The U.K Has Fallen. What Happened?

Moon
19 Jun 202416:30

Summary

TLDRThe video script reveals the UK's decline, with over two-thirds of citizens believing the country is deteriorating. Key issues highlighted include a strained NHS with lengthy waiting lists, economic stagnation, rising living costs, and a broken public service system. The script delves into the underfunding of local councils, increasing crime rates due to police cuts, and the stark inequality between London and the rest of the country. It criticizes the shift towards a finance-based economy, suggesting it has led to widespread inequality and societal decay, urging for a reevaluation of current policies and practices.

Takeaways

  • ๐Ÿ“‰ The UK is facing a crisis with over 2/3 of citizens believing the country is in decline, with 20% more feeling this way than just three years prior.
  • ๐Ÿฅ The National Health Service (NHS) is struggling, with nearly 8 million people on the waiting list for essential appointments or operations.
  • ๐Ÿ›‘ The UK's infrastructure is deteriorating, with over a million potholes and a lack of basic maintenance being a significant issue.
  • ๐Ÿ“ˆ The cost of living is rising, with food and drink prices increasing by 25% on average over the past two years, making it harder for people to afford basic necessities.
  • ๐Ÿ’” The economy has been stagnating, with rising bills and rents affecting a whole generation and making home ownership a distant dream for many.
  • ๐Ÿš† Public transportation is expensive and unreliable, with train ticket prices skyrocketing and delays and cancellations becoming more frequent.
  • ๐Ÿ‘ฎโ€โ™‚๏ธ Law enforcement is underfunded and understaffed, leading to an increase in unsolved crimes and a decrease in public safety.
  • ๐Ÿ› The UK's public services have been severely impacted by budget cuts, with community centers, parks, and libraries falling into disrepair or being abandoned.
  • ๐Ÿ’ฐ There is a significant divide between the rich and the poor in the UK, with some areas experiencing worse poverty and higher mortality rates than countries like Turkey, Romania, and Poland.
  • ๐Ÿ—บ๏ธ There is also a growing disparity between London and the rest of the country, with income per person in London's richest areas being more than four times that of the poorest parts of England.
  • ๐Ÿฆ The UK has become a major player in offshore banking and tax havens, which has led to a shift from a production-based economy to one based on finance, benefiting the ultra-rich at the expense of the wider population.

Q & A

  • What is the main concern expressed by British citizens in the survey mentioned in the script?

    -The main concern is that the UK is on the brink of collapse, with over 2/3 of the respondents indicating that the country is in decline, and 20% more so than just three years prior.

  • How does the script describe the current state of the National Health Service (NHS) in the UK?

    -The NHS is described as being in tatters, with nearly 8 million people on the waiting list for crucial appointments or operations.

  • What economic issues are highlighted in the script regarding the UK?

    -The script highlights the stagnation of the UK economy, rising prices of essential goods, increased cost of living, and the difficulty of first-time home buying.

  • What is the script's perspective on the UK's public transportation system, particularly trains?

    -The script criticizes the high ticket prices for trains, increased delays and cancellations, and frequent strikes due to low pay for workers.

  • How does the script suggest the UK government's performance compares to other developed nations?

    -The script suggests that the UK is one of the worst-performing developed nations in nearly every metric.

  • What is the script's view on the state of the UK's roads and the role of local councils?

    -The script states that the roads are in poor condition with over a million potholes, and local councils are severely underfunded, leading to neglect of basic duties.

  • What impact has the reduction in community police officers had according to the script?

    -The reduction has made it less likely that there will be police nearby to help in case of an incident, and it has contributed to an increase in unsolved crimes.

  • How does the script describe the situation with public services in the UK over the last 12 years?

    -The script describes a situation where public services have been hit hard by cuts, leading to struggling community centers, parks, and libraries falling into disrepair or being abandoned.

  • What is the script's explanation for the growing inequality in the UK?

    -The script points to a divide between the rich and the poor, as well as a major divide between London and the rest of the country, with London becoming significantly richer due to the concentration of wealth and resources.

