Comment on Brexit’s Lasting Damage Is Looking Inescapable
Hacksaw@lemmy.ca 3 months agoIf your extrapolate a line during the run up to ANY recession you’ll create a line that never gets hit again. Your extrapolation theory reminds me of this Trump “extrapolating” a hurricane path
YungOnions@sh.itjust.works 3 months ago
It’s not just a ‘run up to a recession’ it’s over 12 years of continuous growth arrested in 2008. I’d argue that’s more than enough data points to extrapolate a trend line. Don’t take my word for it, though. Here’s an example of the ONS doing the same thing: www.ons.gov.uk/visualisations/…/index.html
Hacksaw@lemmy.ca 3 months ago
Oh my god, it’s even worse when you zoom out. We’ll never catch up to the trend lines set by the years of unsustainable growth before the recessions in the 70’s. Oh the permanent damage we caused. It’s an absolute tragedy that after a recession we never get back to the trend line that was set by the bubble before it burst. I’m not patient enough for the slow and steady fundamental growth of humanity through time, I want continuous fast exponential growth so the shareholders can he happy all the time!
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YungOnions@sh.itjust.works 3 months ago
This isn’t about shareholders, this is about demonstrating the economic performance of the UK in the lead up to Brexit as it pertains to our current situation. In your previous comment you seemed to be implying that you can’t extrapolate a trend line prior to a recession and I demonstrated that you could because the lead up was measured in years. I’m not arguing that damage from a recession is permanent, I’m arguing that it put us in an already bad place in terms of productivity etc prior to 2020.