Comments by "Paul Aiello" (@paul1979uk2000) on "The Invisible Hand" channel.

  1. What went wrong is simply, the Tories got into power and stayed in power for an extended amount of time to really send the country into the gutter, and the list of achievements from the Tories is as long as my arm when it comes to making a mess of this country. But if I'm honest with myself, we only have ourselves to blame, we've had countless elections and yet the people kept voting in the Tories, we had a referendum on the EU and decided to leave, and there are countless other failings, the main one being that for some reason, the British people don't hold our government to account on their lies and broken promises, we saw enough of that with Brexit and it's quite shameful. Basically, the failings in the UK are because of the British people, and I know a lot will want to blame the government for the mess, but the truth is, we put them there and they are a reflection of the people, if we vote recklessly, we are going to get reckless results. But in any case, the cracks were showing before the Tories took power, it just went into overdrive once the Tories were in power, but there might be a light at the end of the tunnel now that Labour are in power with a big majority, and they are going to need that big majority to push some major policy changes to get the country back on track, and honestly, they've got a mountain to climb, but I feel now the worse is over with the Tories being out of power that were lurching from one mess to another, but we'll see over the coming years. What the UK needs is some major restructuring of the economy, less dependency on the service sector whiles investing more in other sectors, the UK also needs to repair relations with the EU because Brexit is doing harm to the UK economy and reputation, and now that we have a Labour government with a big majority that can push through big policies, I don't expect to see big improvements for UK citizens for many years to come, even if the government pushes all the right buttons, because the task at hand is big and we are talking years, if not decades to repair and rebalance the economy.
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  2. Italy needs two things, it needs reforms on the political side to try and create a more stable political system that helps to reduce corruption. On the economic side, Italy needs some major reforms, they are falling behind other EU countries and other modern countries around the world, and unless anything changes, will continue to do so that it wouldn't surprise me if Spain and many of the eastern EU countries become bigger than Italy on a GDP per capita basis. I think another part of the problem in Italy is the blame game, too many times we see Italy and Italians blaming others for how things are, whether it be the EU, the Euro and so on and the truth is, the EU or the Euro are not the problem, other countries in the EU and Euro are doing fine with it, the real problem is deep-rooted in Italy, hence the major reforms needed politically and economically, otherwise I feel Italy will fall further behind other EU countries. The irony is in all this, Italy wasn't the only country to use the blame game, the UK did the same thing which led to Brexit, now the UK is getting a valuable lesson in that the EU was never the problem, the real problem in the UK started with the financial crisis, too much austerity measures and under-investment, which is creating a sense of decline in the UK which many are noticing, but in the case of the UK, they also did a lot of self harm by leaving the EU. As for Italy, I really do hope Italy gets back on track, being as I'm half Italian living in the UK, but getting back on track isn't going to be easy and won't be a quick fix, it's going to take some time to really see the impact, but you've got to start somewhere, if Italy starts doing major reforms now, it should start to pay off over the next 5 or 10 years, whiles also putting Italy on a better footing for the future. Also, this is one of the best videos explaining the situation in Italy, I hope a lot of Italians get to see this, as eyes really do need opening.
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