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Old 03-11-2023, 01:08 PM
 
Location: SE UK
14,820 posts, read 12,026,546 times
Reputation: 9813

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Quote:
Originally Posted by OyCrumbler View Post
Yea, not a surprise that most of London skewed heavily towards remain.
The elite and the corrupt may well have wanted the status quo, the majority of the voiceless population wanted otherwise - for obvious reasons! The elite made a mistake of letting the 'plebs' get anywhere near a vote in the first place! Trouble is most of the time the luvvies at the elite institutions can almost afford to forget that the normal everyday population exists.

On topic I think that Gary Lineaker is a fine example of the 'elite' in this country! He has as much idea as to how the general population 'live' in this country as I have about living on Saturn!
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Old 03-11-2023, 05:29 PM
 
Location: In the heights
37,152 posts, read 39,404,784 times
Reputation: 21247
Quote:
Originally Posted by easthome View Post
The elite and the corrupt may well have wanted the status quo, the majority of the voiceless population wanted otherwise - for obvious reasons! The elite made a mistake of letting the 'plebs' get anywhere near a vote in the first place! Trouble is most of the time the luvvies at the elite institutions can almost afford to forget that the normal everyday population exists.

On topic I think that Gary Lineaker is a fine example of the 'elite' in this country! He has as much idea as to how the general population 'live' in this country as I have about living on Saturn!
Related to the sentiment might be the high correlation between Brexit vote and level of educational attainment within England and Wales: https://blogs.lse.ac.uk/politicsandp...inment-brexit/

There is the argument though that it's not so much elite as in people with particularly high amounts of power which also correlates to some degree with education, but with a fairly rational argument that leaving would potentially be at least a minor economic setback for the UK as a whole. Regardless, what's done is done and it seems like California did have a larger GDP than the UK when this topic was made and the gap increased in the six years since.
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Old 03-12-2023, 11:03 AM
 
5,214 posts, read 4,021,534 times
Reputation: 3468
Not anymore lol, with the 200 billion burned by the SVB scam they're back on track...not a great time for woke finance...
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Old 03-12-2023, 03:46 PM
 
Location: In the heights
37,152 posts, read 39,404,784 times
Reputation: 21247
Quote:
Originally Posted by euro123 View Post
Not anymore lol, with the 200 billion burned by the SVB scam they're back on track...not a great time for woke finance...
You think a bank run means that California's economy has collapsed? You think SVB is "woke"? It turns out you can be just as foolish about elsewhere as you seem to be about Russia. Sort of interesting that you can both believe these things and that people in the UK are now subsisting on squirrel meat because they have nothing else to eat anymore.
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Old 03-12-2023, 04:30 PM
 
4,227 posts, read 4,891,073 times
Reputation: 3945
Quote:
Originally Posted by euro123 View Post
Not anymore lol, with the 200 billion burned by the SVB scam they're back on track...not a great time for woke finance...
I think you added one too many zeroes to your estimate there.
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Old 03-13-2023, 07:36 AM
 
5,214 posts, read 4,021,534 times
Reputation: 3468
^ OK at that pace it will soon happen lol, 3rd in a row:


https://en.wikipedia.org/wiki/Signature_Bank


Yes, unlike SVB this one seems to have been New York based but still with offices in California...


edit: Finally as of today these accounts for over $300+ billion, just order by date and you get the 3 from 2023 on top:



https://en.wikipedia.org/wiki/List_o..._bank_failures
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Old 03-13-2023, 07:50 AM
 
Location: SE UK
14,820 posts, read 12,026,546 times
Reputation: 9813
Quote:
Originally Posted by OyCrumbler View Post
Related to the sentiment might be the high correlation between Brexit vote and level of educational attainment within England and Wales: https://blogs.lse.ac.uk/politicsandp...inment-brexit/

There is the argument though that it's not so much elite as in people with particularly high amounts of power which also correlates to some degree with education, but with a fairly rational argument that leaving would potentially be at least a minor economic setback for the UK as a whole. Regardless, what's done is done and it seems like California did have a larger GDP than the UK when this topic was made and the gap increased in the six years since.
Not ANOTHER example of some people thinking they are morally superior over others surely! There is an AWFUL lot of it about this century!

California is NOT a sovereign state, its economy is driven by one of the worlds largest countries, with a domestic marketplace of 330 MILLION people! The economy of 'the UK' however IS the economy of a sovereign state, a comparatively small one at that, especially when compared to a country the size of a continent! the UK has a domestic marketplace of 67 million people. Comparing California to the UK is like comparing England to Luxembourg.

Why do some people find this so hard to understand?
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Old 03-13-2023, 02:26 PM
 
Location: In the heights
37,152 posts, read 39,404,784 times
Reputation: 21247
Quote:
Originally Posted by easthome View Post
Not ANOTHER example of some people thinking they are morally superior over others surely! There is an AWFUL lot of it about this century!

