Reddit/BBC reacts by complaining about jobs and taxpayers leaving
Wise redditor notes that net zero is not to blame for high energy costs destroying industry it's actually privatization
Net zero is not really to blame for that, although it is a convenient scapegoat.
The issue is that the electricity and broader energy industry has spent the last 35 years living off the inheritance of the nationalised energy industries.
Now that inheritence is finally wearing out and the pseudo market in electricity is collapsing under the weight of its own contradictions.
https://old.reddit.com/r/ukpolitics/comments/1jlq1xa/steel_tycoon_lakshmi_mittal_plans_to_leave_uk/
Bongland has second highest amount of millionaires fleeing
Definitely between a rock & a hard place on this one.
On one hand if you're resident here you should be paying your fair share of taxes.
On the other hand, the UK has the 3rd largest outflow of USD millionaires in the world, behind China & India (in total, not per capita, where we're 1st by some margin). Even with their tax breaks most of these people contributed significantly more to the UK coffers than the average tax payer.
Edit: I lied, we're 2nd as of 2024. https://www.visualcapitalist.com/mapped-millionaire-migration-in-2024/
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If they can't get steel in Bongland I'd imagine Nissan are leaving too. I only mention that so I can post this rad gif of a 1980s Nissan Fairlady:
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The taxpayer burden on Sunderland would be ruinous if Nissan shuts down
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Who pays tax in Sunderland?
I went to College in Newcastle. Chinese hate Japanese less than Geordies hate Sunderland-ers (? No idea what they call themselves?).
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Mackems. Sunderlands only contribution to the economy is the Tombola head office and the Nissan factory. If one of them goes it becomes Middlesbrough but with a metro connection to Newcastle.
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Ah yes- the Metro. Because the morning journey into the city center was always improved by the strong smell of last night's spilled extra-strength lager and piss.
THERE'S A REASON EVERY OTHER URBAN TRANSIT DOESN'T HAVE UPHOLSTERED SEATS.
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Its part of living in the city, how disabled are you?
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Sundancers
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Sanddancers is south shields, Sunderland is Mackems.
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ah, northcels and their little tribes
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Ah, no- that's South Shields...
The garden spot of Tyneside.
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everything above Watford is 'The North', it's all the same mate. Never even been tbh.
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I accidentally went to university there.
I was lied to and told it was a fun place where it was easy to make friends. Turned out to be code for "everyone is drunk all of the time".
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They're called Mackems.
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Smack 'ems on their lil butts and get em back in chains to work for free
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Ah, the real reason he (Silent Hill 2 spoiler)
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Well it's a good thing it's not like Nissan will collapse in the next year or anything. Oh wait.
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Honestly, I'm surprised Nissan hasn't collapsed already.
I assume just sheer Japanese autism has prevented that for the past decade.
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They've been being propped up by the gov for a while, they even tried to get Honda to buy them but that fell through
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They cant get new steel. But they can use recyled steel. EU is ran on recyled steel. Diffrence is. You can recyle steel using electricity. But to make new steel. You need to burn coal. You cant just heat up iron ore to turn it to steel. You need to burn.
This is fine and dandy. Until any disruption happens and then you are left standing peepee in your hand. Even EU walked back going to recyled steel only. And kept handful of blast furnaces.
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the most beautiful production car in the world imo
i sat in one and the interiors were bad though. it can't be helped for a car from that era
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babe that's what restorations are for
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It certainly looks British
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It is rad though
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It's not the net zero policy it's our r-slurred energy sector, which was made r-slurred because of our net zero policy
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It's both, planning law makes it defacto illegal to build nuclear while net zero makes it actually illegal to keep KING COAL in its rightful place.
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Ackshully we have a decades-long buildup of r-slurred energy policies, net zero is the cherry on top
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net zero should work. but the west was just too slow. net zero can't be buying the entire value chain from east asia. it should be making it at home.
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communism works exactly as well as net zero and for the same reasons
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This is kinda bullshit. Notice how they keep using phrases like "new steel" and "virgin steel" and "incel steel". They imply that this is somehow better than recycled s*x-haver steel. Actually a big part of the world's steel production has been recycled since around the 1960s or so. This isn't some "green" hippy thing. It takes a heck of a lot of energy and raw materials to make new steel, so it's much cheaper if you can find some scrap and melt it down in an electric arc furnace. And there's plenty of scrap out there: old cars, ships, abandoned railroads.
