Both GDP and living standards are discussed in the article. The NHS is addressed near the beginning as proof of the deteriorating condition of living standards. 1/10th of the population are on a waiting list for care. 1/10th have done DIY dental work.
You're right that GDP is not a measure of living standards. But neither is saying "NHS" a measure of living standards. Do you actually have a measure you could refer to in order to prove the article wrong?
Preventative interventions can; preventing obesity falls under the purview of healthcare departments like the NHS.
But neither private insurance nor hospitals have any incentive to operate preventatively because insurance can just increase premiums and everybody happily makes more money... Some might observe how that also increases the GDP...
The USA doesn't do much of that though. It prefers medical care.
(E.g., adding a dose-dependent sin tax on food-like substances with added sugar, subsidizing real food for those on SNAP. Unpopular because who doesn't want their simple carbs?)
I don't think it's a matter of better or worse quality, the Healthcare being expensive and for profit in Mississippi leads to people just not going to the doctor at all
What matters is the outcomes. If nobody is able to use a world-class healthcare system (for whatever reason, could be affordability as in the US or availability as in the UK), then as a whole it's as good as no healthcare.
An even stronger case is pointing out that Japan has a lower GDP per capita than Mississippi. But walk around Japan and try to claim that it's "poorer" than even a wealthy state in the US.
So the same quality and reach of the public transit in rural Japan and rural USA? The same percentage of net income spent on the similar healthcare procedures in rural Japan and rural USA? The same quality and percentage of net income spent on the education in rural Japan and rural USA? I have doubts.
I live in a pretty rural, red small town USA and we have a great bus system. Disabled/elderly/sick can even call and be picked up in front of their home. Our library system is expanding in size and scope (they do a heritage seedbank now). Schools are tough to fund because the feds own most of the land and even though the deal was we lost tax revenue because federal land but that was made up for in logging/mining revenue the feds just stopped giving permits and screwed our community out of the jobs/promised revenue. Rural America isn't all the hellscape the internet pretends it is.
GDP is one of the most meaningless ways to compare the standard of living in two countries. It can only compare their financial position and it's questionably good at that.
> The National Health Service, the celebrated pillar of the British cradle-to-grave welfare state, has a backlog of 6 million patients—almost a tenth of the population—waiting for treatment. The health service now has to spend more money settling maternity-malpractice claims than it does on actually providing maternity care. Many Brits can neither obtain an appointment with a publicly funded dentist nor afford a private one; in a 2023 survey, one in 10 reported doing DIY dental work, in extreme cases extracting their own teeth or gluing broken crowns back together.
That article fails to note that the USA lags behind the UK in global rankings of overall dental health. We are either joint fourth (Sweden) or fifth; the USA is ninth.
NHS dentists are scarce for policy reasons that are inexcusible. But private dental care here is not actually particularly expensive unless you want it to be, and it is good.
(Again, don't imagine that "private healthcare" in the UK is expensive in the way it is in the USA).
We have our problems and they are escalating in some ways, but my main issue with this article is that again US writers tend to assume that words and terminology have their US meaning and broader connotations.
Standard of living comparisons that use US concepts (car ownership, air conditioning ownership, even in the recent past comparing how many people dry their clothes outdoors, which is common American poverty indicator) just cannot capture the nuance in a way that makes sense.
>The health service now has to spend more money settling maternity-malpractice claims than it does on actually providing maternity care
This figure is from an article in the Times, and has no connection to official NHS figures. The Times just guessed how much it might be, and reported it as fact. Then, since The Times is a paper of record, other news outlets have run with it.
It is paywalled. I only had access to the first two paragraphs. Regardless, that description changes nothing. "The NHS is overburdened" is a problem, but it is still better than not having the NHS at all.
The unfortunate thing is though that general medical care under the NHS is a complete postcode lottery - if you're lucky enough to be registered with a decent practice you're okay, if you're not you're screwed.
On the other hand, emergency medicine through the NHS is probably just about the best you can get. I cannot sing its praises highly enough.
I wouldn't be so sure about that. The article outlines how hard it is to get dental care in the UK, which just isn't going to be as difficult in Mississippi. Mississippi's Medicaid covers emergency dental care so it's available, you just probably have to drive, but that's true of most things in most of the US. The real healthcare issue in Mississippi is the shortage of providers, which is also an issue in most of the UK.
The article outline that 1 in 10 people in the UK have done DIY emergency dental care, wich suggests strongly that the availability is less good than advertised. In fact a large portion of the article is about growing NHS wait times.
I know about 6-700 people over here in the UK, I live in a poor-ish Northern town and I don't know a single person who's done "DIY dental care". Not one.
Now 600 people is a lot smaller than 60 million, I don't doubt there are people who have pulled a tooth out, but to get those sorts of figures, you'd have to count all the kids who pull out a tooth with a bit of string to get £1 from the tooth fairy.
This is a completely bogus article and it's no surprise that the Brits are jumping in to uh complain. There's no comparison between the two areas.And to discuss the failings of the NHS and dentistry is just laughable. They're not perfect, but they're really a lot better than dying because you don't have your credit card. Nobody's ever died in the UK because they didn't have a credit card.
> but they're really a lot better than dying because you don't have your credit card
This isn't a correct characterization of US healthcare either. No one is denied lifesaving care due to inability to pay by law. In fact 92% of Americans have some kind of health insurance. Of the ~8% who are uninsured, yes many do defer routine medical care which may lead to adverse long term effects. Its a real problem. However ~70% of the uninsured are eligible for Medicaid, subsidy, or employer insurance, so there's room to improve on getting those people signed up.
A lot of fellow Eastern Europeans travel back home to get medical care. This is good testament about the quality of care and personal in UK - since ours are like take out of a horror movie
Eastern Europeans doing "medical tourism" is often powered by higher salaries in the West and lower living standards in the East. That's true not only for healthcare but for majority of services. You absolutely can get quality private care in the West - it's just much more expensive. The private care is also much less affordable for the locals in the East.
While true, isn't that a rich life benefit in general? E.g. Brits can choose (important hat they have options) to trade some time to get even cheaper and just as good healthcare services compared to Mississippians who don't have such an option at all. So an aggregated quality of life for Brits is even higher because of that.
This comparison of the large Western European economies (most frequently Germany) to America's poorest state based on GDP-per-capita is all the rage on the US right at the moment.
It's an eye-catcher, but obviously fallacious - the usual counter has been to point out the life expectancy difference of 10+ years.
Not that most people are particularly interested in nuance, smh
Some people are just all-in on the moronic MAGA nationalism and refuse to earnestly engage with critiques of the US. America is always better than Europe, even when it's not.
A comparison between the quality of life of someone on median income in Mississippi vs the equivalent in the UK / Germany / France would be an extremely effective counter, too.
The gap is nowhere near that large when controlling for the difference in demographics. Despite that, America is undeniably obese which is easily the largest factor contributing to life expectancy.
It's fascinating to see to what lengths people will go to maintain their denial.
As someone who has been in and out, the poverty increase in Western Europe is astonishing. Whatever metrics I will show you, will meet something like "oh yeah but metrics X doesn't mean anything", but still, 20y ago buying a car was fairly standard. Going on holidays same. Let's not talk about buying a house. Nowadays, any of the above is considered as a sign of being "privileged", while it used to be middle-class before.
The same in the USA. The other day I saw someone claim that people have it better now because they have more phones and TVs, and that somehow outweighs not being able to afford cars and houses.
It's odd to me that there's only a passing mention in one paragraph about energy costs effecting places like Stoke-on-Trent, and dwelling on austerity as though government cuts caused industry to leave. England has the highest electricity prices in Europe and that is surely what has been driving industry out of the country in the last 30 years.
He's about the only one of the lot of them that actually understands that the point of being in power is to change things for the better. He's done an absolutely smashing job with energy, and I'd love him to get the opportunity to do the same sort of real improvements on the rest of the economy.
We have lots of things closing down, we need to sort that out, but burning the fucking world so we can live a life of plenty right now while screwing up every child and their own children even worse is not the way to do it.
And I don't give a shit if "China is worse". They are, because they started from a worse position, but they're improving a fuck sight faster than us. If your worldview is way too right-wing and self-centered that fucking China is a shining beacon in the darkness by comparison, maybe it's time to take a long hard look in the mirror.
Oh, China is by no means a beacon. I just don't think we should be (effectively) outsourcing pollution to them. In the last 8 years, China has emitted more CO2 than the UK has in the last 250.
China is approximately 40x the size of the UK, and has 20x the people. Using "the last 250 years" is not in any way a comparable term.