  • What role does the script suggest tax havens have played in the UK's economic decline?

    -The script suggests that the use of tax havens has allowed for the enrichment of the upper classes at the expense of the wider economy, leading to financialization and a shift away from a production-based economy.

  • What solution does the script propose to address the issues faced by the UK?

    -The script proposes a balanced perspective on news consumption, using a service like Ground News to understand media bias and stay informed, but does not offer a specific solution to the economic and social issues discussed.

Outlines

00:00

๐Ÿ“‰ UK's Socioeconomic Decline

The script discusses the perceived collapse of the UK, with over two-thirds of citizens feeling the nation is in decline, a sentiment heightened by the struggling National Health Service (NHS) with an 8 million person waiting list. The government's inefficiency is highlighted by the rising cost of living, with essentials like food and drink increasing by 25% in two years. The script also points to the skyrocketing housing prices and rents, and the poor state of public services like transportation and law enforcement, with over 2.1 million unsolved cases between 2022 and 2023. The local councils are underfunded, leading to the deterioration of community services and infrastructure, with half expecting to go bankrupt within five years. The script also touches on the growing inequality between the rich and the poor and the disparity between London and the rest of the country.

05:02

๐Ÿš‚ The Impact of Financialization on the UK

This paragraph delves into the transformation of the UK's economy from production-based to finance-based, leading to a significant wealth gap and the rise of London at the expense of the rest of the country. The script criticizes the expensive train fares in Europe and the poor service quality, with high rates of delays and cancellations. It also discusses the role of tax havens controlled by the UK, which have contributed to the country's wealth but have also led to a lack of funds in the public sector, resulting in austerity measures and a decline in public services. The paragraph suggests that the UK's economic issues are systemic, with decades of policy decisions contributing to the current state of affairs.

10:03

๐Ÿฆ The Consequences of Tax Havens and Financialization

The script explains how the UK's establishment of tax havens and the shift towards financialization have led to a concentration of wealth among the ultra-rich, while the rest of the population suffers from economic hardship. It details how offshore tax evasion has become institutionalized, with the Panama Papers revealing a massive fraud system involving celebrities and corporations. The paragraph also points out the impact on housing, with property prices skyrocketing due to investment by the wealthy, making home ownership nearly impossible for the younger generation. The script criticizes the lack of action against tax evasion and the exploitation of public services for private gain, contributing to the UK's economic crisis and inequality.

15:04

๐ŸŒ The Role of Offshore Tax Evasion and Its Future Implications

The final paragraph discusses the origins of the offshore tax evasion system as a means for the UK to maintain control over former colonies and how it evolved into a self-serving mechanism that has damaged the UK's economy. It highlights the continuous economic crises, the widening wealth gap, and the exploitation of public services. The script warns of the disastrous consequences if the funds in tax havens are not reintegrated into the UK's economy, suggesting that without intervention, the country will continue to decay and may eventually collapse.

Mindmap

Keywords

๐Ÿ’กDecline

Decline refers to a decrease or worsening in condition, quality, or performance over time. In the video's context, it is used to describe the perceived deterioration of the UK's societal and economic state. The script mentions that over 2/3 of British citizens believe the country is in decline, with examples such as the NHS crisis and economic stagnation illustrating this concept.

๐Ÿ’กNHS (National Health Service)

The NHS is the publicly funded healthcare system of the United Kingdom. It is a key institution often seen as a symbol of national pride. The script points out that the NHS is now struggling, with a large waiting list for appointments and operations, indicating a decline in the quality of universal healthcare.

๐Ÿ’กStagnation

Stagnation implies a lack of growth or development. The video discusses the UK's economy as being stagnant for years, with the cost of living increasing while wages and opportunities remain the same, leading to a decline in living standards.

๐Ÿ’กInequality

Inequality refers to the unequal distribution of resources, opportunities, or income among different groups in a society. The script highlights growing inequality in the UK, with a significant divide between the rich and the poor and between London and the rest of the country.

