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Jordan Weissmann
@JHWeissmann
The UK is truly a cautionary tale for how a rich country can sabotage its own economy. In the years before the global financial crisis, Britain's per-capita GDP was about even with the U.S.'s. Fast forward two decades: They're 40% poorer than us and think 5 Guys is "posh."
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Kate Ferguson
@kateferguson4
Love this story 🍔 Greedy civil servants caught trying to buy posh Five Guys burgers on taxpayer-funded card Their order was declined - b/c their government credit card was turned off in waste crackdown. Cabinet Office froze 20k cards thesun.co.uk/news/34303255/
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Jordan Weissmann
@JHWeissmann
Anyway, the U.S. had better course correct ASAP if we don't all want to be sitting around, gawking at the bill from some mid-tier noodle chain founded in Shanghai 20 years from now.
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Hussain
@huspsa
Though the Trump Tariffs are the US going through Brexit and the Liz Truss mini-budget all at the exact same time.
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Kyle Butcher
@KyleButcher
I agree [obviously] with the 40% point. But the 'Five Guys is posh' is really an artefact of the British left-wing press who LOVE this kind of 'hair-shirt' attitude towards any Ministerial/Civil Servant spending whatsoever. There is a wider cultural issue re. attitude to wealth
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Michael Hay ⏸️
@MikeFHay
This is an exaggeration. Britain's per-capita GDP was not "about even" with the USA's in 2007. It was 84%. It is true that Britain has lost some ground, and now has 73% of America's GDP per capita.
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Alex Maskill
@AlexMaskill
The "posh" thing has a slightly different valence than the "expensive" thing, it's this media idea that proper working class British people (admirably) haven't learned or adapted to anything new since the 70s, so anything newer than that is a perverse, nonsense bougie affectation
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AndyD🇪🇺🇬🇧
@wihtwyrd
Stupid choices like austerity and Brexit did uk no favours. It’s amazing what harm bad leaders can do. Tariffs are a great opportunity to tackle this GDP imbalance if Europe is willing to stick the knife into Uncle Sam.
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Kat 🏳️‍🌈
@Kat_Says_Stuff
That’s what happens when you put tariffs on your biggest trading partners. America should learn from that but they won’t
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Adriano Farina
@xorgol
The actual story is that the US pulled away from everyone else. I expect the current crash to eventually cause a regression to the mean, but *that* is entirely self-inflicted, the growth in the Obama and Biden years was a genuine achievement.
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Right Sided ↘️
@realcalpol
There was almost a $10k diff in 2006 and it's historically always been higher in the USA. A 30% difference is not unusual in this ebb and flow. Granted this is at at the higher end, but it is trying to blame one era, for it is nonsense.
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Iam Morbius
@MorbiusIam2023
You probably haven't notice how much more expensive 5Guys is compared to the other junk food chains. That's ok, you were in a hurry to post something meaningful on Twitter and didn't have time to notice the nearly 10 dollar fries...
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Rev. Baphomet
@99_baphomet
5 guys is not ‘posh’. We have less five guys in the UK than other popular American fast food (Mc Donald’s, KFC, Burger King, Subway, etc.) and the food quality is marginally better/prices higher than the others. This person is just calling Five Guys posh for political points.
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