The UK was emitting (in 2000) roughly what China is emitting today, 9.36 tonnes/capita then for the UK vs 9.24 tonnes/capita now for China. China is behind the UK on the curve from industrialisation to clean industrialisation but the "250 years" thing is just designed to present them in a bad light.
Neither of them are close to the USA, which is running at 13.8 tonnes/capita right now.
He might have been a Net Zero nut, but I don't think he's the one stopping people fracking or drilling the North Sea. And it was Nick Clegg who said "no point building a new nuclear plant as it will take ten years to deliver"(about ten years ago).
If Clegg erred, it was by being overly optimistic.
Approval for Hinkley Point C was indeed granted ten years ago but it has not, in fact, delivered. Unit 1 is currently estimated to begin production in 2030 at the earliest.
If the projected £48bn cost had instead been invested in building out new wind and solar projects, they'd be online now and would already be producing more electricity than HPC ever will, even when taking the differences in average capacity factor into account.
Even taking the different average capacity factors into account, the renewables would still produce more electricity each year than Hinkley Point C.
The case against new nuclear is simple: they take too long and cost too much money. HPC got the go-ahead based on EDF bearing the brunt of the risk, but if we could have persuaded French taxpayers to subsidise new UK offshore wind it would have made much more sense for us to do that instead.
> The case against wind and solar is that it only works when it is windy or sunny.
It is 2026 and "solar" can for a while now be read as "solar with battery storage". Similar, grid-level storage for any other intermittent power generation method.
We all know this, you included. This tired and childish talking point that "solar only works when it is sunny" is boring and increasingly at odds with observed reality of these power systems as they are now rapidly being built out.
Im referring to brexit and to his "cut the green crap" which left us horribly exposed to energy price shocks caused by Putin. North sea barely has any gas left and is not economically viable. And yes as you have alluded, most of the NZ policies the rw populists are raging about were drafted years ago under the conservatives.
Oil companies seem awfully keen to drill in somewhere that is not economically viable. Net Zero has left us more exposed to Putin, not less as we don't produce much of our own energy and are in fact buying Russian oil via India, rather than drilling out our own.
GDP is a measure of economic output only. It doesn't say if that output is actually efficient or useful. For example, if everyone in a country is in perfect health, they might have a very small medical expenditure, which would negatively impact GDP.
The article never said poverty is only a function of gdp, so I'm not sure who your comment is directed to. The article discusses gdp per capita, the devaluation of the pound, declining wages and the decline of health care all in the free paragraphs. If those things go in the wrong direction you can indeed be as poor as Mississippi.
True of course, this is ONE indicator, but a key one, and what matters is not so much that the metric now matches Mississippi. It is that it used to match the wealthiest states in the US, and now it matches the poorest.
The metrics are similar for most of western europe, which objectively destroyed its economies over the past 30 years throught "social-democracy", 50% taxes, crazy state expenditures, bureaucracy, etc.
Is it possible that maybe Mississippi.... isn't terrible? I've never been there but is it just a given that it's a horrible place to live? I understand their schools have improved a good bit, at least. https://en.wikipedia.org/wiki/Mississippi_Miracle
Like most of the South, where I proudly live, it's a place where the poor and rich live very different lives. It has pretty bad places (just like the UK), but it has areas with great quality of life and is far from "horrible".
> Is it possible that maybe Mississippi.... isn't terrible
Pretty much. Mississippi does have significant issues (it's HDI [0] is significantly lower than anywhere else in the UK or US), but is comparable to peers in Metropolitan France [1] such as Normandy, Lorraine, and Picardy, as well as several regions of Italy [2]. Basically, not great but also not some third world despair of darkness.
Most likely, if a deeper subnational analysis was done of Mississippi, there would be a stark difference in HDIs between the unindustrialized Delta and industrialized North and Gulf Coast.
That said, at least it's been decades since Mississippi has seen a race riot where rioters were purposely burning black people's houses like what we saw in Belfast last night [3].
Plenty of Brits need to do some soul searching. There's a reason why even despite Trump, everyone who is eligible for an O1 tries to come to the US over London. Comparing the UK with Mississippi based on GDP per Capita is facetious, but the UK is similar to Mississippi in many other ways.
It's a good tool! That said, I also recommend looking at European (and other) nations from a subnational lens as well.
The North-South divide in Italy, the FRG/GDR divide in Germany, Northeast and Southern versus Central France, and various other representations of spatial inequality exist within Europe as well.
The reality is a Parisian, Londonian, and New Yorker have much more overlap with each other than they do with their own compatriots, yet it is this class that is overrepresented in any discourse on social and traditional media.
Thanks, I'd love to add them! Do you have a good source for this data? I did a quick look at the site you linked above and I'm not sure whether it has numbers for GDP or landmass for these regions.
I've lived in Mississippi Hill Country, the Delta, and the Mississippi coast. The Delta is awful. Mechanization in farming and fleeing industry left the population behind to wither. North MS and the coast both have great things going for them and are relatively nice places to live, especially when cost of living is taken into account.
Agreed. Its not just the size of the pie but how it is sliced up.
Canada is on the same footing as Mississippi regarding GDP per capita. But if you look at the economic standard of living of the poorest income earners in Canada verses their equivalent in Mississippi, the Canadian has a better standard of living.
In the USA, the size of the pie is quite big and the wealthy get a much bigger slice of that pie than most other Western countries.
I can't really even be smug about the framing anymore, this is like a developer deflecting blame for a bug by saying "oh I don't know, it was cursor/claude"
Anecdotally, I meet some Polish returnees from the UK when I am in Poland.
You can often tell by something like a small Union Jack hanging by the checkout bar etc. (they seem to cherish the memories), and I like to ask them about their experience.
The consensus seems to be that it does not make sense to bear British costs of living for British wages anymore, and that the living standards have reached approximately the same level here at home.
Something very similar was said to me in 2023 by a youngish barista in Riga, Latvia.
At a large company I know, offshored Polish developers now cost more than ones in the North of the UK. So I think Poland has come up as much as parts of the UK have gone down.
Oh yeah, Poland has grown tremendously. I still remember Poland at the end of the 1980s when the Jaruzelski junta relinquished power: poor, shabby, nothing in the shops, badly dressed people looking for oblivion in wodka wyborowa.
Nowadays it is an optimistic and rich country. A few weeks ago, I walked around Chalupki, a relatively unknown small Silesian town on the border. I noticed that most of the family houses just shone with new facades and generally had the "we are fairly wealthy" look; they could have stood in Switzerland. And you could find all sorts of high-brow food in the local Zabka store, like seven types of Kombucha.
I love the Atlantic but here we go again: Americans defining Britain in American terms as if they are the ineffable, indisputable default.
The USA, right now, is heading into its own Suez crisis, with a de facto king attacking its democracy, and literally cannot even organise a proper birthday party at the most prestigious address in the world.
The UK has many problems we must grapple with, but I think, maybe, right now is not the time to argue from a US default position. Not least while your three vice president ghouls (Musk, Vance and Rubio) are so loudly cheering for us and all of Europe to fail.
To quote your first king, clean up your own backyard.
I doubt there are many people at the Atlantic who voted for Trump and the author has worked for the Economist before. So I'm not sure what you're asking for, unless you're saying he should move back to London if he's to write about the UK.
Ahh well if he worked for the Economist that explains it. Sorry, I didn't realise.
I didn't suggest that Trump voting was the problem. Americans of literally all political persuasions have simply no idea how this country actually works. There is a level of ignorance that is often comical.
The reverse is not true in quite the same way. If you were to ask an American to name UK political figures, most cannot. Whereas our coverage of your political system is such that anyone with a passing interest in politics can _really_ get into it on US politics; it's a very asymmmetric experience that is hard to explain.
>Whereas our coverage of your political system is such that anyone with a passing interest in politics can _really_ get into it on US politics; it's a very asymmmetric experience that is hard to explain.
I don't share your enthusiasm in this being a good thing. In fact, this is a common problem I've noticed over the last decade in that Europeans feel like they know the US and are qualified to comment on issues by virtue of consuming movies and political media of a certain spin (like all media). You are simply consuming someone's opinion with little to no opportunity to validate it against day to day life.
But this time round in particular, it is absolutely a thing. People in Denmark, for example, have no choice but to understand at some level the internal cabinet politics of the USA. Because they need to know, when JD Vance turns up, who is he actually talking for? What does it mean if he refuses to rule something out? What real power is there in his confidence?
It's the same as needing to know, if Biden offered something, what was the likelihood of it simply being torn up by a returning Trump.