๐Ÿ’กUnderfunded

Underfunded describes a situation where an organization, service, or system does not receive enough financial resources to function effectively. The video points out that local councils and public services like the NHS are underfunded, leading to a decline in the quality of services provided.

๐Ÿ’กTax Havens

Tax havens are jurisdictions that offer financial secrecy, low taxes, or zero taxes for foreign individuals and businesses. The script explains that the UK has been involved in creating tax havens, which has led to a significant amount of money being kept out of the country's economy, contributing to the overall decline.

๐Ÿ’กFinancialization

Financialization refers to the increasing dominance of finance and financial motives in economic and political life. The video discusses how the UK's economy shifted from production to finance, leading to a concentration of wealth and a neglect of public services and infrastructure.

๐Ÿ’กAusterity

Austerity refers to policies that aim to reduce government budget deficits through spending cuts or tax increases. The script criticizes the policy of austerity implemented by the UK government, which has resulted in cuts to public services and an exacerbation of societal issues.

๐Ÿ’กInflation

Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. The video mentions that the cost of essential goods, such as food and drinks, has risen significantly, indicating high inflation rates that affect the population's standard of living.

๐Ÿ’กPublic Services

Public services are systems or services provided by the government to ensure the well-being of its citizens. The script describes the systematic underfunding and decline of public services in the UK, such as healthcare, law enforcement, and infrastructure, which has led to a decrease in the quality of life for many citizens.

๐Ÿ’กGround News

Ground News is a media platform mentioned in the script that provides news coverage with a focus on identifying and highlighting media bias. It is used as an example of a tool that can help viewers understand different perspectives and the extent of certain issues, such as economic problems in the UK.

Highlights

Over 2/3 of British citizens in a survey believe the UK is in decline, with 20% more feeling this way compared to just three years prior.

The NHS, once a model for universal healthcare, now struggles with a waiting list of nearly 8 million people for crucial appointments or operations.

The UK economy has been stagnating, with the cost of essential goods rising to record levels, making basic living increasingly difficult.

First-time home buying has become nearly impossible due to rising prices, and rents and bills are draining a generation's resources.

Train ticket prices have skyrocketed, with delays and cancellations increasing even faster, reflecting broader systemic issues.

The UK is one of the worst-performing developed nations in nearly every metric, suggesting deep-seated problems beyond recent events.

Basic infrastructure like roads is neglected, with over a million potholes estimated, increasing the likelihood of vehicle damage.

Local councils, responsible for maintaining community services, are severely underfunded, leading to a decline in public services.

Crime rates have risen due to understaffed police forces, with over 2.1 million cases left unsolved between 2022 and 2023.

The number of unsolved murders has doubled since 2010, reflecting an erosion of law and order.

Over a third of all libraries have closed since 2012, indicating a broader decline in community resources and support.

Several councils have fallen into bankruptcy, with Birmingham being officially broke, signaling a crisis in local governance.

Inequality in the UK is among the worst in the developed world, with significant divides between rich and poor and regions.

The UK's train system is the most expensive in Europe, with high prices not reflecting service quality, indicating a failure in public service management.

The NHS has been negatively impacted by bureaucracy and predatory corporations, leading to staff shortages and financial mismanagement.

The UK's shift towards a service-based economy has led to financialization, with wealth concentrated at the top and little trickling down.

Tax evasion and the use of tax havens have become systemic issues, with trillions of pounds tied up in offshore accounts.

The housing market has been manipulated by the ultra-rich, driving up prices and making home ownership unattainable for many.

Public services have been systematically underfunded, leading to a decline in quality and availability, affecting the entire population.

The UK's economic decline has been decades in the making, with policies favoring the wealthy at the expense of the majority.

The Panama Papers exposed a massive tax evasion system involving high-profile individuals with little to no consequences.

The UK's economic issues are widespread and deeply rooted, affecting all aspects of society from healthcare to public transportation.

