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Do you believe that we in Ireland are now richer than those in the UK?

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Comments

  • Registered Users, Registered Users 2 Posts: 912 ✭✭✭techman1


    GDP is mainly a measure of multinational activity in Ireland and not a true measure of Irish wealth. The CSO got their fingers wrapped a few years ago when they reported unbelievable numbers for Irish growth rates, that was termed "leprechaun economics "



  • Registered Users, Registered Users 2 Posts: 626 ✭✭✭felonious_Gru


    And folks in London wonder why the North sees them as out of touch, Thatcher probably improved the overall GDP of the UK considerably but it came at the expense of the regions , the UK had a world class manufacturing base not that long ago and rather than maintain the economic regions like the model Germany pursued,bet everything on London as a global financial titan

    China benefited more than anyone



  • Registered Users, Registered Users 2 Posts: 626 ✭✭✭felonious_Gru


    One area the UK without doubt beats us is planning laws for houses, ever travel through rural England, Scotland and Wales?, they don't have one off housing, only farm houses are in the middle of nowhere, a lot of Irish people aren't aware how much of an outlier our ribbon development is



  • Registered Users, Registered Users 2 Posts: 5,769 ✭✭✭yagan


    The jist of my argument is that we invested in attracting industry, whereas in the UK it seemed that they lost interest entirely and sold it off, their nascent semiconductor industry being strangled prematurely is an example of an industry that they could be a world leader in now, like Taiwan is; Britain's loss was directly Taiwan's gain in that instance.



  • Registered Users, Registered Users 2 Posts: 29,777 ✭✭✭✭breezy1985


    Ya I'm not defending the UK's investment policy at all.

    But it's no excuse for people who sat on their holes blaming everyone else and voting for Brexit.



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  • Registered Users, Registered Users 2 Posts: 5,769 ✭✭✭yagan


    For decades they were fed a stream of lies of why the EU was to blame for what were domestic policies.

    I wouldn't be too harsh towards voters who've been gaslight for decades.



  • Registered Users, Registered Users 2 Posts: 577 ✭✭✭Randycove


    china and India benefited a lot because environmental and health and safety legislation quite rightly meant costs went up.

    Much easier to get things made in countries where these things are not a factor.



  • Moderators, Category Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 41,775 CMod ✭✭✭✭ancapailldorcha


    All true of course.

    The UK's investment policy is too reliant on FDI. All British companies I can name are owned by foreigners now and the manufacturing sector was decimated by Thatcher. The only thing I can say to defend UK investment policy is that unemployment has traditionally been low and this tends to make governments wary of radical action.

    The foreigner residing among you must be treated as your native-born. Love them as yourself, for you were foreigners in Egypt. I am the LORD your God.

    Leviticus 19:34



  • Registered Users, Registered Users 2 Posts: 626 ✭✭✭felonious_Gru




  • Registered Users, Registered Users 2 Posts: 626 ✭✭✭felonious_Gru


    Same thing happens Americans with respect of Israel, constant brainwashing



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  • Registered Users, Registered Users 2 Posts: 577 ✭✭✭Randycove


    Germany produces a lot of luxury items so the additional costs can be absorbed. I have been out of the industry for a while now, but BMW used to make the vast majority of its 3 series in South Africa and Mexico, with Germany being reserved for the more exclusive ranges. VW and Mercedes are the same. They all have plants or joint ventures in China as well.

    don’t forget, Germany is currently the sick man of Europe and its economy is stagnating.



  • Registered Users, Registered Users 2 Posts: 626 ✭✭✭felonious_Gru


    I know that but retaining manufacturing is a wise policy, Germany has a much more regionally balanced economy

    Most VW sold in America are built in Mexico



  • Registered Users, Registered Users 2 Posts: 577 ✭✭✭Randycove


    it has been reliant on foreign investment and also reliant on high end jobs. Yes, Ireland has a lot of pharma but it is nearly all pure manufacturing with research being done in the US, UK or Germany.
    the UK has huge amounts of talent coming out of the universities who create some fantastic IP, but it then get bought up and the products made elsewhere and that has nothing to do with Thatcher or anything else, it is simple globalisation.



  • Moderators, Category Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 41,775 CMod ✭✭✭✭ancapailldorcha


    A lot of European countries are really struggling at the moment.

    Germany is the notable example. It's government has collapsed and there's no real consensus there. It's export-focused economic model has been struggling more and more with the rise of China. They still do a lot of high-end manufacturing like lenses and machine components but that's about it. They're also facing demographic collapse, the worst in Europe aside from Italy.

    France just seems to veer between being on fire and not being on fire while looking more and more favourably towards Le Pen and the far right.