Blast furnaces have much higher economies of scale too, so there's not much point in having them unless you're gonna go all in. Look at Pohang, Korea on Google Earth and you'll see what I mean. The plant there is the size of an entire city. If you want to be competitive as a virgin you gotta be willing to go that far. You need massive infrastructure. Not just the mill itself but the port where you're bringing in millions of tons of raw materials. You can run a profitable electric arc furnace on a much smaller scale.
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Seething roastie steel complaining it's used goods no one wants anymore
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Kek
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you need existing steel to make recycled steel
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Source?
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the mines
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What do you think they're doing with the confiscated butterknives?
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The UK has been doubling down on fighting all things incel lately; tackling the "iron ore to incel steel" pipeline is a sensible next step.
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its just sad because at one point they were some of the only people on earth even capable of making steel
let alone at scale
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even their steel tycoons are

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You're literally the Ian Miles Cheong of rdrama
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did i say that it's a bad thing? singapore's president is literally a pajeet that i voted for you wingcucked r-slur
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Yes you said that's a bad thing and
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^ Literally Ian Miles Cheong talking point
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i'm not the one obsessed with him enough to know that sweaty
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someone place bets on whether UK or China is going to collapse first.
I fully expect it to be UK.
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Mainland China sucks but they have Shanghai and Beijing so they will be fine. Bongland will be an authoritarian India 2.0 in like 15 more years.
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Wrong. 50 years.
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As professional Chink hater, the Bongs will collapse first.
The CCP will collapse, but it will just splinter China into at least 2 different countries with Beijing and Shanghai being the capitols.
God hoping that they enter a new Age of Warlords because that would be so cool
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What?
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R-slurs have been saying that China will collapse very soon as early as the 1980s.
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China won't collapse, but I still think they won't make it as far as the US in per capita income.
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UK might be second place for millionaires leaving (10x brazil lmao) but the per capita the number is in the stratosphere compared to everyone else. They can exit tax their wealth once but at the cost of losing a millionaire's future earnings, spending, and productivity forever
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Don't worry the Syrians, Afghanis, and Pakis they've imported by the billions will start new 7/11s or whatever the British equivalent is, thereby fixing the economy.
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I personally believe it is better to tax billionaires than millionaires for the reason that developed nation states today are rich enough that it makes sense for anyone who saves money and is half decent at investing to become a millionaire before they die, but a billionaire is someone who is so rich they are slowing down the flow of money through the economy and carrying enough influence to shift societal scales based on a single individuals preferences, which makes having thousands of untaxed billionaires a bad idea.
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100% china. UK is a slow decay
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Wrong. UK first because the UK is like Rome but worse. History will repeat itself and UK will be taken over by Germans (
)
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worth it for fewer indians
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ITT: R-slurs who don't understand economics & trade. !neolibs look how far the r-slurs have fallen since Locke.
Importing steel to turn it in higher value products is how you get wealthy. Why the frick would you choose to be a poor working in a steel foundry, destroying your body by the time you are 50 and at much higher risk of death then doing nearly anything else. Let the poors do that work in other countries. Get fat & rich instead.
This is a repeat of the coal nonsense of the 70's & 80's. Yall need to find Thatcher.
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Ah, yes, Britain, the world leader in turning steel into higher value products and services. What exactly is it turning the steel into? Are stabbing services what's driving its 0.4% GDP growth?
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https://en.wikipedia.org/wiki/List_of_exports_of_the_United_Kingdom
WTF are they doing?
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Thats nothing
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I support immigration so we can sell their blood.
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No because all the knives are being made in Germany lol
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Nah this is prehistoric thinking. Yes, the bulk of wealth creation along a production chain tends to happen at the latter stages. That was the logic that developed countries used to justify offshorting all those industries to the third world. You scrape the shit out of the earth and refine it, then we'll take it from there. Then we'll come in with our big brains and big brain machines to convert the shit into cars and phones and all that jazz. You poor people do the marginal improvements, we do the transformative, big bucks production.
But it's 2025. The third world has caught up. And after decades of scraping the shit out of the earth, refining it and often even manufacturing the final steps themselves, they have realised that maybe they don't need to check back with the big brain westerners for ideas and designs and stuff. Turns out, if you constantly work in refining and manufacturing of a product, you inevitably get some insights about how to design the product, too. And before you knew it, suddenly those backwater thirdies in China made better cars and better phones and better everything than the "first world". And places like Britain suddenly find themselves in a situation where they outsourced the early stages of their production chain, but are also no longer competitive, let alone dominant, when it comes to its latter stages. And they can't even catch up because yes, in part because of the first world living standards driving up costs, but also because they made themselves a hostage to foreign interests as they offshored those crucial, fundamental steps.