Transcripts

play00:00

the UK is on the brink of collapse in a

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survey of British citizens over 2/3 said

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that the country is in Decline 20% more

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than just 3 years before it isn't hard

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to see why they think this just trying

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to survive in the UK is all the proof

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you need every single part of life has

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ground to a hold take the NHS used to be

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a shining example of what universal

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healthcare could achieve now it's in

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tasses with nearly 8 million people on

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the waiting list for crucial

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appointments or operations all the other

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parts of the government have been

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deprived in a similar away whether

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you're getting a new passport or

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reporting a crime everything seems

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broken meanwhile the economy of the UK

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has been stagnating for years the prices

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of essential Goods have risen to record

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levels with food and drinks getting 25%

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more expensive on average in just the

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past 2 years buying a house for the

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first time is a pipe dream now and

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Rising bills and rents have bled a whole

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generation dry the ticket prices for

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trains of skyrocketed whilst delays and

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cancellations have gone up even faster

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it's no surprise the question in

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everyone's Minds these days is why

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doesn't anything work anymore while the

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politicians might blame our problems on

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Co or the global economic downturns it

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doesn't change the fact that the UK is

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one of the worst performing developed

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nations in nearly every metric out there

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so let's peel back the curtain and

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reveal what's really going on the true

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reason behind Britain's slow March

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towards

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ruin it used to be the case that if you

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didn't pay attention to the news you

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could go through life in the UK

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blissfully unaware of any major problems

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that time has been and gone though today

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it's impossible not to notice the Decay

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the moment you step out of the door a

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great IND indicator of just how messed

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up things have become are the roads it's

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generally a simple job to keep them

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functioning at a bare minimum in the UK

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though even this most basic of Duties

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has been neglected it's estimated that

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there are over a million potholes in the

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UK right now around six for every mile

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of road compared to 20 years ago you're

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even twice as likely to damage your car

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by driving on British roads and this is

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just one example of how the country's

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decline has taken a toll on the wealth

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and well-being of its people making sure

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there aren't massive holes in the road

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is a responsibility that falls on

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community govern which in the UK are

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called councils but the 3177 different

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local councils that keep the country

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running are severely underfunded underst

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starved and overstretched this isn't the

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only way that the UK streets have gotten

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more dangerous over time Law and Order

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in the UK has been eroded by wave of

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budget cuts the police are now two

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understaffed and two of a stretch to

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enforce most laws meaning crimes have

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gotten far easier to get away with

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between 2022 and 2023 it's estimated

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that over 2.1 million cases were left

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unsolved with no suspects identified

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that's over 6,000 every single day only

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around 300,000 crimes were actually ever

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prosecuted and the results of this are

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disturbing even the amount of unsolved

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murders that happen every year has

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doubled since 2010 on top of that a

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reduction of 4,500 Community police

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officers since 2015 means that there's

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far less of a chance that if something

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does happen there will be somebody close

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by to help even if criminals do get

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caught the overcrowded and underfunded

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prisons make judges incredibly unwilling

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to prop punish the perpetrators instead

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of actual prison sentences ating the

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drunk tank and a small fine is often the

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only result of their actions CS to all

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public services over the last 12 years

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have hit them hard leaving them

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struggling to cope a 2022 study on local

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government across the UK found that they

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had been hollowed out community centers

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parks and other public areas have fallen

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into disrepair or being abandoned over a

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third of all libraries have closed since

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2012 more than giving people something

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to read the facilities there were often

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the only way for some people to even

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apply for jobs or access a computer but

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cutting away the few things Council has

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actually provided hasn't saved their

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bottom lines it's only briefly delayed

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their inevitable collapse a whole slow

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of different councils across the UK fell

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into bankruptcy last year Birmingham is

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officially broke the city council the

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largest local Authority in Europe is

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effectively bankrupt with one in five

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expecting to join their ranks over the

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next 2 years and as you look further

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into the future the picture gets even

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worse in 5 years half of all councilors

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in the UK expect to go bus without

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intervention it's a problem that

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reflects the growing inequality in the

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UK first there's the Divide between the

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rich and the poor which is among the

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worst in the developed world there's

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worse relative poverty and higher