The asymmetry comes from scale: the UK and individual EU countries needed to know a lot more about the internal directions of a country six times our size, because those internal directions will very much affect us.
It is changing, because the EU is finding its collective voice this time round, whereas in Trump 1 they still had to worry that individual countries might not wish to follow a party line. Now everyone understands the stakes of not having an aligned voice, and the UK is in a position to at least sing the harmony.
You have a literal king, so maybe you shouldn't criticize them lest the coppers show up at your doorstep. Our "king" was democratically elected and has so little power he can't even organize a birthday party as you say, let alone do anything else.
> so maybe you shouldn't criticize them lest the coppers show up at your doorstep.
Not sure what you imagine the UK is like but we literally don't have lèse majesté laws, so there is no legal basis for that to happen. It does not happen. (And no, merely saying it online isn't a basis either).
Apart from stupid comedy overreactions at the coronation protests that exasperated us all and saw significant pushback (our police lean so firmly against use of force at protests that they sometimes do silly things in the name of stopping "disruption"), we have a rich, varied, centuries-long tradition of being able to soundly criticise our monarchy.
Indeed we did so with such efficiency recently that our king actually listened and took his own brother's title, powers and roles away.
Meanwhile there are people in the USA fighting lawsuits over being falsely imprisoned for saying true things about Charlie Kirk.
You're arguing with people who don't understand the word Parliament in the term "Parliamentary Democracy". Just nod, tut, and move on, it will be better for your mental health.
Funnily enough I am OK about this stuff, these days.
It would be absurd to pretend that we don't have problems; we obviously have problems. And things are extremely bad right now, especially with our former transatlantic friends actively agitating the situation.
But internationally it has got a lot easier to see our problems with clarity in the last year and a half, and a lot easier to argue that every significant country has its difficulties.
Sure, there is a guy with a title of King, but this isn't some medieval fairytale ruler. The British monarchy has effectively zero power over the country and its population and are simply there for historical reasons and to continue making the country a rather lovely tourist destination.
The monarchy simultaneously has zero power and all the power.
In the sense that it is the entity in whose name the government acts on behalf of the people: it's the representation of the state.
In principle, the monarch could refuse royal assent. In practice, if it did, the entire unwritten constitutional convention that preserves it would collapse.
So in practice, the monarch is the head of state in the same way that the Irish or Israeli presidencies are: it's non-executive. "My government will" means "the government will". A formality.
Explicit US foreign policy seeks to undermine the EU — literally meddling in favour of people who wish to see the EU federally weakened.
And Musk argues for violence, including at far-right rallies.
This is not some positive, friendly, brotherly call for us to wake up — it's an argument for white supremacy (as most recently outlined by Pete Hegseth, weekend TV anchor turned defence secretary).
Hmmm... the only people that have "federally weakened" the EU are those that made that continent much poorer and less powerful than it was 20, 30 years ago. So you are correct partially: the US, throughout the second half of the second century, have seeked to weaken Europe and successfully done so (all indicators are worst now than they've ever been in Europe).
It really does not. Honestly, seriously, really does not. There is such a profound international misunderstanding of the law here and what people who actually see prison time for online comments have to have done to get there.
Inciting violence online is taken really seriously. Unless it's Elon Musk where we appear to be powerless.
So I've long had the theory that the primary cause of economic malaise is high housing prices. It makes labor more expensive. It makes everything more expensive. Treating houses as investments actually kills the economy.
I recently came across an actual economist who has been saying the exact same thing, which he calls the Housting Theory of Everything [1]. He has written a number of papers on this doing the math and has a bunch of videos around this topic.
For example, this gap with Missouri actually goes away when you consider purchasing power [2].
Fudge himself is a capitalist but he points out what I think a lot of capitalism defenders don't know, and that is that Adam Smith hated "rentiers", saying they got unearned income by essentially hoarding land. That's a problem we have now.
His theory uses a term he calls the "rentier black hole" [3] and the premise is essentially that the returns on property are too good such that it sucks away any investment on productive ventures. Instead of building a factory in Manchester, you park your money in Knightsbridge property. And that's where all the money is going. It increases the returns and sucks away all money.
I'm not at all convinced that reasonable housing prices are a magic bullet for the economy. Housing in Japan is treated as a depreciating asset rather than an investment and is dirt cheap (outside of the most desirable parts of Tokyo, of course, but even then it's a pittance compared like-for-like with, say, desirable parts of NYC), and Japan's economic stagnation for decades is nonetheless well-known; it could be the dictionary illustration for "economic malaise". Of course, reasonable housing policy should still be pursued... just with basic human living standards being the justification rather than "it'll make our economy numbers go up" justification.
Japan makes me feel very confused about what economic statistics actually mean. People have great housing, beautiful and safe neighborhoods, ample access to the world's best transit, tons of entertainment and cultural products to access, excellent education and one of the longest life expectancies. Sure, they maybe have some minor problems. But I suspect that if an alien came down to Earth, toured all the countries and then was asked to rank which ones it thought were the richest without looking up economic stats I'd expect it would rank Japan near the top.
High housing prices will kill a good economy but having moderate rents will not somehow jumpstart a bad economy. JP's slump isn't evidence against housing theory of everything.
I do agree. I'm actually of the opinion that the economy is in generally good shape and that "number go up" should not be the end goal. It is abundantly clear that real living standards on the ground are completely divorced from the obsession with infinite growth.
Japan's economic malaise is a big topic that's mostly driven now by a rapidly aging population. Why is it aging? Low fertility rates [1]. So why are fertility rates so low? It kind of started with the housing bubble in the 1980s that created a youth unemployment crisis (ie hikikomori), which has now come to the West where we now have a youth unemployment crisis (and thus NEETs). I found this [2]:
> Japan made the same discovery thirty years earlier. The hikikomori phenomenon (young men, predominantly, who withdraw from social life entirely, sometimes for decades) emerged in the 1990s, after Japan’s asset bubble burst and the lifetime employment compact dissolved. The cultural commentary at the time, both Japanese and Western, framed it as a peculiarly Japanese pathology, something about shame and conformity and the pressure-cooker school system. This was wrong. It was a structural response to the closure of the productive ladder, and it has now appeared in every developed economy that has reproduced the same structural conditions.
It's worth noting that the US fertility rate is alos below replacement levels (~1.54) but the only thing that props up our population is immigration. Japan eschews immigration as a de facto ethnostate. South Korea is further along in that crisis. China will need to find a solution too.
But there are cultural reasons here too. Japanese work culture, pay relative to work, etc.
While the official youth unemployment rate in Niger is something like 0.5%, that includes things that wouldn't count by western standards (e.g. sustenance farming). The youth unemployment rate there, by how we measure it, is more like 50%. To call the situation in Japan or the USA a crisis compared to that is laughable. Yet they have a fertility rate of ~6 births per woman. You've come up with a fun theory, but it clearly doesn't work.
Fertility is on the decline, particularly in the west, although increasingly spreading, quite simply because it is socially unacceptable to have children. Society says you need to focus on your career instead. It creates TV shows, like "16 and Pregnant", designed to dissuade viewers from having children. So on and so forth. Social pressure is a powerful drug.
In fact, the pocket communities where certain religions that push a 'make babies' agenda are commonly observed, where the social pressure goes in the other direction, we find many families pumping out kids like there is no tomorrow. Social pressure works both ways, but the "having kids is cool" is not the prevailing social wind.
Hikikomori are ~0.5% of the population according to a 2015 government survey's estimate. Blaming fertility rates, a youth unemployment crisis, and economic stagnation on NEETs is literally insane. [2] is a completely LLM-generated blog post. Your pet theories about how economies work should probably be grounded in more than 5 minutes of taking whatever bullshit you read on the internet as truth.
The unemployment rate doesn't capture the scope of the issue. That's true in the US and Europe too. It doesn't capture people who are undermployed, locked into lower-paid positions, have to juggle multiple casual/part-time jobs and end up doing "gig" work, which is often sub-minimum wage once you factor in depreciation.
As for Japan, in particular, we have the Lost Decades [1], where the 1980s asset bubble collapsed and the economy stagnated for 20 years. Part of this was cultural too. For all of the faults of the US banking system at the time (eg the S&L crisis), the FDIC's approach is to take over failing banks whereas Japan let essentially bankrupt banks exist and gum up the economy. They are known as zombie banks [2]. You had zombie companies too and the entire thing largely came down to avoiding a loss of face by declaring bankruptcy, restructing or doing mass layoffs.
For over a decade, you had the "employment ice age" [3], which essentially destroyed GenX at the time they'd otherwise be starting families. This continued into the 2010s with the millenial generation.
