The possibility of major economic chaos in the UK

[tomtomagain]

1900-1909 : Relatively benign
1910-1919 : World War 1
1920-1930 : Recovery
1930-1939 : Great Depression
1940-1949 : World War II
1950-1959 : Recovery
1960-1969 : Relatively benign, social progress
1970-1979 : IMF Bailout, power cuts
1980-1989 : Harsh economic readjustment
1990-1999 : Relatively benign
2000-2007 : Relatively benign
2008 - Current day : Credit crunch, economic readjustment.

If you take a look back across the decades you will see that there is always the possibility of a bit of chaos. Sometimes it is really chaotic. Sometimes it is really serious. You might even lose some money.

However you should console yourself that you live in a time during which you have access to luxuries and lifestyle that would make a Roman Senator envious.

Your life expectancy has never been better. Your health and education has never been better. You live in a free society with access to everything that 200 years of economic development has to offer.

Your doom-laden mindset is caused by the fact that you have lived through a relatively stable 17 year period after the end of the cold war and are assuming that that is the normal state of affairs.

[doodab]

I think you will find that it is the middlemen who by virtue of the importance of what we do are the ones that make the most money in the workplace pecking order. When are you off btw?

You're just the shop stewards of the modern age, justifying your existence and feathering your nest on the back of other people's hard work.

[DodgyAgent]

You're just the shop stewards of the modern age, justifying your existence and feathering your nest on the back of other people's hard work.

I can live with that though I do not try to justify my existence

[sasguru]

1900-1909 : Relatively benign
1910-1919 : World War 1
1920-1930 : Recovery
1930-1939 : Great Depression
1940-1949 : World War II
1950-1959 : Recovery
1960-1969 : Relatively benign, social progress
1970-1979 : IMF Bailout, power cuts
1980-1989 : Harsh economic readjustment
1990-1999 : Relatively benign
2000-2007 : Relatively benign
2008 - Current day : Credit crunch, economic readjustment.

If you take a look back across the decades you will see that there is always the possibility of a bit of chaos. Sometimes it is really chaotic. Sometimes it is really serious. You might even lose some money.

However you should console yourself that you live in a time during which you have access to luxuries and lifestyle that would make a Roman Senator envious.

Your life expectancy has never been better. Your health and education has never been better. You live in a free society with access to everything that 200 years of economic development has to offer.

Your doom-laden mindset is caused by the fact you have lived through a relatively stable 17 year period after the end of the cold war and are assuming that that is the normal state of affairs.

You've completely missed my point. In the past Britain had more resources than it does now to fix problems (captive markets in Empire, Empire resources, a strong manufacturing industry).
My question is how are we going to pay off this massive debt this time?
And I could turn your argiument on its head - the fact that things have been relative benign economically for a century or more does not mean some Black Swan event will not happen.

[DodgyAgent]

You've completely missed my point. In the past Britain had more resources than it does now to fix problems (captive markets in Empire, Empire resources, a strong manufacturing industry).
My question is how are we going to pay off this massive debt this time?
And I could turn your argiument on its head - the fact that things have been relative benign economically for a century or more does not mean some Black Swan event will not happen.

You never know what is just around the next corner. Maybe we can only live in hope that for you it might be an oncoming bus

[tomtomagain]

You completely missed my point.

I am saying the world is a hairy-scary place with chaos and uncertainty, death and destruction. Over the last 100 years there have been "events" that make the current situation look like chicken-feed.

The world is also full of mostly intelligent people, who cooperate and HAVE to be economic. It's not optional. People will find a way to earn a living, innovate and enjoy life.

How will it pan over the next ten years? I don't know. I could speculate but it would just be a bit of fun. But I am not concerned. Keep your eyes ( and mind ) open and stay light on your feet and you'll probably be OK.

How will we get out of debt? Why do we need to get out of debt? So we can continue to buy cheap goods from China that we don't need? The problems of this planet will not be fixed by consuming more resources.

[shaunbhoy]

Whereas I'm exporting services directly to a firm in a foreign country.

And that ought to work very well for you......right up until they train enough janitors of their own.

[sasguru]

And that ought to work very well for you......right up until they train enough janitors of their own.

You still with that MOD job you got simply because you're an ex-squaddie?

[shaunbhoy]

You still with that MOD job you got simply because you're an ex-squaddie?

What "MOD" job might that be?
Nope......have never had a "MOD" job, but I am sure I could get one if I wanted to.
Thanks for asking.



PS You still living on the allowance your wifie gives you?

[sasguru]

What "MOD" job might that be?
Nope......have never had a "MOD" job, but I am sure I could get one if I wanted to.
Thanks for asking.



PS You still living on the allowance your wifie gives you?

No I'm living off the spectacular daily rate my foreign client pays me.
HTH, BIDI.