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morality rates in some British towns

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than in Turkey Romania and Poland that

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isn't the only inequality in Britain a

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major divide that's been growing for

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decades is the massive gap between

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London and the rest of the country the

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income per person in the richest parts

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of London is more than four times as

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much as the poorest parts of England

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money has flowed out of the rural areas

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and the other cities and into the

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capital now the only hope for most young

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people to get a good job is to move

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there and join the mom of Skyhigh rents

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and7 pints you would think a country

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with such unequal Capital would put its

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focus on making sure people can get

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there quickly and efficiently but by now

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you can probably guess it's the complete

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opposite the UK has the most expensive

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train fairs in Europe so what did people

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get for the extra price they're paying

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over 40% are delayed around 3% are

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cancelled and on top of that there are

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still constant strikes over low pay for

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a country where over a million people

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mut into the capital every day with a

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vast majority taking the train it's a

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shameful display this is such a big

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problem in the UK right now luckily I

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have a solution for getting a balanced

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perspective on use that keeps me fully

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informed it shows me the bias from the

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media on both the left and the right

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highlighting what each side focuses on

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and ignores it's called Ground use so

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let me tell you about the feature I use

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for this video to ensure both sides of

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the political Spectrum were covered in

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this video go to ground. news/ moon to

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check them out the Mind news bias

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feature has a really useful personal

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dashboard feature where you can get

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insight into your reading habits to see

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where you're getting your news from and

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if you have any blind spots which shows

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you your most read news sources the

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article biases of the stories the

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factuality and the ownership of the news

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organizations you read which was really

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useful for understanding my own bias

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that I wasn't aware of before to make my

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opinions better informed they also have

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a blind spot feed which shows stories

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that are disproportionately reported by

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one side of the political Spectrum while

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also providing access to primary sources

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alongside how the news interprets it

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bringing to the surface roughly 20 of

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these stories per day meaning you'll

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always be informed their app and website

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gathers related news articles from

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around the world on any topic with

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context like a sources political leaning

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reliability and ownership so really know

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exactly where information is coming from

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Gathering news from 50,000 sources

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around the world every day and with the

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ground news bias distribution feature

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they clearly show how widespread the

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economic issues are in the UK right now

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with ground news reporting that 43% of

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media coverage of the economic problems

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in the UK was by Center leaning sources

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now ground news relies on subscriptions

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to keep their mission of transparency

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going so support them by going to

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ground. news/ moon to check it out the

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same plan I used to get all the features

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for just $5 per month and with my link

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you will get 40% off of their unlimited

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access Vantage

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plan as we've seen every part of the UK

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government has been systematically

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underfunded and cut to the point of

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collapse but nowhere is that more clear

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than in the NHS no other victim of

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Britain's demise has caused more

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suffering and hardship for its people

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suffocated by bureaucracy the health

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loses billions to oversight and

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overpayments there's such a shortage of

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Staff in brison's aging population that

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a large part of the gaps are filled with

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outside private agency staff one of

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their shifts can cost as much as ยฃ2,000

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of which any half goes to the agency

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rather than the nurse there are a number

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of predatory corporations squeezing the

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NHS dry when Co hit it was at its worst

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the NHS was so overloaded it nearly

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collapsed in on itself the UK like the

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rest of the world di needed protective

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equipment for both the patients and for

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the NH staff the contracts to make and

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sell this gear to the government were

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auctioned off to the biders best

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connected to the conservative government

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at the time in just this one scam 1.6

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billion in contracts were given away to

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friends or politicians without any

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competition but you can be sure the

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governments got the best deal they could

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for such an important life-saving

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product either they didn't receive the

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care they needed in time or there simply

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wasn't enough staff paying attention to

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intervene at The crucial moment even as

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Boris Johnson sat in a hospital bed

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suffering from the disease his cronies

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were busy making them all a profit from

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the Cris

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you can easily blame the conservative

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government which has been in power for

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over 12 years for lots of this decline

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it's true a large part of it falls on

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them their policy of austerity cutting