Young people aren't stupid. They can look at their environment and increasingly realize they'll have no work-life balance, be lucky to find a good job, get paid enough to live on that job, won't own a house and can't afford to have a family. I call this a crisis in hopelessness. I also think this underpins how consumer spending has remained relatively strong. People are living for experiences rather than saving for a future because they have no future.
> Treating houses as investments actually kills the economy.
Failure is always a possibility, but historically it hasn't killed the economy, it has rebalanced the economy; seeing businesses and people reduce their concentration in a specific area as they fan out into lower cost areas. Which is a rather useful function. This is why we're not all living in one giant heap somewhere in Africa.
Where do you think the term "rent-seeking" comes from? To quote Adam Smith [1]:
> “As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed and demand a rent even for its natural produce.”
In the mid 1990s, the average house price in London was under 80k. It's now pushing 700k. Are salaries 9x? No. What is this other than stealing from the next generation? Raising house prices are nother more than a massive wealth transfer from the young and working to the old and wealthy.
but here's the bigger problem. If you have essentially a guaranteed 9% return on a highly-leveraged asset with tax advantages and government guarantees, why would you invest in a factory or a business? That's the real reason manufacturing has hollowed out in the UK.
I agree with Xi: houses are for living, not speculation [2]. We should absolutely punish rampant speculation by heavily taxing land hoarding.
> why would you invest in a factory or a business?
Because you cannot afford to join the ranks of the investment class, so what else are you going to do with your time?
You are quite right that you are not going to build your business in London, though. You are going to take your business to places where starting a new business makes sense.
For the American audience, Detroit lived what you describe. What started as a vibrant manufacturing centre turned to property investment and soon it could no longer sustain itself. The people not benefiting from those investments there didn't throw in the towel, though. They packed their bags for what we now know as Silicon Valley and started new businesses developing the transistor. The economy wasn't killed, it moved.
> We should absolutely punish rampant speculation by heavily taxing land hoarding.
The law is to the will of the people, so this can happen on a whim, but you have to convince the people that piling everyone into a giant heap is desirable. Most people don't want to live in one giant heap. A Kowloon Walled City-esq world is a thing of nightmares for the population at large. Most people want people to move around, to make use of the entire world, not all settle in one place. These economic factors are the engine that pushes people to spread out.
It's structural. A big problem is the Banks. They would rather lend for asset accumulation (rent seeking) than for production. In Canada, mortgage lending is literally zero risk as the banks are covered via CHMC against any defaults. Ultimately its the tax payer who is on the hook. Hence the massive housing-based economy.
And none of the politicians ever fix the structure because many of them are property owners.
The people we should be genuinely scared of today are the ones that are looking at Britain's past and are thinking to themselves that colonization sure looks like a good idea that will work super well in modern times. Which not many actual Brits think.
I mean ... Sure but England has got to stop blaming other countries for their problems too. I mean look at the shitshow that was brexit in which the UK claimed the 20 or so other countries of the EU were at fault for their own issues.
Of course with Brexit bare in mind that the majority of the populace did not vote for it. Many of us are very pro-EU and believe in European social democracy.
If you judge people by their ancestor's actions, there is literally no place, no human being that could be called moral or good. Neither you (or me), you just need to look far enough in time.
So to summarise: diversity, forced on the UK by some weird world order, is the reason for Britain’s economic decline. World-class analysis. Got it. Thanks.
1. Both the US and the UK are large countries with significant federalism and devolved powers. I think subnational HDI is a better metric [0] instead of GDP per Capita.
Once you remove the outliers that are London and the Southeast (there isn't a similar subnational comparison that can be made within the US), developmental indicators between much of the US and the UK are the same.
2. After seeing the riots in Belfast last night where rioters specifically targeted and burned the homes of Black residents [1], I'd be inclined to agree that the United Kingdom does have some hallmarks of Mississippi, and in some sense is worse. We haven't had targeted race riots in the US for decades. The UK has had 3 in the last year.
Well the thing is the US more or less has a larger diaspora population that became integrated and successful and actually had good social mobility regardless of background. The UK has a lot of areas where mobility has been rather difficult.
You look at every diaspora group and they have some level of success in reaching some good levels in business, politics, and culture. Even for groups that only arrived around 50 years ago they managed to become so ingrained into their communities that they pretty much can get respect.
Including that middle-aged white supremacist American citizens with money or power like Musk and Vance are actively using their media mouthpieces to stir the pot.
I mean, if the US argument is, as a friend, things are not working out well and they hope for better, that's one thing.
But actually prominent Americans are agitating for violence and backing extreme right-wing parties like Restore. It's appalling and it goes beyond unfriendliness to hostility.
(And do you really need targeted race riots when you can just sign up as police and kill Black people with impunity?)
> living standards fall well below Mississippi’s
GDP is not a measure of living standards. The NHS alone puts even the poorest Brit's living standards above Mississippi.
Both GDP and living standards are discussed in the article. The NHS is addressed near the beginning as proof of the deteriorating condition of living standards. 1/10th of the population are on a waiting list for care. 1/10th have done DIY dental work.
You're right that GDP is not a measure of living standards. But neither is saying "NHS" a measure of living standards. Do you actually have a measure you could refer to in order to prove the article wrong?
About Britain:> 1/10th of the population are on a waiting list for care. 1/10th have done DIY dental work
1/10th the population of Mississippi does not have health insurance.
55% of adults in Mississippi over 65 have lost 6 or more teeth. In the UK it is about 45%.
Considering Mississippi has 7-8 years less of life expectancy than the UK, the onus of proving who has better healthcare is probably not on the Brits.
To be fair, meaningful changes to life expectancy numbers tend to take longer to manifest.
For instance, if you cut preventive healthcare for younger parts of the population that will take longer to manifest.
I wish there were more modeling tools available to run what-if simulations on public data.
It's because Mississippi is the second most obese state at 40% of the pop. Healthcare can't fix that.
Preventative interventions can; preventing obesity falls under the purview of healthcare departments like the NHS.
But neither private insurance nor hospitals have any incentive to operate preventatively because insurance can just increase premiums and everybody happily makes more money... Some might observe how that also increases the GDP...
Eli Lilly may have a different point of view on that!
Actual health care can fix obesity.
The USA doesn't do much of that though. It prefers medical care.
(E.g., adding a dose-dependent sin tax on food-like substances with added sugar, subsidizing real food for those on SNAP. Unpopular because who doesn't want their simple carbs?)
I dont think paternalism raises quality of life. If Mississippians want to live short, fat lives I dont see the problem.
I don't think it's a matter of better or worse quality, the Healthcare being expensive and for profit in Mississippi leads to people just not going to the doctor at all
What matters is the outcomes. If nobody is able to use a world-class healthcare system (for whatever reason, could be affordability as in the US or availability as in the UK), then as a whole it's as good as no healthcare.
My kids are very unlikely to get shot at school.
> GDP is not a measure of living standards.
An even stronger case is pointing out that Japan has a lower GDP per capita than Mississippi. But walk around Japan and try to claim that it's "poorer" than even a wealthy state in the US.
Tokyo and Kansai, sure. But a lot of rural Japan is pretty clearly in line with rural US states.
So the same quality and reach of the public transit in rural Japan and rural USA? The same percentage of net income spent on the similar healthcare procedures in rural Japan and rural USA? The same quality and percentage of net income spent on the education in rural Japan and rural USA? I have doubts.
I live in a pretty rural, red small town USA and we have a great bus system. Disabled/elderly/sick can even call and be picked up in front of their home. Our library system is expanding in size and scope (they do a heritage seedbank now). Schools are tough to fund because the feds own most of the land and even though the deal was we lost tax revenue because federal land but that was made up for in logging/mining revenue the feds just stopped giving permits and screwed our community out of the jobs/promised revenue. Rural America isn't all the hellscape the internet pretends it is.
Japan has less trading houses at increasingly high valuations to pump up their GDP.
> walk around Japan
Ok and then go into the average person's living quarters.
There are many non-trivial differences that make these comparisons complex; GDP is about as good as you can get.
GDP is one of the most meaningless ways to compare the standard of living in two countries. It can only compare their financial position and it's questionably good at that.
Maybe should actually read the article.
> The National Health Service, the celebrated pillar of the British cradle-to-grave welfare state, has a backlog of 6 million patients—almost a tenth of the population—waiting for treatment. The health service now has to spend more money settling maternity-malpractice claims than it does on actually providing maternity care. Many Brits can neither obtain an appointment with a publicly funded dentist nor afford a private one; in a 2023 survey, one in 10 reported doing DIY dental work, in extreme cases extracting their own teeth or gluing broken crowns back together.
