this post was submitted on 12 Jan 2025
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UK Politics

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General Discussion for politics in the UK.
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Probably worth a watch, and whether you agree with him or not, being aware of the economic situation here at the moment is probably prudent

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[–] Zombie 1 points 5 days ago (1 children)

Countries can't go bankrupt... anyone who puts that in their title is full of shit.

[–] blackn1ght 3 points 5 days ago (2 children)

I'd rather see comments that challenge the title rather than just blindingly downvoting it.

I don't know much about government finances, but surely there has to be a point where the government is unable to actually pay for any services because it's servicing an insane level of debt, and it cannot continue to borrow more?

[–] futatorius@lemm.ee 1 points 3 days ago

That's the point at which they default.

[–] Zombie 2 points 4 days ago (1 children)

You'd rather see nonsense then. You can't dissolve a country. A country doesn't go bust, stop trading, wrap things up and shut down. It may have hyper inflation and gain a poor populace but it cannot shut down. It can always leverage for credit because it will always exist. The terms of credit may be awful but the ability to raise funds somehow is always there. Literally printing money, bonds, government takeover of private institutes, whatever, there's many many many more levers available to a government than other entities.

A country cannot go bankrupt. Therefore the title is bollocks, therefore a downvote and move on is warranted. Even if the content is good, they've spoiled any respectability with the title.

This is exactly why the new lemmy.world rules where moderators should challenge everything instead of removing bad content is bonkers because it encourages nonsense and misinformation.

[–] blackn1ght 3 points 4 days ago

I'd rather people call out - like you have done - why it's bollocks and try and get the title changed. If the content was also bullshit then I think the downvotes would be warranted.