But you still have r-slurs going "durr why would you want basic industry in your country, just keep the high paying jobs far away from a factory floor to yourself lmao."
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Competitive advantage is real, you are an r-slur.
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What competitive advantage exactly do the bongs have now that their steel industry is collapsed?
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More disabled young people than any other first world country
Also more pakis! The curryslop is amazing
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It sure is. One of those is having a domestic steel industry so you pay less in your supply chain.
Also how is this supposed to disprove anything I said? You're the one who said "importing steel to turn it in higher value products is how you get wealthy". But like I said, that's just outdated thinking. Sure in theory you want the high value creation processes for yourself, in theory you don't need the early, low value creation processes. But in practice, that shit crashed and burned because turns out, the poor countries where you pay people to do those things may not always stay poor. They may look at you and start thinking "hey why don't we just keep our steel and do the high value creation operations for ourselves?" As you said, that is how you get wealthy, right? Turns out poor people want to get wealthy too, shocking I know.
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That's not competitive advantage.
No you don't, they would still have steel production if this was the case.
Go have a look at import value of ball bearings and machine cowtools to China.
Again, you are an r-slur.
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Unironically white people underestimated the intelligence of browns. I mean they were right about most of them but not the chinese. Now they're eating our lunch, sad!
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The Chinese are like the Jews but there's billion of them.
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I would trust goods and services directly from Jews over Chinese.
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becoming a dependent and sheltered "service economy" has really worked out well for them so far
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Pittsburgh ("Steel City") is a much wealthier place since it deindustialized, and started focusing on things like healthcare and technology.
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Pitts unemployment is fat lower than the UK for one. It's not like this industry will be replaced with anything worthwhile
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wonder why that didn't happen to detroit
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Who could have guessed that privatising British Steel wouldn't end well
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Would you look at the time, it's destroy Britain o'clock
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Lol which country today has govt subsidized steel of all things? China's steel sector is entirely private and they outproduce basically everyone else combined. North Korea's probably largest state directed steel manufacturer lol.
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China's steel sector is NOT privately owned lmao
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Huh troo apparently my bad. I saw a graph comparing production of their largest private operator to entire countries and projected.
Their largest soe produces 132 mmt alone a year.
Just 8 short of India's entire output. The private one produces 25mmt just 6 short of Iran.
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It is a policy choice by the CCP, they will help SOEs and even 'private' enterprises eat losses to overproduce as long as the CCP wants to maintain the strategic status quo of dominating global steel
The word 'private' in business doesn't mean anything in China. Every enterprise above a certain scale that isn't an SOE officially is a de facto SOE either thru partnership and kickbacks with the government and/or with the CCP requiring supervisory board members
even when the CCP has no ownership on paper nothing can escape their political gravity well
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hmokay
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No subsidies here saar, we HAVE to build this megabridge in some shithole that will break up in 10 years, its vital strategic interest.
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Yes? We're building bridges with our own money is this american idea of a subsidy lmao? Build all the bridges you want who's stopping you? Bonus:You'll get cool shots like this
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When you build massive bridges to nowhere, you crowd out actual productive investments in productive industries ... which don't exist in India, so keep building those bridges!
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There's strategic reasons for it
military is literally footing something like 20-30% of cost lol and economic ones aren't very minor either you know around 15M people live in the Kashmir valley lol. Its small by Indian standards but not really that small.
Cutting this down to 8-9 hours will make it an overnight journey. Introducing it to rail network will turbo charge tourism numbers, since flight costs there from Delhi are always on higher end because of no other alternative.
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Hey now, think of all those train surfer jeets that can have the most awesome death fall every to be posted to wpd!
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If that map is true then another reason to love China
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This is the first reason to love China:
!ranchers
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Snapshots:
https://www.telegraph.co.uk/business/2025/03/27/british-steels-chinese-owners-reject-500m-go-green/:
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https://old.reddit.com/r/ukpolitics/comments/1jl1w5o/british_steel_closure_threat_puts_up_to_2700_jobs/:
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ghostarchive.org
archive.org
archive.ph (click to archive)
https://old.reddit.com/r/ukpolitics/comments/1jlq1xa/steel_tycoon_lakshmi_mittal_plans_to_leave_uk/:
undelete.pullpush.io
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archive.org
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It's amazing how many wealthy people move to Dubai. I wonder if any of them are starting businesses or it's just a retirement home for rich guys to frick imported escorts
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earwy-mid game Satisfactwory is mwore advanced than the UK
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