the consequences of offshoring a lot of manufacturing and the risks it can result in, so policy makers are now more protectionist again. If nothing else the politic risks they need to cover, let alone the economic/military risk if China turns off the supply chain on important materials/products.
Biden really isn't much better than Trump. Covid "may" have forced his hand, but the US is and will always be self serving in this matter. Even the whole "near or friend shoring" exercise is a bit misleading. Flows that used to be China to the US, are now China - Mexico - US. What they have realised since Covid that threats to Global shipping routes / supply chains are a lot more expensive than previously thought. The whole Houthi thing adds a lot of potential upside inflation risk. Obviously this is minor stuff compared to the actual OP - more interesting aside. Still, the IMF stuff is now out there on the BBC. Have fun with that.....
NickZ24 said:
Valid for all so called democracies.
So called as the winner governs with minority, except if getting 80% of the vote.
Anything over 50% is a majority. 80%? wow, I don't think the West has fallen into election rigging like Russia and co....So called as the winner governs with minority, except if getting 80% of the vote.
Inflation came in hotter than expected this morning, June cuts now looking super unlikely. Not sure it makes too much difference, aside from going into the Election cycle where Rishi has been preying for multiple cuts to land before going to the polls. IMHO per prior I still think the BoE will go by Aug (see earlier where the inflation is coming from).
OoopsVoss said:
Anything over 50% is a majority. 80%? wow, I don't think the West has fallen into election rigging like Russia and co....
Inflation came in hotter than expected this morning, June cuts now looking super unlikely.
Ask your boss to pay more. Inflation is a valid reason to do so ? No success rate guaranteed. Inflation came in hotter than expected this morning, June cuts now looking super unlikely.
as a crude example how democracies vote: 80% to to the election, 5 % casts an invalid vote. Now you have already 25% not in favor of the winner, plus the 30% of the opposition party, in case of just 2 parties.
Last election 2021 it is pretty hard to find the % of how many actually participated. Usually it's around 60%.
50% of that is against 70% of all people capable of voting.
OoopsVoss said:
Boss?
BTW, participation figures are lower than you think.
could be. That makes the crude calculation even more accurate.BTW, participation figures are lower than you think.
The Winner of a democracy nowadays is governing against the electorate.
A low participation makes a mockery out of any democratic process. And the elected officials know, otherwise they wouldn't need police protection.
Steve H said:
Are they part of the electorate if they don’t bother to vote?
Yes, the whining from the "its not-democratic crowd" could easily be nixed by making it mandatory to vote. The mental gymnastics they cook up is world beating, its amazing how the wallies who use this argument know exactly what the non-voting contingent think. If you can't be bothered to vote, you don't feature in the argument.Voter apathy and engagement is something else.
Steve H said:
Are they part of the electorate if they don’t bother to vote?
Course. I won't be voting on July 4th as there isn't a party that aligns with my beliefs. If I can be bothered I may spoil the paper but won't be marking an X next to anyone anymore just because they are, according to a manifesto which ain't worth ****, better or worse than the alternative.
PS I know the Economist is fairly neutral, but I always thought articles like these exist for no other reason than to cause divisions between various demographics. And going by the near 40 pages of arguments on this thread I could be right.
Edited by NaePasaran on Friday 24th May 09:31
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