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/
.webp?h=11 "Nuzzles, pounces on you, UwU, you're so warm!..")
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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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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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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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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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