• ObscureOtter@piefed.ca
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    21 hours ago

    For a decade, Brexit’s defenders have insisted the warnings were exaggerated and the pain temporary. The latest evidence shows the opposite. Brexit hasn’t been a one-off hit followed by recovery – it has quietly, relentlessly drained the UK economy year after year.

    The headline numbers are brutal. UK GDP is now 6–8 per cent smaller than it would have been by 2025 – worse than forecast, not better. That is a permanent loss of national income, not a blip.

    Investment has collapsed. UK business investment is 18 per cent lower than in comparable economies, as firms put money on hold or moved it elsewhere. Employment and productivity are both around 4 per cent lower, locking in weaker wage growth and lower living standards.

      • Th4tGuyII@fedia.io
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        20 hours ago

        Yup. Cause if policy born of nationalism and bigotry couldn’t solve our problems the first time around, surely we just weren’t using enough of it. /s

        It’s easier to blame immigrants and people on benefits for the problems in the economy, than realise the real problem is the leaches at the top sucking away every spare penny the working class makes.

        The landlords, the executives, the millionaires, the billionaires - where do people think their money comes from?

        Everything costs more, but not because it actually costs more to make - but because the profits must always go up to fuel the hoards of the wealthy.

        • CAVOK@lemmy.world
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          16 hours ago

          Why are landlords so hated? Renting isn’t always a bad option.

          • Th4tGuyII@fedia.io
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            5 hours ago

            Renting itself isn’t a bad concept, but as @craipz@feddit.org it represents a tax on the poor.

            Homes are becoming increasingly expensive and harder to buy in the first place, and it is no help when landlords are buying them to rent, or buying the land to build apartments on.

            Its worth noting in some cities even renting is getting more difficult, as landlords pivot towards student accommodations - which they can charge a pretty penny per room for.

            The modern landlord represents the rich very directly using their money to screw over the poor.

          • craipz@feddit.org
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            15 hours ago

            Because they symbolize the privatization of a basic human right. Because rent is a “poor peoples tax” - and most people are poor, all things considered. You get the gist. Also: For most people, renting isn’t an option - it’s the only option.

            • CAVOK@lemmy.world
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              15 hours ago

              Yeah, if its the only option then it’s bad, but the convenience isn’t too be underestimated. I rented when I was in Uni, didn’t even consider buying at that point. Didn’t want to commit that much money to a city i didn’t know if I wanted to live in.

              • 9bananas@feddit.org
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                4 hours ago

                it’s not renting that’s being criticized here; it’s specifically landlords.

                renting is perfectly fine.

                what is not fine, is that a public necessity is tied to a private individual or company that can charge whatever they want.

                that last part is the problem.

                vienna often gets cited as a notable example for large scale, affordable public housing projects, and while that is fair, the reason those are affordable, is because they are owned by the public, i.e. the city of vienna.

                THAT’S how rent is supposed to work: for the people, by the people.

                it’s how a society gets affordable housing, not this price gouging nonsense that neoliberal politics has popularized…

                • craipz@feddit.org
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                  37 minutes ago

                  Couldn’t agree more. Paying some amount of money for upkeep and so forth makes sense, be it for your own home or for one you don’t own. Paying rent just to make someone else rich(er) should not be a thing in the first place in my opinion, because then the basic function changes from providing shelter to generating as much profit as possible. In every major city this problem is quite apparent: Exploding rents, vacant apartment complexes that only exist as speculation objects, owners not spending anything on maintenance because short term profits are more important than long term sustainability. Man, I could go on, but my mood tanked enough as it is haha