I feel like the pound is strong against other currencies because of the city of London and arms sales (and what’s behind those). But it’s spending power inside the UK is shit. People just don’t make much money compared to how much things cost. I moved to the USA when the pound was worth two dollars, but I earned far more dollars and those dollars bought more.
Britain is a tiny overpopulated island with legacy law and property problems that effectively has serfdom. It got powerful because it had the right ingredients for the Industrial Revolution but all the reasons that made the revolution happen are all reasons that weigh on it now.
Britain is a tiny overpopulated island with legacy law and property problems that effectively has serfdom. It got powerful because it had the right ingredients for the Industrial Revolution but all the reasons that made the revolution happen are all reasons that weigh on it now.
It is already a failed state.