Utopia Talk / Politics / much lower than alabama now

sam adams Member	Wed Aug 12 10:51:54 http://www...nomy/uk-economy-gdp/index.html Compared with the end of 2019, UK economic output fell by a cumulative 22.1% in the first six months of 2020, a worse outcome than Germany, France and Italy, and double the 10.6% fall recorded in the United States, the Office for National Statistics said.
sam adams Member	Wed Aug 12 10:55:35 Closing in on peurto rico seb! Lulz
Dakyron Member	Wed Aug 12 10:58:26 Seb loves him some lockdown-related recession. He is probably celebrating as we speak.
Dakyron Member	Wed Aug 12 10:59:02 "If no one has any money to go out, then they will have to stay home forever!!! *evil laugh* " - Seb
Dukhat Member	Wed Aug 12 11:02:44 Brexit + a botched attempt at "herd" immunity that wasted almost a month's time. And the sad thing is, Britain was praised for at least involving scientists because Trump's response was so bad. Sweden and UK both let a lot of people die for no economic benefit at all ... just like the US
sam adams Member	Wed Aug 12 11:12:49 Except the US quite clearly did have an economic benefit, as our economy contracted the least. Meanwhile the UK killed a higher fraction of its people AND tanked their economy the worst. Lose lose. Lol seb
Pillz Member	Wed Aug 12 11:19:05 Poor healthcare service & aggressive lockdown (even if it was late) Gg seb
Habebe Member	Wed Aug 12 11:25:42 http://www...stronger-than-the-eurozone/amp
Rugian Member	Wed Aug 12 11:28:20 BoJo is lucky that the British people are so meek and subservient to their government overlords. In a more free country, you'd have mass protests and riots now over this.
Dukhat Member	Wed Aug 12 11:28:54 Our economy had a huge-ass stimulus because we can print money and America is vast so Covid only hit some areas at first. Now other areas are getting hard hit and we’re going to have a moribund recovery because employment benefits are going to expire and no more UBI and Covid is running amuck whereas it’s under control in most of Europe now. The UK did the same policies as the US only they can’t print money and Brexit was already fucking their economy.
Habebe Member	Wed Aug 12 11:37:34 We printed a shit ton of money to try and balance inflation, like an absurd amount, trillions.
Seb Member	Wed Aug 12 11:49:02 Dakyron: Yeah, that no money thing is the bit where you forgot that we actually have a national furlough scheme that greatly limits the "no money" problem. Dukhat: Yup. Totally shat the bed. Sam: Yeah, but the govt is following your policy prescription of delaying lockdown and lifting early, so I'm not sure why you think lol Seb rather than this being a stern emperical rebuke to your shitty policy recommendation. Dukhat: Actually, we can print money. Gilt yields remain stupidly low given the clusterfuck we are heading for with brexit. And indeed we did: huge stimulus. But we are a hugely services intensive economy so lockdown will have a massive impact (and brexit is starting to bite now, so some of that decline is likely brexit related as order books dry up now it's clear there will be customs and regulatory border). That said, because of how our furlough scheme is constructed, the service economy should bounce back quicker as demand returns now lockdown has lifted. We will see of course.
sam adams Member	Wed Aug 12 12:28:00 Why is it that the US locked down less, and has both less economic damage and less covid damage than the UK? Maybe uk people are just retards?
sam adams Member	Wed Aug 12 12:36:16 The united cuckdom had a mean gdp/person of about 42k usd... Now thats down to about 34k... Puerto rico was 32k before the outbreak... should be around 29k now. Rofl. You can do it seb. We all have faith in your incompetence.
Seb Member	Wed Aug 12 13:11:44 Sam: "Why is it that the US locked down less, and has both less economic damage and less covid damage than the UK?" Because: 1. UK is engaging in a massive act of economic self harm over the last three years that is now beginning to have it's economic consequences. Coincident with Covid has been the confirmation that the UK will go for no-deal at the end of brexit implementation, and full customs controls. 2. Delaying lockdown will have a positive impact in the short term: services will stay active longer. The US has that benefit. It's lower dammage their is unsurprising. I don't understand why you think otherwise, other than that you are very very stupid - which is another way to say I understand entirely why you do. 3. Because the UK has a smaller geographical reach and a greater proportion in fewer urban clusters, all the major urban clusters got infected in the UK very quickly after the first outbreak cluster. The US has many more urban clusters, and only a subset were initially infected. However, despite lockdown and after it being lifted, the disease is now spreading, as I said it would, which is why daily new case and death numbers are much larger than the UK or indeed anywhere in the rest of the developed world. Even with the utter retardation that is US policy, it is difficult to imagine you would catch up on a total casualties per capita basis, but you are having a really good go to try and do it. Because you are all Sams in the US govt. 4. The consequences of the US decision to do a half arsed job on furlough and reopen early won't have hit yet. They will manifest over a longer timescale. I would expect a fairly sharp rebound for the UK - were it not for brexit.
Seb Member	Wed Aug 12 13:13:45 Going by GDP per capita on one quarter when consumption has dropped temporarily by 40% seems daft.
Dakyron Member	Wed Aug 12 14:13:19 "4. The consequences of the US decision to do a half arsed job on furlough and reopen early won't have hit yet. They will manifest over a longer timescale. " Not according to the article in the OP. It correctly points out the US is doing better economically in the short AND long term.
Nimatzo iChihuaha	Wed Aug 12 14:42:58 Some people are really quick to celebrate. Several people said this 3-4 months ago, the dust will not have settled until mid 2021, where we can draw some reasonable conclusion about who did what the best way. In case you have not noticed, this isn’t over yet. Otherwise you would have heard me admit I was wrong and that the Swedish strategy of a half assed locked down was the right thing to do. Also, clearly brexit has something to do with the record plung in the UK economy, a robust economy by any standard. Normally shooting yourself in the foot is bad, but if you do it right before covid, it is terrible.
sam adams Member	Wed Aug 12 16:01:20 "Because: The UK is retarded." Fixed that tldr shit for everyone.
Dukhat Member	Thu Aug 13 02:38:40 Over 5000 people have died in Sweden and it is top 3 for per capita deaths in the Western World. And it's economy still contracted at about the same rate as nearby nordic countries. At this point, it can be almost certainly be said that the Swedish strategy is a fucking failure. Even if there are further outbreaks in the other nordic countries that require them to lockdown when Sweden doesn't have to (unlikely since even Sweden's head epidemiologist says they have probably not achieved herd immunity or anything close to it); how much economic damage would those countries have to endure for Sweden to somehow claim it was right? "Haha Denmark, your economy contracted by 6% to our 4%. That was totally worth letting 5000 extra people die." It's a farcial argument. Sweden's policy is an absolute failure.
Seb Member	Thu Aug 13 08:53:54 Dakyron: The long term is at least Q2 next year. Does the report have a time machine?
Rugian Member	Thu Aug 13 09:36:11 "Over 5000 people have died in" Omg, that's, like, almost 6000 people! Get a hold of yourself Karen. Something like 90,000 people die in Sweden every year, and Covid tends to take out people who were likely on their last legs anyway. In the grand scheme of things, 5,000 is little more a blip on the radar.
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