That article fails to note that the USA lags behind the UK in global rankings of overall dental health. We are either joint fourth (Sweden) or fifth; the USA is ninth.
NHS dentists are scarce for policy reasons that are inexcusible. But private dental care here is not actually particularly expensive unless you want it to be, and it is good.
(Again, don't imagine that "private healthcare" in the UK is expensive in the way it is in the USA).
We have our problems and they are escalating in some ways, but my main issue with this article is that again US writers tend to assume that words and terminology have their US meaning and broader connotations.
Standard of living comparisons that use US concepts (car ownership, air conditioning ownership, even in the recent past comparing how many people dry their clothes outdoors, which is common American poverty indicator) just cannot capture the nuance in a way that makes sense.
>The health service now has to spend more money settling maternity-malpractice claims than it does on actually providing maternity care
This figure is from an article in the Times, and has no connection to official NHS figures. The Times just guessed how much it might be, and reported it as fact. Then, since The Times is a paper of record, other news outlets have run with it.
It is paywalled. I only had access to the first two paragraphs. Regardless, that description changes nothing. "The NHS is overburdened" is a problem, but it is still better than not having the NHS at all.
https://archive.ph/FMSfO
The unfortunate thing is though that general medical care under the NHS is a complete postcode lottery - if you're lucky enough to be registered with a decent practice you're okay, if you're not you're screwed.
On the other hand, emergency medicine through the NHS is probably just about the best you can get. I cannot sing its praises highly enough.
Yes, cannot say highly enough of the emergency medicine. Timely and effective.
I wouldn't be so sure about that. The article outlines how hard it is to get dental care in the UK, which just isn't going to be as difficult in Mississippi. Mississippi's Medicaid covers emergency dental care so it's available, you just probably have to drive, but that's true of most things in most of the US. The real healthcare issue in Mississippi is the shortage of providers, which is also an issue in most of the UK.
Emergency dental treatment is available in the UK "within 24 hours or 7 days, depending on your symptoms."
https://www.nhs.uk/nhs-services/dentists/how-to-find-an-nhs-...
The article outline that 1 in 10 people in the UK have done DIY emergency dental care, wich suggests strongly that the availability is less good than advertised. In fact a large portion of the article is about growing NHS wait times.
I know about 6-700 people over here in the UK, I live in a poor-ish Northern town and I don't know a single person who's done "DIY dental care". Not one.
Now 600 people is a lot smaller than 60 million, I don't doubt there are people who have pulled a tooth out, but to get those sorts of figures, you'd have to count all the kids who pull out a tooth with a bit of string to get £1 from the tooth fairy.
I didn't write the article. But it would be similar to me saying that everyone I know in the US has access to pretty good healthcare.
This is a completely bogus article and it's no surprise that the Brits are jumping in to uh complain. There's no comparison between the two areas.And to discuss the failings of the NHS and dentistry is just laughable. They're not perfect, but they're really a lot better than dying because you don't have your credit card. Nobody's ever died in the UK because they didn't have a credit card.
> but they're really a lot better than dying because you don't have your credit card
This isn't a correct characterization of US healthcare either. No one is denied lifesaving care due to inability to pay by law. In fact 92% of Americans have some kind of health insurance. Of the ~8% who are uninsured, yes many do defer routine medical care which may lead to adverse long term effects. Its a real problem. However ~70% of the uninsured are eligible for Medicaid, subsidy, or employer insurance, so there's room to improve on getting those people signed up.
Technically, no-one is denied critical and emergency care due to inability to pay. Chronic diseases are ... a lot less likely to be looked after.
Unlike the NHS.
To make it worse, this is gdp per capita, a pretty worthless statistic. Someone else below points out the comparison with Japan.
A lot of fellow Eastern Europeans travel back home to get medical care. This is good testament about the quality of care and personal in UK - since ours are like take out of a horror movie
Eastern Europeans doing "medical tourism" is often powered by higher salaries in the West and lower living standards in the East. That's true not only for healthcare but for majority of services. You absolutely can get quality private care in the West - it's just much more expensive. The private care is also much less affordable for the locals in the East.
Since when is NHS private care?
The three options are NHS, private local and private Eastern Europe. On the axes of fast, cheap/cheaper, near, you can pick two.
While true, isn't that a rich life benefit in general? E.g. Brits can choose (important hat they have options) to trade some time to get even cheaper and just as good healthcare services compared to Mississippians who don't have such an option at all. So an aggregated quality of life for Brits is even higher because of that.
This comparison of the large Western European economies (most frequently Germany) to America's poorest state based on GDP-per-capita is all the rage on the US right at the moment.
It's an eye-catcher, but obviously fallacious - the usual counter has been to point out the life expectancy difference of 10+ years.
Not that most people are particularly interested in nuance, smh
Some people are just all-in on the moronic MAGA nationalism and refuse to earnestly engage with critiques of the US. America is always better than Europe, even when it's not.
A comparison between the quality of life of someone on median income in Mississippi vs the equivalent in the UK / Germany / France would be an extremely effective counter, too.
Life expectancy is complex and there's more to it than healthcare. Certainly habits, exercise, diet, etc. are a big part of it as well.
Like allowing to spray lead from airplane exhaust over the populated areas, right? Oh wait...
The gap is nowhere near that large when controlling for the difference in demographics. Despite that, America is undeniably obese which is easily the largest factor contributing to life expectancy.
It's fascinating to see to what lengths people will go to maintain their denial.
As someone who has been in and out, the poverty increase in Western Europe is astonishing. Whatever metrics I will show you, will meet something like "oh yeah but metrics X doesn't mean anything", but still, 20y ago buying a car was fairly standard. Going on holidays same. Let's not talk about buying a house. Nowadays, any of the above is considered as a sign of being "privileged", while it used to be middle-class before.
The same in the USA. The other day I saw someone claim that people have it better now because they have more phones and TVs, and that somehow outweighs not being able to afford cars and houses.
It's odd to me that there's only a passing mention in one paragraph about energy costs effecting places like Stoke-on-Trent, and dwelling on austerity as though government cuts caused industry to leave. England has the highest electricity prices in Europe and that is surely what has been driving industry out of the country in the last 30 years.
Honestly at this point if we found out Ed Milliband was a Chinese/Russian agent trying to damage the UK economy I wouldn't be surprised.
Ed Milliband for PM!
He's about the only one of the lot of them that actually understands that the point of being in power is to change things for the better. He's done an absolutely smashing job with energy, and I'd love him to get the opportunity to do the same sort of real improvements on the rest of the economy.
Is this satire? We have steel plants and potteries closing down because they can't afford to be run due to energy prices.
But that's OK because we can import from China or wherever and it counts against their (dirtier) emissions than ours.
We have lots of things closing down, we need to sort that out, but burning the fucking world so we can live a life of plenty right now while screwing up every child and their own children even worse is not the way to do it.
And I don't give a shit if "China is worse". They are, because they started from a worse position, but they're improving a fuck sight faster than us. If your worldview is way too right-wing and self-centered that fucking China is a shining beacon in the darkness by comparison, maybe it's time to take a long hard look in the mirror.
Oh, China is by no means a beacon. I just don't think we should be (effectively) outsourcing pollution to them. In the last 8 years, China has emitted more CO2 than the UK has in the last 250.
China is approximately 40x the size of the UK, and has 20x the people. Using "the last 250 years" is not in any way a comparable term.
The UK was emitting (in 2000) roughly what China is emitting today, 9.36 tonnes/capita then for the UK vs 9.24 tonnes/capita now for China. China is behind the UK on the curve from industrialisation to clean industrialisation but the "250 years" thing is just designed to present them in a bad light.
Neither of them are close to the USA, which is running at 13.8 tonnes/capita right now.
energy prices are firmly david camerons fault!
He might have been a Net Zero nut, but I don't think he's the one stopping people fracking or drilling the North Sea. And it was Nick Clegg who said "no point building a new nuclear plant as it will take ten years to deliver"(about ten years ago).
If Clegg erred, it was by being overly optimistic.
Approval for Hinkley Point C was indeed granted ten years ago but it has not, in fact, delivered. Unit 1 is currently estimated to begin production in 2030 at the earliest.
If the projected £48bn cost had instead been invested in building out new wind and solar projects, they'd be online now and would already be producing more electricity than HPC ever will, even when taking the differences in average capacity factor into account.
...when it is sunny and windy.
I honestly don't know why anyone is arguing against nuclear at this point.