    The Dutch look set to follow Britain's lead in all the wrong ways by electing a blonde bigot with ludicrous hair who wants to leave the EU, enact the disastrous deportation policy and deny climate change, the latter in a country where a third of the landmass is below sea level.

    Italy is en route to demographic collapse due to economic stagnation and some of the worst debt in the continent. In fairness to her, Giorgia Meloni is a more competent leader than expected and she's pro-Ukraine. Also, this photo exists:

    image.png

    The UK has serious problems, many of which are self-inflicted but the EU itself doesn't look so hot right now either. It struggles to formulate collective policy on key issues like climate action and Ukraine and some of its members like Hungary are openly pro-Russian imperialism.

    If anyone can name a country with great healthcare, welfare, affordable housing and a booming economy with plenty of jobs and adult retraining opportunities, I would be all ears.

    The foreigner residing among you must be treated as your native-born. Love them as yourself, for you were foreigners in Egypt. I am the LORD your God.

    Leviticus 19:34



  • Registered Users, Registered Users 2 Posts: 577 ✭✭✭Randycove


    of course, but for how long can they do that? There is a reason why their economy is in the sewer at the moment.



  • Registered Users, Registered Users 2 Posts: 5,769 ✭✭✭yagan


    It used to be like that, but then Irish offshoots created their own drugs like Narcan. This is a piece from 2017.

    Narcan, made by Irish firm Adapt Pharma, is becoming an increasingly familiar name in the US.

    Some 640,000 doses of its nasal spray, worth some $30 million*, were shipped there in the 11 months to the end of last year. Coroners’ offices, rehabilitation workers and street activists say it has saved many lives.

    https://www.irishtimes.com/news/social-affairs/narcan-the-irish-weapon-in-america-s-drugs-war-1.3179558

    We've created a biomed and pharma hub that's only getting bigger. For instance diabetes drugs for western markets have taken up the lull left in the wake of Covid vaccine boom.



  • Registered Users, Registered Users 2 Posts: 3,012 ✭✭✭tinytobe


    I'd say it's partially true. The city of London does have a lot of wealth, way more than Dublin ever could have. Same goes for certain rural areas in the UK, beautiful coasts as well as certain other cities and villages.

    And yes, there are some parts of the UK which are very poor as well as areas where the outlook is permanently poor. Declining economies and economic shifts, business depressions, etc….

    Ireland's budget and financial debt still seems to be rather large and go back to the financial ciris.

    Ireland also has problems, like chronically under-fundend police services and even more under-funded defence forces. Parts of society would also deny the idea that Ireland could ever be attacked which would make it even more attractive for an enemy to consider invading in a case of a conflict. A capable Irish air force with fighter jets is as unrealistic as ever…..

    The NHS in the UK seems bad, the HSE in Ireland even worse.

    Ireland's roads / bridges and infrastructure seems better.

    Property prices to buy seem better in Ireland than in the UK, but rents are unrealistically high. This makes it tough for younger people as they can't build up any savings.

    Dublin is still lacking key infrastructure, trains, a possible underground, more LUAS lines, etc… Possible high rise housing is controversial in Dublin, often get's the chop for whatever reason, whilst UK cities seem to be building high rise after high rise.



  • Registered Users, Registered Users 2 Posts: 577 ✭✭✭Randycove


    I’m not sure what your point is? The drug wasn’t developed here, just produces by an Irish company.
    yes, the bio pharma here is doing very well, but it is still nearly all manufacturing and not R&D.



  • Registered Users, Registered Users 2 Posts: 5,769 ✭✭✭yagan


    Until I lived in England I had had a very positive impression of the NHS, but then trying to access the NHS which is paid for via my council taxes changed my perception. It was easier to just get a next day appointment at my old GP whenever I was home. The same cervical cancer failures were happening via the NHS as in the HSE, the same US labs were failing both systems but there was hardly any media coverage in the British press about it.

    There seemed to be a UK societal embargo about mentioning any negative outcome stories about the NHS whereas discussing HSE weaknesses is a weekly staple of Irish media, and I'm ok with highlighting where improvements are needed rather than not talking about it, like in the UK.

    I think Dublin is a planning mess and an infrastructural nightmare. I feel extremely confident anyone who had to make decisions about public transport doesn't use it, and that no one involved in the planning of inner Dublin city living actually lives there.



  • Registered Users, Registered Users 2 Posts: 12,077 ✭✭✭✭tom1ie


    "our weather is terrible"

    Irelands climate is relatively stable compared to most other countries in the world.