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Public Services Mass migration and

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general neglect has led to this decline

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but even though you can justify blaming

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them for a lot of it they're not the

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only ones lots of these problems have

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actually been decades in the making

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despite our technology getting more

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advanced and our country is getting so

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much richer people's lives are somehow

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getting worse instead so how is this so

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this is especially happening in the UK F

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prices and rent have risen to ludicrous

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levels shutting Millions out of owning a

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home all these symptoms of Decay have

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hit young people especially hard making

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them apathetic towards a country which

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has taken everything and given pretty

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much nothing in return the world has

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gotten so much more advanced but people

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are still struggling to survive workers

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and factories are more productive but

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there's somehow less to go around levels

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of unemployment um within that

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subsection then people are uh pushed

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into accepting uh low wages and um um

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poor working conditions the whole point

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of a healthy Society is to make things

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better for your children and it seems

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like it's being completely forgotten

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it's a frustrating Paradox which lies at

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the heart of the UK's Decline and to

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find the answer to this Paradox we need

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to go back and take a look at how the UK

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has changed over time how its economy

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has shifted away from production and

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actual goods and how it became the most

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successful tax Haven the world has ever

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seen Britain's historical wealth can

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easily be explained by their empire they

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enjoyed over A Century of near complete

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domination of the world turning the

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country into by far the richest and most

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powerful country owning or managing a

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third of the world and all the we

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they're great will do that but today

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you'd be forgiven for thinking that they

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just been coasting on that build up of

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wealth ever since but whil they might

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have lost over political control over

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their colonies that isn't the complete

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story in said the UK and other Colonial

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Powers outsourc their domination a new

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day in Hong Kong G of the British who

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ruled Hong Kong as a colony for 156

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years and in their place are the Chinese

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complete with a new legislature and

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thousands of troops as they left their

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former Colonial possessions the UK and

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other Western nations would strike a

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deal with whoever ended up in charge the

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O status quo of joining a country's

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resources was kept in place the only

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thing that changed were the politicians

play10:09

doing the Dirty Work local leaders were

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happy to siphon off funds and take money

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out of the system meanwhile using the

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last of their Island colonies in places

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like the Caribbean or Hong Kong the UK

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then set up tax Havens even though these

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places were technically out of UK

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jurisdiction it was all a smoke screen

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the UK and the banks that called them

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home were still in charge and they used

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this lack of overide to set up a system

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of secret trusts using these agreements

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anyone well connected with the right

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people could secretly store their money

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away from prying eyes it's a simple

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system when you get past all the things

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they put in place to make it seem

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complicated whether you're a corrupt

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official from a newly independent

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developing country or just a drug dealer

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you could store your dirty profits

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through the system the UK and their

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Banks could hang on to the money using

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it to grow their own fortunes until you

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needed it again this system was so

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successful it fundamentally transformed

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the entire UK economy in a process

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called Financial ation one Barkley

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Professor estimates that over5 trillion

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pound is tied up in tax havens of which

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the British control the largest silver

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of the pie other estimates put the

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figure closer to 20 or even 25 trillion

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and we have no real way of telling

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however it was clear that Banking and

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finance became the way the UK made its

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money while actually making things

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slowly died out it's how London became

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so much richer than the rest of the

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country the glass skyscrapers at its

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center with the Beating Heart of the

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system but how did this make the UK poor

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over time if so much money was still

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flowing yeah while the amount of money

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that the UK made from the shift of

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banking was enormous only a small amount

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of it ever gets into the wider economy

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and into people's pockets it mostly

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either stays in the accounts of the

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super rich establishment or disappears

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into a web of offshore Holdings unlike

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regular tax evasion which the tax man is

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Keen to crack down on this institutional

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fraud doesn't get punished the people

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with the power to do something about it

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are the ones benefiting from it when the

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Panama papers were released they

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revealed just one small part of a

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massive system of fraud everyone from

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Hollywood movie stars to massive

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corporations were in on the scam but

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possibly the most shocking development

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in the Scandal was when the father of