Even taking the different average capacity factors into account, the renewables would still produce more electricity each year than Hinkley Point C.
The case against new nuclear is simple: they take too long and cost too much money. HPC got the go-ahead based on EDF bearing the brunt of the risk, but if we could have persuaded French taxpayers to subsidise new UK offshore wind it would have made much more sense for us to do that instead.
The case against wind and solar is that it only works when it is windy or sunny. At least Nuclear is consistent.
Thankfully the sun still rises most days. And the winds ye gods the winds
> The case against wind and solar is that it only works when it is windy or sunny.
It is 2026 and "solar" can for a while now be read as "solar with battery storage". Similar, grid-level storage for any other intermittent power generation method.
We all know this, you included. This tired and childish talking point that "solar only works when it is sunny" is boring and increasingly at odds with observed reality of these power systems as they are now rapidly being built out.
You think Solar + Batteries is equivalent to a nuclear power plant? What would the footprint be for equivalent solar power production?
Im referring to brexit and to his "cut the green crap" which left us horribly exposed to energy price shocks caused by Putin. North sea barely has any gas left and is not economically viable. And yes as you have alluded, most of the NZ policies the rw populists are raging about were drafted years ago under the conservatives.
Oil companies seem awfully keen to drill in somewhere that is not economically viable. Net Zero has left us more exposed to Putin, not less as we don't produce much of our own energy and are in fact buying Russian oil via India, rather than drilling out our own.
> Net Zero has left us more exposed to Putin, not less
Spain and Portugal are less exposed to oil price shocks. Why do you think that is?
https://oilprice.com/Energy/Energy-General/Why-Portugal-and-...
They're also more exposed to massive power outages. Why do you think that is?
Sorry, when was Ed Milliband in power again?
Oh look: https://www.gov.uk/government/people/ed-miliband
"Ed Miliband was appointed Secretary of State for Energy Security and Net Zero on 5 July 2024. He was elected MP for Doncaster North in May 2005."
HS2 Phase 1 as a whole required 8,276 public-body consents, but those were not 8,000 permits for the bat structure.
GDP is a measure of economic output only. It doesn't say if that output is actually efficient or useful. For example, if everyone in a country is in perfect health, they might have a very small medical expenditure, which would negatively impact GDP.
The article never said poverty is only a function of gdp, so I'm not sure who your comment is directed to. The article discusses gdp per capita, the devaluation of the pound, declining wages and the decline of health care all in the free paragraphs. If those things go in the wrong direction you can indeed be as poor as Mississippi.
True of course, this is ONE indicator, but a key one, and what matters is not so much that the metric now matches Mississippi. It is that it used to match the wealthiest states in the US, and now it matches the poorest.
The metrics are similar for most of western europe, which objectively destroyed its economies over the past 30 years throught "social-democracy", 50% taxes, crazy state expenditures, bureaucracy, etc.
You forgot neoliberalism, Bank lending to fund asset accumulation by the wealthy with no lending for asset production.
Is it possible that maybe Mississippi.... isn't terrible? I've never been there but is it just a given that it's a horrible place to live? I understand their schools have improved a good bit, at least. https://en.wikipedia.org/wiki/Mississippi_Miracle
Like most of the South, where I proudly live, it's a place where the poor and rich live very different lives. It has pretty bad places (just like the UK), but it has areas with great quality of life and is far from "horrible".
> Is it possible that maybe Mississippi.... isn't terrible
Pretty much. Mississippi does have significant issues (it's HDI [0] is significantly lower than anywhere else in the UK or US), but is comparable to peers in Metropolitan France [1] such as Normandy, Lorraine, and Picardy, as well as several regions of Italy [2]. Basically, not great but also not some third world despair of darkness.
Most likely, if a deeper subnational analysis was done of Mississippi, there would be a stark difference in HDIs between the unindustrialized Delta and industrialized North and Gulf Coast.
That said, at least it's been decades since Mississippi has seen a race riot where rioters were purposely burning black people's houses like what we saw in Belfast last night [3].
Plenty of Brits need to do some soul searching. There's a reason why even despite Trump, everyone who is eligible for an O1 tries to come to the US over London. Comparing the UK with Mississippi based on GDP per Capita is facetious, but the UK is similar to Mississippi in many other ways.
[0] - https://globaldatalab.org/shdi/table/shdi/USA+GBR/?levels=1+...
[1] - https://globaldatalab.org/shdi/table/shdi/FRA/?levels=1+4&ye...
[2] - https://globaldatalab.org/shdi/table/shdi/ITA/?levels=1+4&ye...
[3] - https://time.com/article/2026/06/10/belfast-protests-erupt-k...
I was curious about comparisons like the ones you're making between US states and EU countries and made this little app, maybe you'll find it useful!
https://evmar.github.io/states/
It's a good tool! That said, I also recommend looking at European (and other) nations from a subnational lens as well.
The North-South divide in Italy, the FRG/GDR divide in Germany, Northeast and Southern versus Central France, and various other representations of spatial inequality exist within Europe as well.
The reality is a Parisian, Londonian, and New Yorker have much more overlap with each other than they do with their own compatriots, yet it is this class that is overrepresented in any discourse on social and traditional media.
Thanks, I'd love to add them! Do you have a good source for this data? I did a quick look at the site you linked above and I'm not sure whether it has numbers for GDP or landmass for these regions.
This group at IMR Radboud [0] has been working on subnational inequality for over a decade
The reality is landmass and stuff doesn't matter as much as HDI which acts as a lossy indicator of development.
[0] - https://globaldatalab.org/
I've lived in Mississippi Hill Country, the Delta, and the Mississippi coast. The Delta is awful. Mechanization in farming and fleeing industry left the population behind to wither. North MS and the coast both have great things going for them and are relatively nice places to live, especially when cost of living is taken into account.
educating 10 years of children isn't going to erase generations of doing nothing.
In spite of this, I think I'd rather live in the UK than in Mississipi.
Agreed. Its not just the size of the pie but how it is sliced up.
Canada is on the same footing as Mississippi regarding GDP per capita. But if you look at the economic standard of living of the poorest income earners in Canada verses their equivalent in Mississippi, the Canadian has a better standard of living.
In the USA, the size of the pie is quite big and the wealthy get a much bigger slice of that pie than most other Western countries.
I can't really even be smug about the framing anymore, this is like a developer deflecting blame for a bug by saying "oh I don't know, it was cursor/claude"
Anecdotally, I meet some Polish returnees from the UK when I am in Poland.
You can often tell by something like a small Union Jack hanging by the checkout bar etc. (they seem to cherish the memories), and I like to ask them about their experience.
The consensus seems to be that it does not make sense to bear British costs of living for British wages anymore, and that the living standards have reached approximately the same level here at home.
Something very similar was said to me in 2023 by a youngish barista in Riga, Latvia.
At a large company I know, offshored Polish developers now cost more than ones in the North of the UK. So I think Poland has come up as much as parts of the UK have gone down.
Oh yeah, Poland has grown tremendously. I still remember Poland at the end of the 1980s when the Jaruzelski junta relinquished power: poor, shabby, nothing in the shops, badly dressed people looking for oblivion in wodka wyborowa.
Nowadays it is an optimistic and rich country. A few weeks ago, I walked around Chalupki, a relatively unknown small Silesian town on the border. I noticed that most of the family houses just shone with new facades and generally had the "we are fairly wealthy" look; they could have stood in Switzerland. And you could find all sorts of high-brow food in the local Zabka store, like seven types of Kombucha.
I love the Atlantic but here we go again: Americans defining Britain in American terms as if they are the ineffable, indisputable default.
The USA, right now, is heading into its own Suez crisis, with a de facto king attacking its democracy, and literally cannot even organise a proper birthday party at the most prestigious address in the world.
The UK has many problems we must grapple with, but I think, maybe, right now is not the time to argue from a US default position. Not least while your three vice president ghouls (Musk, Vance and Rubio) are so loudly cheering for us and all of Europe to fail.
To quote your first king, clean up your own backyard.
I doubt there are many people at the Atlantic who voted for Trump and the author has worked for the Economist before. So I'm not sure what you're asking for, unless you're saying he should move back to London if he's to write about the UK.
Ahh well if he worked for the Economist that explains it. Sorry, I didn't realise.
I didn't suggest that Trump voting was the problem. Americans of literally all political persuasions have simply no idea how this country actually works. There is a level of ignorance that is often comical.
The reverse is not true in quite the same way. If you were to ask an American to name UK political figures, most cannot. Whereas our coverage of your political system is such that anyone with a passing interest in politics can _really_ get into it on US politics; it's a very asymmmetric experience that is hard to explain.