    "our housing access is probably the worst in the world"

    • Irish housing completions per 1,000 of population the strongest among 19 European countries and more than double the Euroconstruct average
    • New Irish housing completions forecast at 36,000 for 2024 and 41,000 in 2025
    • Overall Irish construction output projected to grow by 3.9% in 2024 and 5.7% in 2025
    • Total construction activity in the 19 Euroconstruct countries expected to contract by 2.7% in 2024, before recovering by 1.3% in 2025

    Irish housing completions forecast to be strongest among 19 European countries: EY-Euroconstruct | EY - Ireland

    "our health system is broken"

    Irelands health system ranks 23rd out of 163 in the world:

    Health and health system ranking of countries worldwide in 2023 | Statista

    "our housing prices are high but that does not benefit anyone but investors"

    this is just false.

    ill leave this here for ya:

    Ireland is ranked in joint 7th place in the human development (tied with Germany) index rankings:

    List of countries by Human Development Index - Wikipedia

    Sorry pal but Ireland is one of the best places to live in the world right now and will only get better as more housing and infrastructure is built.



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  • Registered Users, Registered Users 2 Posts: 5,164 ✭✭✭BlueSkyDreams


    We also must be at the very top of the table in terms of household wealth.

    Over 200k per person for every man, woman and child in the state.



  • Registered Users, Registered Users 2 Posts: 577 ✭✭✭Randycove


    are you sure you lived in the UK?

    the NHS is paid for through NI and the Brits never stop complaining about it.



  • Registered Users, Registered Users 2 Posts: 1,437 ✭✭✭thereiver


    Our economy is booming of course if you can't get a mortgage or buy a house you may not feel great having to pay ridiculous rent for a small flat councils in England are going broke cutting back services the labour party is raising tax's on everything it can think of economy's gp in cycles boom bust every government is a combo of ff fg and some independent party

    We are in Celtic tiger mark 2 with the difference that it's a lot harder to get a mortgage and we have a housing crisis

    Young people are leaving because of the housing crisis and high tax's

    And it costs 3ook to build a bike shelter



  • Registered Users, Registered Users 2 Posts: 169 ✭✭Grey123


    It may also point to our priorities as a society. Or perhaps just the priorities of TD based in their core voting demographics.

    I don’t begrudge her her lifestyle. But it’s worth asking are we just that much better off as a society that we can afford to support her to that extend or does it come at a cost to others?

    I suspect it’s those on middle incomes who pay the price here. Particularly those who are younger, trying to buy and pay childcare. It can be very difficult to “get ahead” for those who say earn above the average income. It’s certainly much harder to invest vs the UK. No tax free investing here.

    To be honest thats all okay if the state can provide a decent level of living in retirement. A fair trade off.

    Except the game is up there too. It’s unlikely those of us retiring in 20 years will have the same quality of life as her because it’s not really sustainable.



  • Registered Users, Registered Users 2 Posts: 29,777 ✭✭✭✭breezy1985


    Household wealth compared across countries is utterly pointless. Makes no account for how much that money gets you in that country.



  • Registered Users, Registered Users 2 Posts: 5,769 ✭✭✭yagan


    Local rates also contribute to facilities, hence why there's such a thing as postcode lottery where families will move to a different NHS trust area to access services that their local Trust won't cover.



  • Registered Users, Registered Users 2 Posts: 5,164 ✭✭✭BlueSkyDreams


    If you compare it against a country with a comprable cost of living, it is a reasonable metric. So comparing it with the UK would be reasonable.



  • Registered Users, Registered Users 2 Posts: 12,077 ✭✭✭✭tom1ie


    yes and when you add in how politically and geographically safe a place like Ireland is to live, its very hard to make an argument against this country.

    Young people rightly give out about housing but there are and will be more of the likes of the below schemes:

    Affordable Homes - lda

    We have an amazing SW system that looks after people that need it.

    Our health service is fantastic if you have private health insurance- but that's the model that is in place in Ireland- the public health system is also really good- once you get in the system, which is the hard part, as the waiting times are huge. However this is because the same docs work both private and public but get paid more for private and hence are incentivised to look after private patients first.

    Our planning system is whats holding the country back- but that is being revamped also, hopefully we will see the benefits of this in the next 2 years:

    gov.ie - Landmark Planning and Development Bill approved by Houses of the Oireachtas



  • Registered Users, Registered Users 2 Posts: 14,414 ✭✭✭✭jimmycrackcorm


    Our weather is pretty much comparable to the UK. It's not as if the UK is parked next to Tenerife.

    housing access is on a par with other locations with successful economies.

    Our health systems has better outcomes than the NHS

    Investors are a small percentage of purchasers when it comes to our housing.



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  • Registered Users, Registered Users 2 Posts: 7,323 ✭✭✭zg3409


    Cars not a good metric, we have very high taxes on cars especially big engines. We also have a culture of hating people in flash cars, look at him in his Merc etc, so many that can afford high end cars such as CEOs of hundreds of staff have low profile cars and non designated CEO parking spaces. While there are high end cars around, in ROI they tend to be very showoff personalities.

    Post edited by zg3409 on


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