Jdsk wrote:Anyone who favours an unplanned hit to economic turnover of this magnitude should acknowledge the effects on those beneficial components of public expenditure. They might think that it's worthwhile, I don't. But ignoring them turns this into rhetoric and fantasy rather than anything worthwhile.
And, as above, if we want a greener economy we should discuss that, and how to achieve it, and what will need to be done to deliver it. It's very important (is anything more important?) but it's a very different matter from what I think we'll have caused by Leaving.
Jonathan
I recently read that the hit to GDP to be expected from Brexit will be comparable to a bad recession.
The market crash of ten years ago was bad, but made worse for public expenditure and the worst-off by the savageries of austerity. We should be able to cope with the slowdown in growth rather better than that. The Tories used the failure of the money markets as an excuse to carry through their regressive policies.
I often think that our economies' need for continuing growth lest stasis brings disaster as being like a bicycle, which needs to keep moving or topple. We need to learn how to do a track stand, or at least put a foot down.
A world economy which does not invove continuous expansion will be difficult to achieve, but there are limits to growth, and surely we are reaching them.
As you suggest, nothing is more important.