>Whereas our coverage of your political system is such that anyone with a passing interest in politics can _really_ get into it on US politics; it's a very asymmmetric experience that is hard to explain.
I don't share your enthusiasm in this being a good thing. In fact, this is a common problem I've noticed over the last decade in that Europeans feel like they know the US and are qualified to comment on issues by virtue of consuming movies and political media of a certain spin (like all media). You are simply consuming someone's opinion with little to no opportunity to validate it against day to day life.
Oh I don't think it is a good thing, at all.
But this time round in particular, it is absolutely a thing. People in Denmark, for example, have no choice but to understand at some level the internal cabinet politics of the USA. Because they need to know, when JD Vance turns up, who is he actually talking for? What does it mean if he refuses to rule something out? What real power is there in his confidence?
It's the same as needing to know, if Biden offered something, what was the likelihood of it simply being torn up by a returning Trump.
The asymmetry comes from scale: the UK and individual EU countries needed to know a lot more about the internal directions of a country six times our size, because those internal directions will very much affect us.
It is changing, because the EU is finding its collective voice this time round, whereas in Trump 1 they still had to worry that individual countries might not wish to follow a party line. Now everyone understands the stakes of not having an aligned voice, and the UK is in a position to at least sing the harmony.
You have a literal king, so maybe you shouldn't criticize them lest the coppers show up at your doorstep. Our "king" was democratically elected and has so little power he can't even organize a birthday party as you say, let alone do anything else.
> so maybe you shouldn't criticize them lest the coppers show up at your doorstep.
Not sure what you imagine the UK is like but we literally don't have lèse majesté laws, so there is no legal basis for that to happen. It does not happen. (And no, merely saying it online isn't a basis either).
Apart from stupid comedy overreactions at the coronation protests that exasperated us all and saw significant pushback (our police lean so firmly against use of force at protests that they sometimes do silly things in the name of stopping "disruption"), we have a rich, varied, centuries-long tradition of being able to soundly criticise our monarchy.
Indeed we did so with such efficiency recently that our king actually listened and took his own brother's title, powers and roles away.
Meanwhile there are people in the USA fighting lawsuits over being falsely imprisoned for saying true things about Charlie Kirk.
You're arguing with people who don't understand the word Parliament in the term "Parliamentary Democracy". Just nod, tut, and move on, it will be better for your mental health.
Funnily enough I am OK about this stuff, these days.
It would be absurd to pretend that we don't have problems; we obviously have problems. And things are extremely bad right now, especially with our former transatlantic friends actively agitating the situation.
But internationally it has got a lot easier to see our problems with clarity in the last year and a half, and a lot easier to argue that every significant country has its difficulties.
Sure, there is a guy with a title of King, but this isn't some medieval fairytale ruler. The British monarchy has effectively zero power over the country and its population and are simply there for historical reasons and to continue making the country a rather lovely tourist destination.
Username noted, alright your maj?
The monarchy simultaneously has zero power and all the power.
In the sense that it is the entity in whose name the government acts on behalf of the people: it's the representation of the state.
In principle, the monarch could refuse royal assent. In practice, if it did, the entire unwritten constitutional convention that preserves it would collapse.
So in practice, the monarch is the head of state in the same way that the Irish or Israeli presidencies are: it's non-executive. "My government will" means "the government will". A formality.
Musk, Vance and Rubio are cheering for Europe to wakeup. Quite the opposite of what you say.
Explicit US foreign policy seeks to undermine the EU — literally meddling in favour of people who wish to see the EU federally weakened.
And Musk argues for violence, including at far-right rallies.
This is not some positive, friendly, brotherly call for us to wake up — it's an argument for white supremacy (as most recently outlined by Pete Hegseth, weekend TV anchor turned defence secretary).
Hmmm... the only people that have "federally weakened" the EU are those that made that continent much poorer and less powerful than it was 20, 30 years ago. So you are correct partially: the US, throughout the second half of the second century, have seeked to weaken Europe and successfully done so (all indicators are worst now than they've ever been in Europe).
UK!! where tweeting the "wrong" thing gets you longer prison sentences than violent criminals.
As opposed to the USA, where having the wrong skin colour gets murdered by police, or shipped off to another country's jail even if you're a citizen.
I'm a dual citizen. I choose to live in the UK.
It really does not. Honestly, seriously, really does not. There is such a profound international misunderstanding of the law here and what people who actually see prison time for online comments have to have done to get there.
Inciting violence online is taken really seriously. Unless it's Elon Musk where we appear to be powerless.
So I've long had the theory that the primary cause of economic malaise is high housing prices. It makes labor more expensive. It makes everything more expensive. Treating houses as investments actually kills the economy.
I recently came across an actual economist who has been saying the exact same thing, which he calls the Housting Theory of Everything [1]. He has written a number of papers on this doing the math and has a bunch of videos around this topic.
For example, this gap with Missouri actually goes away when you consider purchasing power [2].
Fudge himself is a capitalist but he points out what I think a lot of capitalism defenders don't know, and that is that Adam Smith hated "rentiers", saying they got unearned income by essentially hoarding land. That's a problem we have now.
His theory uses a term he calls the "rentier black hole" [3] and the premise is essentially that the returns on property are too good such that it sucks away any investment on productive ventures. Instead of building a factory in Manchester, you park your money in Knightsbridge property. And that's where all the money is going. It increases the returns and sucks away all money.
[1]: https://henryfudgeofficial.substack.com/p/the-housing-theory...
[2]: https://www.tiktok.com/@henryfudgeofficial/video/76490164617...
[3]: https://www.tiktok.com/@henryfudgeofficial/video/76404878354...
I'm not at all convinced that reasonable housing prices are a magic bullet for the economy. Housing in Japan is treated as a depreciating asset rather than an investment and is dirt cheap (outside of the most desirable parts of Tokyo, of course, but even then it's a pittance compared like-for-like with, say, desirable parts of NYC), and Japan's economic stagnation for decades is nonetheless well-known; it could be the dictionary illustration for "economic malaise". Of course, reasonable housing policy should still be pursued... just with basic human living standards being the justification rather than "it'll make our economy numbers go up" justification.
Japan makes me feel very confused about what economic statistics actually mean. People have great housing, beautiful and safe neighborhoods, ample access to the world's best transit, tons of entertainment and cultural products to access, excellent education and one of the longest life expectancies. Sure, they maybe have some minor problems. But I suspect that if an alien came down to Earth, toured all the countries and then was asked to rank which ones it thought were the richest without looking up economic stats I'd expect it would rank Japan near the top.
High housing prices will kill a good economy but having moderate rents will not somehow jumpstart a bad economy. JP's slump isn't evidence against housing theory of everything.
Japan's "malaise" is fiscal, an outcome of one way to analyze the public balance sheet. Japan's standards of living remain exceptionally high.
I do agree. I'm actually of the opinion that the economy is in generally good shape and that "number go up" should not be the end goal. It is abundantly clear that real living standards on the ground are completely divorced from the obsession with infinite growth.
Japan's economic malaise is a big topic that's mostly driven now by a rapidly aging population. Why is it aging? Low fertility rates [1]. So why are fertility rates so low? It kind of started with the housing bubble in the 1980s that created a youth unemployment crisis (ie hikikomori), which has now come to the West where we now have a youth unemployment crisis (and thus NEETs). I found this [2]:
> Japan made the same discovery thirty years earlier. The hikikomori phenomenon (young men, predominantly, who withdraw from social life entirely, sometimes for decades) emerged in the 1990s, after Japan’s asset bubble burst and the lifetime employment compact dissolved. The cultural commentary at the time, both Japanese and Western, framed it as a peculiarly Japanese pathology, something about shame and conformity and the pressure-cooker school system. This was wrong. It was a structural response to the closure of the productive ladder, and it has now appeared in every developed economy that has reproduced the same structural conditions.
It's worth noting that the US fertility rate is alos below replacement levels (~1.54) but the only thing that props up our population is immigration. Japan eschews immigration as a de facto ethnostate. South Korea is further along in that crisis. China will need to find a solution too.
But there are cultural reasons here too. Japanese work culture, pay relative to work, etc.
[1]: https://www.macrotrends.net/global-metrics/countries/jpn/jap...
[2]: https://henryfudgeofficial.substack.com/p/degeneracy-is-a-sy...
While the official youth unemployment rate in Niger is something like 0.5%, that includes things that wouldn't count by western standards (e.g. sustenance farming). The youth unemployment rate there, by how we measure it, is more like 50%. To call the situation in Japan or the USA a crisis compared to that is laughable. Yet they have a fertility rate of ~6 births per woman. You've come up with a fun theory, but it clearly doesn't work.
