[TigerLikesRooster]

Yes, Britain as a country can no longer make living by playing the traders of the world.

The idea of having a permanent thriving post-industrial economy based on finance is now pretty much dead.

[dennisw]

Yes, Britain as a country can no longer make living by playing the traders of the world.

The idea of having a permanent thriving post-industrial economy based on finance is now pretty much dead.

Talk about a dead business model! That's a dead national business model

I remember all the propaganda of about 15 years ago. How the United States would be the "back office" for the world. That while the rest of the world would be our stooges and labor away in farms and factories and sell us stuffs real cheap. Like China has. We would do all the deals and financing and clearing for them

Meaning--->>          Americans = superior race of Wall St money geniuses 
                                Rest of the world = dumbass proletarians and farmers

Well, this "back office" turned out to be so greed driven that it committed seppuku and threatens to drag down Americans who do useful labor not to mention hurting people worldwide. UK with its oft bragged about "City" is in a parallel situation

[familyop]

"Yes, Britain as a country can no longer make living by playing the traders of the world.

The idea of having a permanent thriving post-industrial economy based on finance is now pretty much dead."

You wrote those words of truth well, friend, even though the news from the world is very bad now. Trade does not have to end. Each country has its unique history, excellent abilities and products. We Americans have this opportunity to learn some important strengths from people of the ROK and to relearn some of our own strengths of the past. I hope that we will take the opportunity to do so.

[AmericanVictory]

So, City, how’s the old conversion to Sharia compliant banking working out?

[meadsjn]

The idea of having a permanent thriving post-industrial economy based on finance is now pretty much dead.

It was dead before it hatched. The promises of a service economy were symptoms of a society that had already outlived its productive days. The service economy myth was necessary only until the residual wealth could be wrung out of the citizens and households.