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Which Country Will The Uk Resemble In 5-10yrs Time

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What do you reckon. Given that things don't look that rosy in the medium term how will this pan out.

Are we going USSR Eastern Block or is there some redeeming facet of the UK economy that will elevate us beyond our apparent net worth?

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What do you reckon. Given that things don't look that rosy in the medium term how will this pan out.

Are we going USSR Eastern Block or is there some redeeming facet of the UK economy that will elevate us beyond our apparent net worth?

Difficult to call without hype. We are still the 5 (or is it 6th or 7th now, it was 4th when Labour came to power) biggest economy in the World, despite all the doom and gloom. That, and all that it means and contributes to it, counts for something, and would take some time to erode. I'm not sure how much it counts for, though, what with everyone circling the drain.

My bet is we will probably have sunk to around 9th or 10th largest World economy and will look a little like a country like Argentina or Russia does today: Lots going on, but huge wealth gaps, and life for those in the middle pretty tough, and for those at the bottom, very tough.

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What do you reckon. Given that things don't look that rosy in the medium term how will this pan out.

Are we going USSR Eastern Block or is there some redeeming facet of the UK economy that will elevate us beyond our apparent net worth?

zimbabwe :)

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Can't think of an acronym for PIGS with a U in it - spoils it really

BIGPS ..... Britain, Ireland, Greece, Portugal, Spain ??

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Spain!

Plus have their high speed AVE lines, and top class metro systems in major cities. Oh, and have stable banks like Santander.

They can keep their tea though!

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Debt bubble, banking collapse, massive government debt relatively wealthy, densely populated island...

So present day, post 1980s bubble Japan is probably a pretty good model.

People often talk about 'dropping to Russian standards,' or 'third world economy' but I can't think of a single instance where a country has dramatically dropped down the economic pecking order because their infrastructure, cluture and people remain after the crisis.

For instance, Japan and Germany recovered from near total collapse after WW2 and returned to 1st world status within 20 years.

Argentina suffered total economic collapse quite recently, but it now resembles a developing nation pretty much on track with its neighbours.

Iceland is probably the wealthiest country to collapse in recent years, but I'll bet it'll be comfortable and prosperous again in ten years, because even if the entire economy disintegrates, the fundamentals of good infrastructure, educated population, cultral stability will pull it through.

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What do you reckon. Given that things don't look that rosy in the medium term how will this pan out.

Are we going USSR Eastern Block or is there some redeeming facet of the UK economy that will elevate us beyond our apparent net worth?

In answer to the headline: Both would be nice. Switzerland for the skiing and Albania for the beaches in summer (hopefully soon for the skiing in winter also)

Albania was never part of the USSR Eastern Block

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Guest vicmac64

Communist China without a doubt. A totalitarian state ruled by little Hitlers - free speech a thing of the past and democracy DEAD IN THE WATER.

That is what happens when a nation takes its eye off the ball and forgets the meaning of LIBERTY.

Edited by vicmac64

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If we can avoid the Euro trap, and align ourselves with the money (and gold) which will flee the US as it collapses into socialism, then we can emerge as a New Empire. In 10 years people will be clamouring to join Sterling and pledge allegiance to King Charles.

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Debt bubble, banking collapse, massive government debt relatively wealthy, densely populated island...

So present day, post 1980s bubble Japan is probably a pretty good model.

People often talk about 'dropping to Russian standards,' or 'third world economy' but I can't think of a single instance where a country has dramatically dropped down the economic pecking order because their infrastructure, cluture and people remain after the crisis.

For instance, Japan and Germany recovered from near total collapse after WW2 and returned to 1st world status within 20 years.

Argentina suffered total economic collapse quite recently, but it now resembles a developing nation pretty much on track with its neighbours.

Iceland is probably the wealthiest country to collapse in recent years, but I'll bet it'll be comfortable and prosperous again in ten years, because even if the entire economy disintegrates, the fundamentals of good infrastructure, educated population, cultral stability will pull it through.

Nice, well argued post, but I would counter argue that we currently are dropping down the economic pecking order, as you put it. In the last six months I beleive we have dropped below France AND Italy, two countries which you would expect to be suffering to the same extent as us, but which are not (and Italy has Berlusconi in charge - just goes to show how hopeless Broon and co are in comparison).