Fertility is on the decline, particularly in the west, although increasingly spreading, quite simply because it is socially unacceptable to have children. Society says you need to focus on your career instead. It creates TV shows, like "16 and Pregnant", designed to dissuade viewers from having children. So on and so forth. Social pressure is a powerful drug.
In fact, the pocket communities where certain religions that push a 'make babies' agenda are commonly observed, where the social pressure goes in the other direction, we find many families pumping out kids like there is no tomorrow. Social pressure works both ways, but the "having kids is cool" is not the prevailing social wind.
Hikikomori are ~0.5% of the population according to a 2015 government survey's estimate. Blaming fertility rates, a youth unemployment crisis, and economic stagnation on NEETs is literally insane. [2] is a completely LLM-generated blog post. Your pet theories about how economies work should probably be grounded in more than 5 minutes of taking whatever bullshit you read on the internet as truth.
The unemployment rate doesn't capture the scope of the issue. That's true in the US and Europe too. It doesn't capture people who are undermployed, locked into lower-paid positions, have to juggle multiple casual/part-time jobs and end up doing "gig" work, which is often sub-minimum wage once you factor in depreciation.
As for Japan, in particular, we have the Lost Decades [1], where the 1980s asset bubble collapsed and the economy stagnated for 20 years. Part of this was cultural too. For all of the faults of the US banking system at the time (eg the S&L crisis), the FDIC's approach is to take over failing banks whereas Japan let essentially bankrupt banks exist and gum up the economy. They are known as zombie banks [2]. You had zombie companies too and the entire thing largely came down to avoiding a loss of face by declaring bankruptcy, restructing or doing mass layoffs.
For over a decade, you had the "employment ice age" [3], which essentially destroyed GenX at the time they'd otherwise be starting families. This continued into the 2010s with the millenial generation.
Young people aren't stupid. They can look at their environment and increasingly realize they'll have no work-life balance, be lucky to find a good job, get paid enough to live on that job, won't own a house and can't afford to have a family. I call this a crisis in hopelessness. I also think this underpins how consumer spending has remained relatively strong. People are living for experiences rather than saving for a future because they have no future.
[1]: https://en.wikipedia.org/wiki/Employment_Ice_Age
[2]: https://en.wikipedia.org/wiki/Zombie_bank
[3]: https://en.wikipedia.org/wiki/Employment_Ice_Age
> Treating houses as investments actually kills the economy.
Failure is always a possibility, but historically it hasn't killed the economy, it has rebalanced the economy; seeing businesses and people reduce their concentration in a specific area as they fan out into lower cost areas. Which is a rather useful function. This is why we're not all living in one giant heap somewhere in Africa.
Where do you think the term "rent-seeking" comes from? To quote Adam Smith [1]:
> “As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed and demand a rent even for its natural produce.”
In the mid 1990s, the average house price in London was under 80k. It's now pushing 700k. Are salaries 9x? No. What is this other than stealing from the next generation? Raising house prices are nother more than a massive wealth transfer from the young and working to the old and wealthy.
but here's the bigger problem. If you have essentially a guaranteed 9% return on a highly-leveraged asset with tax advantages and government guarantees, why would you invest in a factory or a business? That's the real reason manufacturing has hollowed out in the UK.
I agree with Xi: houses are for living, not speculation [2]. We should absolutely punish rampant speculation by heavily taxing land hoarding.
[1]: https://www.prosper.org.au/geoists-in-history/adam-smith-on-...
[2]: https://en.wikipedia.org/wiki/Houses_are_for_living,_not_for...
> why would you invest in a factory or a business?
Because you cannot afford to join the ranks of the investment class, so what else are you going to do with your time?
You are quite right that you are not going to build your business in London, though. You are going to take your business to places where starting a new business makes sense.
For the American audience, Detroit lived what you describe. What started as a vibrant manufacturing centre turned to property investment and soon it could no longer sustain itself. The people not benefiting from those investments there didn't throw in the towel, though. They packed their bags for what we now know as Silicon Valley and started new businesses developing the transistor. The economy wasn't killed, it moved.
> We should absolutely punish rampant speculation by heavily taxing land hoarding.
The law is to the will of the people, so this can happen on a whim, but you have to convince the people that piling everyone into a giant heap is desirable. Most people don't want to live in one giant heap. A Kowloon Walled City-esq world is a thing of nightmares for the population at large. Most people want people to move around, to make use of the entire world, not all settle in one place. These economic factors are the engine that pushes people to spread out.
Excellent post!
It's structural. A big problem is the Banks. They would rather lend for asset accumulation (rent seeking) than for production. In Canada, mortgage lending is literally zero risk as the banks are covered via CHMC against any defaults. Ultimately its the tax payer who is on the hook. Hence the massive housing-based economy.
And none of the politicians ever fix the structure because many of them are property owners.
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Move on and stop blaming us for your country’s problems (and we all know which country that is).
Nobody who did any of the colonising is still alive
The people we should be genuinely scared of today are the ones that are looking at Britain's past and are thinking to themselves that colonization sure looks like a good idea that will work super well in modern times. Which not many actual Brits think.
I mean ... Sure but England has got to stop blaming other countries for their problems too. I mean look at the shitshow that was brexit in which the UK claimed the 20 or so other countries of the EU were at fault for their own issues.
Beams and eyes or something
I completely agree.
Of course with Brexit bare in mind that the majority of the populace did not vote for it. Many of us are very pro-EU and believe in European social democracy.
> and we all know which country that is
lol karma catching up to racists. times have changed but its the same fucking ppl.
You dont get to wipe slate clean and tell ppl when to "move on" whenever you please. You are not the king.
Also i am not from India, you racist piece of shit. I am an american ( not Mississippi) .
The people living in uk now are not the same people who were involved in past invasions.
If you judge people by their ancestor's actions, there is literally no place, no human being that could be called moral or good. Neither you (or me), you just need to look far enough in time.
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piss off back to /r/reform mate.
So to summarise: diversity, forced on the UK by some weird world order, is the reason for Britain’s economic decline. World-class analysis. Got it. Thanks.
The massive wave of migration in the last few years has decreased GDP per person.
The irony is that braindead conservatives elsewhere try to convince me that The Great Replacement is orchestrated by the British.
I thought it was the 5G windmill lizard people this week. Do we not have the same edition of «The Nice And Accurate Tin Foil Hat Almanac»?
Yeah it's all about white power and Polish success has nothing to do with massive EU investment /s.
That massive EU investment in Poland, per capita, is way less than many other countries. But per capita is a problem around here, I know.
Just for clarity, here are the top 5 countries receiving the most from EU funds:
- Latvia
- Lithuania
- Estonia
- Croatia
- Hungary
Poland doesn't even make the top 5.
racist filth
1. Both the US and the UK are large countries with significant federalism and devolved powers. I think subnational HDI is a better metric [0] instead of GDP per Capita.
Once you remove the outliers that are London and the Southeast (there isn't a similar subnational comparison that can be made within the US), developmental indicators between much of the US and the UK are the same.
2. After seeing the riots in Belfast last night where rioters specifically targeted and burned the homes of Black residents [1], I'd be inclined to agree that the United Kingdom does have some hallmarks of Mississippi, and in some sense is worse. We haven't had targeted race riots in the US for decades. The UK has had 3 in the last year.
[0] - https://globaldatalab.org/shdi/table/shdi/USA+GBR/?levels=1+...
[1] - https://www.bbc.com/news/live/cr47x99k5n6t?post=asset%3Ab5f8...
Well the thing is the US more or less has a larger diaspora population that became integrated and successful and actually had good social mobility regardless of background. The UK has a lot of areas where mobility has been rather difficult.
You look at every diaspora group and they have some level of success in reaching some good levels in business, politics, and culture. Even for groups that only arrived around 50 years ago they managed to become so ingrained into their communities that they pretty much can get respect.
That does not justify a pogrom and collective punishment.
And if you have true conviction in your beliefs you should use your primary HN account instead of a throwaway.
Including that middle-aged white supremacist American citizens with money or power like Musk and Vance are actively using their media mouthpieces to stir the pot.
I mean, if the US argument is, as a friend, things are not working out well and they hope for better, that's one thing.
But actually prominent Americans are agitating for violence and backing extreme right-wing parties like Restore. It's appalling and it goes beyond unfriendliness to hostility.
(And do you really need targeted race riots when you can just sign up as police and kill Black people with impunity?)
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Maybe stoades shouldn't burn innocent people's houses.