Comment by billy99k
9 days ago
"Oh hang the economy. I don't care about money, I care about people."
You should care about the economy. More money means jobs and prosperity. Less people dying in the streets and more tax revenue to help the helpless.
"in my country and the UK."
The UK has universal healthcare and it's been touted for years as the best answer to healthcare. What happened?
"libertarian fantasy of you being and island and accountable to nothing and no one but your own piddly, small notion of what moves you forwards."
I see. You are still bitter about Brexit.
I'll repeat what the other comment said, since it seems like you were sick for most of your macroeconomics class; you are currently living through the consequences of fictionalization. We did try what you're suggesting, both in America and the UK, and the post-industrial financier economics has the exact same consequences every time.
America is a precise model for what the UK will look like if it shirks liberalization. Here in the US, we've lost almost all of our postwar industrial capacity. We can't ship cost-competitive smartphones or electric vehicles without importing parts from China. We can't mass-produce the things we consume or even export enough to keep out of a trade deficit. Our biggest exports are software services reviled the world over for being surveillance systems installed and moderated by America's government. Our businesses are no longer seen as stable blue-chip stocks, but moonshots and gambling opportunities.
If you actually knew the consequences of a financier economy then you wouldn't wish it on your worst enemy.