California is NOT a sovereign state, its economy is driven by one of the worlds largest countries, with a domestic marketplace of 330 MILLION people! The economy of 'the UK' however IS the economy of a sovereign state, a comparatively small one at that, especially when compared to a country the size of a continent! the UK has a domestic marketplace of 67 million people. Comparing California to the UK is like comparing England to Luxembourg.

Why do some people find this so hard to understand?
I don't see how this is a moral decision as I'm not sure if being more educated also makes someone more moral. There seems to be some confusion on your part.

No one has claimed California is a sovereign state, so it's not clear why you keep arguing about that. I haven't seen a single post here that claims California is a sovereign state. Yes, it does have access to a single market of 330 million and the UK used to have access to one over 400 million, but now it does not. If you believe having access to a large single marketplace matters, then sure, it's possible the different economic trajectories had something to do with the UK no longer being part of a much larger marketplace.

Go ahead and compare England to Luxembourg, however, this topic was the size of California's economy compared to the size of national economies, and notably that of the UK, because they were when the topic was created six years ago, very, very close. Now at nominal value, California slots in between Germany and India. Did you forget what the topic was? It seems like you're having a really difficult time with this and just keep repeating things that no one is claiming otherwise, and so there unfortunately seems to be no point in responding to you.

---

Anyhow, has anyone found a recent figure for California's GDP based on purchasing power parity and not on the US overall PPP, but California specifically? I ask that about California specifically rather than the US overall, because I'm pretty sure a lot of the cost of living measures are actually higher for California than they are for the US overall. I do think it's quite possible that on those grounds, the UK and certainly India would be larger.
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Old 03-14-2023, 03:55 AM
Status: "“If a thing loves, it is infinite.”" (set 2 days ago)
 
Location: Great Britain
27,178 posts, read 13,461,836 times
Reputation: 19487
Quote:
Originally Posted by easthome View Post
Not ANOTHER example of some people thinking they are morally superior over others surely! There is an AWFUL lot of it about this century!

California is NOT a sovereign state, its economy is driven by one of the worlds largest countries, with a domestic marketplace of 330 MILLION people! The economy of 'the UK' however IS the economy of a sovereign state, a comparatively small one at that, especially when compared to a country the size of a continent! the UK has a domestic marketplace of 67 million people. Comparing California to the UK is like comparing England to Luxembourg.

Why do some people find this so hard to understand?
Exactly - California is just the latest US economic hub, it used to be Detroit and what has become the rust belt, but has moved to California.

As for GDP, it's not even a good measure and has well documented problems, that even Californian groups note, and they themselves rank the region 11th.

Then again it's just a region and not a country, and such skewed and irrelevant meaningless statistics don't mean a damn thing.

Last edited by Brave New World; 03-14-2023 at 04:09 AM..
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Old 03-14-2023, 07:25 AM
 
Location: In the heights
37,152 posts, read 39,404,784 times
Reputation: 21247
Quote:
Originally Posted by Brave New World View Post
Exactly - California is just the latest US economic hub, it used to be Detroit and what has become the rust belt, but has moved to California.

As for GDP, it's not even a good measure and has well documented problems, that even Californian groups note, and they themselves rank the region 11th.

Then again it's just a region and not a country, and such skewed and irrelevant meaningless statistics don't mean a damn thing.
Detroit was never "the" US economic hub as the midwestern states and cities never passed the northeastern states and cities in economic influence and size, and as said before, the rust belt is still economically pretty powerful and the malaise it has was mostly within its urban centers (which does suck) while their suburbs continued to grow for quite a while or never stopped growing depending on the Rust Belt city. It's a bit akin to saying that Greater Manchester not so long ago was the latest UK economic hub because it had a strong growth spurt, but in reality, it was never anywhere close to being as prominent an economic center as Greater London was for the UK. Anyhow, as demolished as the urban core of Detroit is from policies over the latter half of the 20th century, the economic heft of the Detroit metropolitan area is still pretty sizable.

GDP does have well documented problems though nominal value is important for talking about trade and does correlate to some degree to standards of living which is why I think it's nuts to consider it irrelevant or meaningless. Getting GDP of subnational entities is a pretty common thing and it helps to get a barometer on economic conditions and trajectories. Now, there are issues with it in terms of trying to understand the actual quality of life which is why measures such as purchasing power parity exist, or going further from GDP, measures like HDI. I do think it's possible that GDP by purchasing power parity puts California behind UK, but it'd good to have a link to the actual study to understand how they were calculating such especially if that 11th place was via purchasing power parity which would put it close to where the UK is currently ranked in GDP by PPP. When it comes to HDI, California would be in the 16th slot among countries which isn't bad.

Last edited by OyCrumbler; 03-14-2023 at 07:52 AM..
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