The young DESERVE house holiday and good times

Prothet_of_Doom

Young people need to struggle. It builds back bone

cells

Generali wrote: »

Why is importing more than you export bad? Surely it's a sign of a strong economy that your workers can afford to outbid people in other places.

The weak economies are Germany and China: they have to export huge amounts because their workers can't afford to buy what they produce. What would these 'strong' economies do without countries to export to? They are utterly reliant on external demand for their economic well being.

As for the G8. The UK is the 6th biggest economy in the world and a massive trading nation as both an importer and exporter. Why would they be kicked out of the G8 by Brazil which is the 8th largest economy in the world despite being vastly more populous? Surely Italy and Canada (10th and 11th largest) would be more at risk. China, whilst having a much larger GDP than the UK, has a GDP per head which isn't even a quarter of the UK's. Hardly a model of a rich country, even if it is growing fast for now.

it isn't just imports and exports of goods. You need to consider imports and exports of services both real and virtual. Eg students studying in the UK oay circa £15k each. That is equivalent to exporting £15k worth of goods.

those two taken into account means the UK is about equal. Ie nit a big exporter or importer of net capital.

china may be a big exporter of physical goods but she is a big importer of capital buying lots of foreign debt and mines and companies etc. Overall she too is aboit am equal net capital exporter/importer.


China is poorer tha the UK and the west but that isn't surprising she only really got electricity twenty years ago. Effectively where the Uk was in the late 1940s

She will continue to mechanise and catch up on a GDP per capita basis.
within 20 years she will likely attain a mid EU level income per capita and a national GDP around 40T

michaels

Mr_F_Dorsetty wrote: »

"The weak economies are Germany and China".... pardon? What? You didn't really write that did you?

A country which imports more than it exports is at the behest of the world markets - net exporters control their economies, net importers do not.

OK - how long would you give the Chinese Govt if the 'net importing' countries stopped buying Chinese products before the unemployesd masses rose up in revolution - as much as 6 months?

ruggedtoast

cells wrote: »

Electricity is what makes a nation rich. It allows machines and tools to improve productivity beyond anything possible without electricity.

The west only really electrified after wW2. It then took 40-50 years to become productive first world nations.

China only really electrified in the late 1990s. And she too in 40-50 years from that date will be a a first world nation so only 20-30 years left (by which yome pretty much all reputable bodies think she will be in the 30-40k USD per capita region)


The idea that china is just a poor nation producing trinkets for the west and reliant om that is stupid. She will become the worlds most powerful nation within our lifetimes.

Right, electricity.

You heard it here first.

Conrad

cells wrote: »

The idea that china is just a poor nation producing trinkets for the west and reliant om that is stupid. She will become the worlds most powerful nation within our lifetimes.

How are you defining power?


The UK is very much on the rise and will be a key player in the third industrial revolution unfolding - bio technology, that will completely change the Human experience. Did you see our new Kings Cross facility on Evan Davies show last night? Staggering.


China educates it's people parrot style and this is not at all conducive to inventiveness in the knowledge economy. It will take them hundreds of years to change their mind-set.


Wherever you go in the world you hear and see British songs and films and you play British video games which gives us a hint of our inventive capacity.

antrobus

cells wrote: »

A post full stupid empty statements
....

Like;

Mr_F_Dorsetty wrote: »

....House ownership is a peculiarly British illness in Europe. ..

No it isn't. House ownership in the UK is below the European average. There is nothing unique or peculiar about the nature of the UK housing market; it's pretty much in line with the likes of Denmark, Netherlands, Norway etc.

Nick_C

Of course the young should have all these things, if they are prepared to work for them. I bought my first property (a two bed flat) when I was 25. I had three jobs and was working 7 days a week. I had three holidays abroad in 7 years. I didn't buy a car until I was in my 50s.

I had good times in my 20s. Having a good time doesn't require spending a lot of money.

jaydeeuk1

Mr_F_Dorsetty wrote: »

LOL, I think you are a bit stuck in the 80's, we're not going to have a re-run of 'Threads'

Threads is a a cracking film, and I was thinking of that film when I wrote that post

And to be fair, what is / could happen in Ukraine isn't much different to how stuff kicked off in that film!

seven-day-weekend

floridaman wrote: »

But they are to expensive inline to wages

You can get a two-bedroom flat here for £65k.

Graham_Devon

chucknorris wrote: »

Sometimes I wonder if you are a bull's sockie attempting to undermine the bears.

Sometimes?!