Read on Twitter
I've been thinking a bit more Ankit this topic since writing the thread earlier in the week.
The steering point for 1920s UK was the double shock of WW1 & the Spanish Flu pandemic.
Nobody is comparing Brexit to WW1, but both are expenses and distortions to the system. https://twitter.com/SloughForEU/status/1288411688602042368
The steering point for 1920s UK was the double shock of WW1 & the Spanish Flu pandemic.
Nobody is comparing Brexit to WW1, but both are expenses and distortions to the system. https://twitter.com/SloughForEU/status/1288411688602042368
The UK struggled through the 1920s. In hindsight, some bad decisions were made, yet we were led financially by some of the greats. Winston Churchill as Chancellor of the Exchequer, John Maynard Keynes advising the government.
Now we just have incompetents in charge.
Now we just have incompetents in charge.
We weren't hit that badly by the Great Depression. Mainly because we were already scraping along the bottom.
Instead, the poor parts of the country stagnated, while for London and the larger southern towns it was a slow boom. The era of Metro Land.
Instead, the poor parts of the country stagnated, while for London and the larger southern towns it was a slow boom. The era of Metro Land.
Maybe some things saved us at that time. Our economy was bad, but not bad to the extent of many places in Europe where hyperinflation and other factors lead to a rapid rise of bigotry driven toxic nationalism and bad people taking charge.
Back to Brexit. We've a double shock to the economy, but no great leadership at present.
Predictions say generally the poor areas of the UK get poorer & the rich get richer.
It's hard to say exactly what will happen, but no predictions say Covid & Brexit are the route to a boom.
Predictions say generally the poor areas of the UK get poorer & the rich get richer.
It's hard to say exactly what will happen, but no predictions say Covid & Brexit are the route to a boom.
It took until the 1960s for the UK to truly emerge from this economic malaise. 45 years on. Fits with Rees Mogg's seeing the benefits of Brexit in 50 years.
Of course there were other massive factors in the way - there always are. A colossal war & much more.
Of course there were other massive factors in the way - there always are. A colossal war & much more.
But I can much more easily see the 2020s & beyond as a loose reenactment of 1930s & 30s Britain than I can see them as the imagined boom time of Telegraph columnists minds - something enjoyed by the USA that never really touched the UK.
One more thing. Unemployment in the UK was not above what it's hit in more recent times - but it led to far worse poverty.
The reason why is simple - there was little social safety net back then.
Exactly the situation that many in the Tory Party seem keen to recreate one more.
The reason why is simple - there was little social safety net back then.
Exactly the situation that many in the Tory Party seem keen to recreate one more.