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David Cameron was outed by the leap

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documents he had been running a major

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operation hiding tens of Millions for

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his friends and family other top UK

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government officials were also named in

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the documents of course nothing happened

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after the massive League other than a

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few phony arrests years after the fact

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the UK did head a global conference on

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fighting tax evasion but it was all just

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for show as of January 2024 the UK

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hasn't charged a single company under

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the new tax evasion laws they unveiled a

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year after the leak in fact this

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enrichment of the upper classes has come

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at the expense of everyone else in the

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UK with so much money the new class of

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ultrich tax avoiders started buying

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stuff anything which might be a

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profitable investment the most important

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and popular option was housing which

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inevitably sent the prices skyrocketing

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past wages and inflation over 100

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billion PS worth of property in the UK

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is secretly owned instead of finding a

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person or a company when you follow the

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paper trail you'll inevitably get led to

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an offshore shell company meanwhile

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Government after government has put up

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more red tape and barriers to new houses

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being built as the less houses there are

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overrule and the higher the demand is

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the more their Investments are worth

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it's a one two punch that has ruined the

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next generation's chances of owning a

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home before they're 40 if they're lucky

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but it wasn't enough for these people to

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siphon off the money that the UK was

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making there was more money to be made

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by squeezing the revenue out of the rest

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of the government a survey for the

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resolution Foundation found that 11% of

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Britains the equivalent of 6 million

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people hadn't eaten when hungry because

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they didn't have enough money for food

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as you might have noticed Britain seems

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to be in a permanent economic crisis

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ever since the 2008 financial crisis and

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especially since brexit growth has been

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slow productivity has been stagnant and

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the UK's public finances have been under

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permanent strain and that's not the only

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issue look at the Gap between rich and

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poor and you can see the UK higher these

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bars are the more unequal the UK is much

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more unequal than many other countries

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uh around Europe particularly northern

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Europe uh particularly the nordics key

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services like the water system and the

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trains had been sold off years ago but

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the world connected people in charge

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began squeezing as much as they could

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out of them even if they stopped working

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properly and even if there was sewage

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leaking into the rivers or a NeverEnding

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series of strikes it didn't matter they

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weren't the ones suffering they were the

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ones profiting lots of these policy

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changes have come under the conservative

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government of the past 12 years but

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they're not the only ones to blame while

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the labor party might not be so obsessed

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with cutting Public Services they also

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can't rock the boats over tax evasion

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last time they were actually in

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government one of the things that

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brought them down was a scandal over

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taking money from the public treasury

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they had been charging the government

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itself for their own luxuries and second

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homes their only problem was getting

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caught they should have stuck to show

play14:53

companies and tax evasion rather than

play14:54

being so obvious the whole offshore tax

play14:57

evasion system began as a way for the UK

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to keep its implicit control of

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developing countries after they had

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gained independence it meant they could

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keep raking in profits from their

play15:05

resources and Labour pools but over time

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it turned into a Feeding Frenzy the game

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was to see who could suck the most money

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out and keep it for themselves nothing

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was sacred every public service was

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systematically drained and the profits

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were used to damage the UK's economy

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even more eventually this process of

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financialization brought Britain of its

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old production-based economy whilst

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offering nothing in return all the money

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floated up to the top and we're seeing

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the results of this in the modern UK's

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crushing inequality lack of policing

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crumbling healthc care system and lack

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of affordable wages greed has no limits

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and letting it carry on forever can be

play15:39

disastrous if tax Havens aren exposed

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and their funds aren't put back into the

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UK economy the country will continue to

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Decay until it inevitably

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collapses if you enjoyed this video and

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you want to learn how to make videos

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like I do on this channel well I'll show

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you behind the scenes stuff and how we

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videos in the first place how I grew the

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channel to have over 1 million

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subscribers you can join me in Moon

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Related Tags
UK DeclineHealthcare CrisisEconomic StagnationSocial InequalityNHS Waiting ListHousing CrisisTax HavensOffshore BankingPublic Service CutsPolitical NeglectYouth Apathy