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Why is Britain richer than other countries? watch

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    Thoughts?
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    PC people will say colonialism, but then this is no different to most of Europe.

    I'd say it's because we were the first to industralise originally, but today it's because we have a high living standard, are well educated, and have high productivity and wages.
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    Colonialism.
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    Very intelligent people, since the island is quite known for its inventions such as the steam engine etc.
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    (Original post by carlisomes)
    PC people will say colonialism, but then this is no different to most of Europe.

    I'd say it's because we were the first to industralise originally, but today it's because we have a high living standard, are well educated, and have high productivity and wages.
    (Original post by harry_007)
    Colonialism.
    In part, it is colonialism, yes, but another, is because we had the industrial revolution, giving us a hue boost when other empires started to decline, and falter

    The financial sector has always been pretty strong here (Which is where most of our money comes from), and we're pretty good at opening trade overseas

    We've also been to war for things like tea, which I find really funny. of course, it's not funny that people have died for tea, but going to war for tea tickles me a little
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    Cause they jumped over to other countries and nicked all their stuff.
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    Western European and in particular the Anglophone culture.
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    (Original post by de_monies)
    In part, it is colonialism, yes, but another, is because we had the industrial revolution, giving us a hue boost when other empires started to decline, and falter

    The financial sector has always been pretty strong here (Which is where most of our money comes from), and we're pretty good at opening trade overseas

    We've also been to war for things like tea, which I find really funny. of course, it's not funny that people have died for tea, but going to war for tea tickles me a little
    Slavery helped the revolution. UK has no oil like Qatar.
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    (Original post by harry_007)
    Slavery helped the revolution. UK has no oil like Qatar.
    This is true, but there's that little thing we had, called the empire as well

    Well, we technically do I guess. The UAE also has barely any oil. Oil in itself doesn't make a country rich
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    Because of business innovation and industry, but also because of the robust financial sector over the past couple of decades. The economy moved from industry to service to ensure the best for the economy. Unfortunately, social problems came with this.
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    In the words of Frankie Boyle,

    "Gun beat spear".
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    (Original post by de_monies)
    This is true, but there's that little thing we had, called the empire as well

    Well, we technically do I guess. The UAE also has barely any oil. Oil in itself doesn't make a country rich
    What do up mean barely any oil and of course it does if coupled with a government that cares for its country.
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    (Original post by harry_007)
    What do up mean barely any oil and of course it does if coupled with a government that cares for its country.
    By that I mean, we probably have more oil than the UAE does

    http://news.bbc.co.uk/1/hi/world/mid...st/8382275.stm

    Im saying that you don't need oil to be rich. The UAE is a good example of that - albeit, the living conditions aren't great for x percentage of people...
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    (Original post by de_monies)
    By that I mean, we probably have more oil than the UAE does

    http://news.bbc.co.uk/1/hi/world/mid...st/8382275.stm

    Im saying that you don't need oil to be rich. The UAE is a good example of that - albeit, the living conditions aren't great for x percentage of people...
    indeed, look at Venezuela...

    To OP - Define rich for me, what kind of rich? middle class, gdp, stock or currency wise?
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    (Original post by harry_007)
    Colonialism.
    I guess. But the UK in the 18th and 19th centuries was more stable than Europe (bar Bonny Prince Charlie before anybody says anything...)
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    TAX
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    (Original post by Pindar)
    Thoughts?
    In what aspect is Britain richer than other countries?
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    (Original post by Pindar)
    Thoughts?
    From 1700-1900 it was simply down to colonialism (gunboat diplomacy) and the industrial revolution.

    Since WW2 the reasons for our success are largely the reasons for everybody else's success. We avoided falling to the command control economies that ruined rich countries like Cuba, we've opposed historical corruption and upheld the rule of law ensuring we're relatively well managed and attractive to business and we've also maintained a financial niche. Indeed we are now pushing forward in areas including engineering and IT.
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    (Original post by 1001Shab)
    In what aspect is Britain richer than other countries?
    Per capita. Nominal GDP. Average wages.

    You can't honestly think we're poor.
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    (Original post by Rakas21)
    Per capita. Nominal GDP. Average wages.

    You can't honestly think we're poor.
    Britain is not poor, but there are countries in East that are much richer than Britain on its own.
 
 
 
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