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Perhaps the reference was too cryptic, let's see what Wikipedia has to say...

http://en.wikipedia.org/wiki/Romania

But as Romania's foreign debt sharply increased between 1977 and 1981 (from 3 to 10 billion US dollars),[75] the influence of international financial organisations such as the IMF or the World Bank grew, conflicting with Nicolae CeauÅŸescu's autarchic policies. He eventually initiated a project of total reimbursement of the foreign debt by imposing policies that impoverished Romanians and exhausted the Romanian economy, while also greatly extending the authority police state, and imposing a cult of personality. These led to a dramatic decrease in CeauÅŸescu-popularity and culminated in his overthrow and execution in the bloody Romanian Revolution of 1989.

In 2006, the Presidential Commission for the Study of the Communist Dictatorship in Romania estimated the number of direct victims of the communist repression to be of two million people.[76][77] This number does not include people who died in liberty as a result of their treatment in communist prisons, nor does it include people who died because of the dire economic circumstances in which the country was in.

After the revolution, the National Salvation Front, led by Ion Iliescu, took partial multi-party democratic and free market measures.[78][79] Several major political parties of the pre-war era, such as the Christian-Democratic National Peasants' Party, the National Liberal Party and the Romanian Social Democrat Party were resurrected. After several major political rallies, in April 1990, a sit-in protest contesting the results of the recently held parliamentary elections began in University Square, Bucharest accusing the Front of being made up of former Communists and members of the Securitate. The protesters did not recognize the results of the election, deeming them undemocratic, and asked for the exclusion from the political life of the former high-ranking Communist Party members. The protest rapidly grew to become an ongoing mass demonstration (known as the Golaniad). The peaceful demonstrations degenerated into violence, and the violent intervention of coal miners from the Jiu Valley led to what is remembered as the June 1990 Mineriad.[80]

The subsequent disintegration of the Front produced several political parties including the Romanian Democrat Social Party (later Social Democratic Party), the Democratic Party and the (Alliance for Romania). The first governed Romania from 1990 until 1996 through several coalitions and governments and with Ion Iliescu as head of state. Since then there have been three democratic changes of government: in 1996, the democratic-liberal opposition and its leader Emil Constantinescu acceded to power; in 2000 the Social Democrats returned to power, with Iliescu once again president; and in 2004 Traian Băsescu was elected president, with an electoral coalition called Justice and Truth Alliance. The government was formed by a larger coalition which also includes the Conservative Party and the ethnic Hungarian party.

Post-Cold War Romania developed closer ties with Western Europe, eventually joining NATO in 2004, and hosting in Bucharest the 2008 summit.[81] The country applied in June 1993 for membership in the European Union and became an Associated State of the EU in 1995, an Acceding Country in 2004, and a member on January 1, 2007.[82] See also the main article Accession of Romania to the European Union.

Following the free travel agreement and politic of the post-Cold War period, as well as hardship of the life in the post 1990s economic depression, Romania has an increasingly large diaspora, estimated at over 2 million people. The main emigration targets are Spain, Italy, Germany, Austria, UK, Canada and the USA.[83]

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If we can avoid the Euro trap, and align ourselves with the money (and gold) which will flee the US as it collapses into socialism, then we can emerge as a New Empire. In 10 years people will be clamouring to join Sterling and pledge allegiance to King Charles.

RK, just when will you understand that the UK Full Euro is a done deal ? :blink:

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RK, just when will you understand that the UK Full Euro is a done deal ? :blink:

If it happens - Which when it comes to it I think it won't.

You're about to see the socialists get obliterated.

When Europe falls over in a heap then we'll see whether 300 million people want to align with Russia and China or someone else. My guess is they won't choose Russia/China voluntarily. That leaves someone else.

The times they are a changin' GOM - We're going full circle - I think you're underestimating the Queen and the Dark Forces........Britain isn't just this Sceptred Isle remember - The Commonwealth didn't die, it's just sleeping. NuFascist are a blip - They'll soon be dead.

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