Honestly a lot of it feels like the UK is less of a functional state and more of a nightwatchman outside a bank vault.
The world's hyperwealthy have been storing their money in the London real estate market for decades now. That market has been advertising itself as one of the best long-term stores of value and one of the safest places to offshore a fortune.
This means that if the state takes actions which lead to the collapse of London real estate values, then the Scary Bonesaw Oil Billionaires will be very upset. Meanwhile if the populace of the country starve, then at worst we might break a few windows and fight some cops, but that's not nearly the same degree of scary.
The state knows what its purpose is: it's to keep that store of wealth safe. Running a viable economy is just a nice-to-have.
Passenger
npub1s0…n7dfq
2024-08-25 11:47:53 UTC
in reply to nevent1q…xr67
Author Public Key
npub1s0wrzxzf6ljuruxssskth3wnh09q9tlnfwc0x0agq0ywwn6rcnpsqn7dfqPublished at
2024-08-25 11:47:53 UTCEvent JSON
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