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Bigpop it depends on profits , a company can export more and more and make less and less profit
That’s the problem |
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That is what is happening in Germany. It’s unsustainable
And is why the average German citizen is getting poorer And has been for at least 20 years |
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I did say I was complicated , subtle
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that's a problem.
the problem is the collapse of UK exports to the EU due to the massive burden of increased bureaucracy which Brexit imposes on UK business. It doesn't mean we cannot enjoy the increased sovereignty of Brexit. Just means we have to do so while being poorer (on a per capita basis, using that stat in its traditional sense, not some esoteric meaning you're busily dreaming up.) |
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Ah if we as part of the EU are losing money trading with the EU
How does that help our per capita gdp ? |
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the average German citizen
using numbers, and the accepted use of the word average (median or mode), then the average German is richer today than 20 years ago. Despite the pandemic shock to the economy. Sorry, but this is a statement of fact. I accept you can make a case based on other criteria. (Happiness indices are increasingly popular for example, and I'm sympathetic to their use). If there's a future collapse in Germany, due to your opinion of their model being unsustainable, then at that point there may be a return to pre 2000 levels. However, today, right now, at this moment in time, Hans in der Strasse is richer than he was in 2000. |
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Or did someone dream that up ?
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We are going to be wealthier because we can now make our own trade deals and not be tied to the rules of the EU, and all their trading arrangements.
But even though the Australia - UK trade deal was very one-sided in Australia's favour (we are now importing more beef annually from them than the entire EU imports from rest of the world ). Its importance is that it helps us to join CPTTP...... a trading bloc with rules....... yep!I'm pretty sure we'll be accepted especially since we are friendly negotiators - I mean just recently we gave away part of our country, our fish, and last week our farming industry. |
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Ah , as a fact about 40 % of German citizens have almost no personal wealth , not even money in a bank account and no property
These are the average German citizen |
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It’s complicated. , trade doesn’t mean you are making money
You can be losing money - as a country |
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Now wallflower is worried about us losing money trading with Australia
But he didn’t seem to care about us losing money trading with the EU goes to show :( |
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Too esoteric for you bigpop ?
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.... Thx, lfc - that reminds me. Our brilliant negotiators signed a free trade agreement on goods with EU (where they have a trading surplus) and none with services (where we had a trading surplus).
Genius .As a result of the Australia - UK trade deal we will diverge from EU standards making exports to them even harder. |
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We’ve covered that before wallflower
![]() Let’s not go into that I’m trying to explain gdp per capita to bigpop |
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well for one thing you're (conveniently for your point) ignoring 'average' as a concept (even though you introduced it to this discussion of German wealth).
you're also now sidestepping from your own initial point; which was to compare German wealth 20 years ago to Germany today, and are now making the tangential point that some Germans today (40% is your figure) have no personal wealth. you don't give a figure for this 20 years ago. I don't know what to say? Anyone reading can see you shift your argument as you get pinned down to justify yourself by using details. I'm embarrassed for you. |
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And how being part of the EU can be good for one country
And bad for another , he hasn’t quite grasped that fact |
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From what I can see its bigpop who - to his credit - is patiently doing the explaining.
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bigpop , 40% have no personal savings or property , then the rest will have some savings and maybe property and maybe 5% ? very wealthy , whatever . The average German is worse off than 20 years ago
They’re less well off than the average British person |
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He hasn’t explained how losing money trading with the EU helps gdp
And he doesn’t understand for one country within the EU it may be a bad thing And for another good |
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Let’s see ...
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40% have no personal savings or property
I wouldn't want to live there despite what there capta per head might be. |
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edy says he comes from Germany - no wonder he's so miserable.
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And he hasn’t understood how gdp per capita depends on how it is calculated
Not good so far .... |
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Wallflower 18 Jun 21 15:38
From what I can see its bigpop who - to his credit - is patiently doing the explaining. ![]() I always previously considered posting here an essentially futile exercise, and getting drawn into the lfc insanity vortex is where weekday afternoons go to die. However, a little love goes a long way. Made my day there. ![]() |
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I wouldn't want to live in Ireland either.
It's too wet for a start. |
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You didn’t understand either wallflower ?
Maybe you did , but you haven’t answered I notice |
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Wallflower is a left-winger so I wouldn't put store by what he writes.
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ah well no answer from bigpop or wallflower
Doesn’t matter the questions more important ![]() |
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"He hasn’t explained how losing money trading with the EU helps gdp "
scenario 1: Uk exports £10m to EU, imports £9m scenario 2: UK exports £100m to EU, imports £101m which scenario is better for UK GDP? |
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also bear in mind impact on cost of living / inflation
Brexiters keep talking about how great it will be to have cheaper meat is there nothing continental Europe produces cheaper than the UK? |
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Exactly so , we’re losing money :(
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Ah , bigpop was using gdp as a measure of wealth , I wasn’t
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Also borrow money and spend it in the economy - higher GDP.
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lfc are you judging the desirability of the Aus trade deal by its net impact on imports?
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actually I was using the change over time in per capita wealth as a measure of relative success of neighbouring economies (UK and Ireland) while allowing for the difference in population size. And pondering if an export led recovery for the UK might be a good idea, I even asked the forum what it thought, if more or less exports by the UK may be a good thing. Fewer imports wasn't mentioned by me (which didn't mean I was ignorant of the idea that there's multiple ways to address trade deficits) because my thinking was really about the UK people working in, or family members of people working in, those industries being destroyed by government policy.
Appreciate you don't want to think about these people. Many of them are fellow Brexiteers; they likely are having second thoughts about the whole idea, now the 'easiest trade deal in history' isn't as marketed. |
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UK will export more than it will import from Aus: good
UK will export less than it will import from Aus: bad |
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No you were comparing change over time in per capita wealth in the U.K. from joining the EU until now
And that change I explained was a reason to leave the EU Hence Brexit |
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We are less wealthy so that’s a reason why the EU had been good for us
![]() upside down logic |
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you're not less wealthy
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you just haven't grown as fast as Ireland has
you have still grown |