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Jimmy Nicholls's avatar

I wouldn't argue that economics has no relationship to nationalism or any other sense of group belonging, but it seems an unnecessary contortion to emphasise it here. Most groups throughout history have a preference for their in-group, and most Brits have wanted migration to go down throughout the period where we've seen hundreds of thousands of migrants arrive each year. Government also appears to have been moving migrants to places previously less impacted by migration, which has contributed to the recent crisis around hotels.

I'm sure all this would be less fraught if people's personal finances were in better nick, but the problem isn't capitalism: it's migration policy.

George Carty's avatar

Anyone who has studied international economics knows about the Impossible Trinity.

("Fixed exchange rates, free movement of capital, national monetary sovereignty, pick two!")

But aren't a lot of the problems our societies are now facing (such as paying higher taxes for poorer public services, and high immigration with the resulting anti-immigrant backlash) down to a similar Impossible Trinity in the field of demographics?

Stable or falling populations, long life expectancy, high workers-to-retirees ratio, pick two!

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