How Ireland Is Quickly Becoming The Richest Country In The World
Вставка
- Опубліковано 24 чер 2020
- If you were to take a look at the wealthiest citizens in the world in the 1980’s, you would have seen the tax havens like Monaco, Switzerland and Luxemberg, at the top of the list, you would have seen economic powers like the united states and Germany at around 13-14th richest. And all the way down at number 28, past countries like Greenland, New Caledonia, and Andorra, would be the country of Ireland.
But today, That list looks a little bit different. As Ireland now has the 4th largest GDP per capita in the world, and of countries with over 3 million people, Ireland is the 2nd behind only Singapore.
But it wasn’t always like this, you see, Ireland just 100 years ago was considered by many to be a third world country.
In the 1920’s, greater than 90% of Irelands economy came from agriculture, and most of its working population was composed of poor farmers. And after Ireland gained its independence in 1922, it only had one trading partner, which was the U.K, and virtually all of Irelands exports were Beef and Dairy.
Now at this point, Ireland was falling behind the rest of the world in regards to its economy and technology. So it decided to try a new economic policy.
The Irish saw that during the great depression, the countries that were being hit the hardest were the ones with a free market. Meanwhile, countries under communism such as China, and the Soviet Union were actually experiencing economic and industrial growth during this time.
So…the statesman Eamon de Valera decided to take some of the ideas from the communist regimes. Ireland soon nationalized and monopolized a large portion of its economy, it banned most foreign investment, and put high tariffs on all goods from other countries.
These policies were supposed to make the country self sufficient, and help rapidly industrialize the nation. But that is not what happened.
You see, the first thing that happened after these economic policies were put in place was that the Irish began leaving the country at faster rates than they were before. In fact between 1840 and 1950, the population of Ireland went from 8 Million all the way down to 4 Million. Although the potato famine of 1845 played a role in that as well.
The second thing that happened was that the Irish policy makers ran into a problem. You see, in order for a country to become industrialized, they need all of the resources required to build things like factories, ports, and modern buildings. And for large countries with tons of resources like Russia and China, that was not much of a problem.
But for a country like Ireland which is 0.49% the size of Russia and 0.88% the size of China, this would prove to be troublesome for the small European nation. And even if Ireland were to be abundant in all required resources, it would have been very difficult to build an industry around each one of those resources because Ireland’s population small…and less than that of some cities like New York and London.
One interesting note is that because the Irish took some of the ideology from the west and some of the ideology from the east, it actually was one of the very few countries that stayed neutral during world war 2.
Anyways, over the next several decades, the nationalistic economic policies would prove to be disastrous for the Irish economy, as there was very little economic or industrial growth during that time compared to the rest of the European world.
So…as virtually all communist countries have done…they decided to change their economic policy.
In 1957, Ireland began accepting foreign investment, they slowly began opening up more to international trade, they started investing heavily into education, and they began selling off many of their state owned companies.
in 1973, Ireland joined what would become the European Union, and this was viewed as the beginning of Ireland becoming a modern economy.
However, things took a little bit of a turn.
You see, a combination of an oil crisis, uncontrolled government spending, Bank strikes, and extremely high taxes, upwards of 50% for the average person, led to one of Irelands worse economic downfalls in its history.
End of transcript. too long for description.
Discord:
/ discord
My Gaming Channel: / @attikagames1160
Want some Advice? Ask Me on Reddit!
/ jackchapple
My Personal UA-cam Launcher Course
jackchapple.mykajabi.com/YTL
My Personal Investing Course:
jackchapple.mykajabi.com/SMM
Personal:
On Tik Tok: @jackchapple
On Reddit: / jackchapple
On Instagram! / jack_chapple_real
On Twitter! / jackchapplesci
On Facebook! / chapplerei
CONTACT:
For Collaboration Inquiries ONLY: jackchapplevideo@gmail.com
Podcast:
Hey Everyone! Wow we are at 326K!!! Ahhh I love you all! So..for this video...THERE WAS A TON that I had to leave out about Ireland, its history, and its economy. I am trying to keep my videos to under 12 minutes, and my full video would have been probably 18-20 mins. So If I left anything out, i'm sorry, and maybe leave a comment with what you thought about this video
Ireland is a ponzi scheme. Everything is going well until it’s not and then they pretty much go downhill hard.
@@aussiegod4269 Someone doesn't understand what a Ponzi scheme is 😂😂
except Qatar LOOOLZ
You mention that the economy is 20-25% artificially inflated, which is true, but you should also mention that the Irish people benefit from this because these companies which are inflating the economy are paying over €10 billion per year in corporation tax...which is spent on the Irish people. So it's not entirely true to say that Ireland is not as rich as its GDP suggests. There is a correlation.
Please please do not say the potato famine as this was the only food that was a problem every other crop was fine so no not a famine but a genocide orchestrated by the English .
As an Irish man all I’ll say is this is absolute nonsense.
Yep - But it sounds really good!
What part is nonsense; the size of Ireland's economy is artificially exaggerated by the presence of foreign multinational capital in Ireland and the Irish exchequer benefits considerably with corporate tax revenues for economic activity that is not actually taking place in Ireland. What part of this is "nonsense"?
CJ Barber are you Irish? How is your bank account? How is the majority of Irish people’s bank accounts? Ireland’s corporations have the money. The people don’t.
@@kmc1648 So essentially you're saying the same thing that the video is saying; that Ireland's economy is artificially inflated by the presence of multinationals which doesn't have a commensurate impact on ordinary citizens. If that's what you're saying, why did you say that the video is "nonsense"?
CJ Barber all I’m trying to say that the video can be easily misleading saying it’s becoming one of the richest countries in the world. Why bother trying to argue with me?
Can somebody tell my bank account that I'm living in one of the richest countries in the world, it doesn't seem to have caught the message
U got a few grand cash in bank in US ur above average.
Go to school
honestly i feel u that’s the exact same thing about me
Here here
Don't you hate these fake ass videos...
notice none of the research comes from actual citizens of the country...
THIS IS JUST ANOTHER FAKE VIDEO...
TRYING TO BRAINWASH PEOPLE INTO BELIEVING CONVERTING YOUR COUNTRY TO COMMUNIST WAYS WILL MAKE YOU AND YOUR COUNTRY RICH...
NO!!
it will only make the already rich...
Richer..
And all regular citizens fall into poverty..
Think CHINA...
If you dont live in a communist country...
you better stand together and fight like hell to prevent it from happening...
all that try to suggest it..
shoot them with a tranquilizing dart and ship them to china...
let them wake up with a note in their pocket that reads...
if you want to live in a communist country... you have your wish...
DON'T COME BACK...
Ireland has so much history, that you wouldn’t believe
A stupid amount of history
Well, if you funnel tech giant like Apple, Google and Facebook income through a small country like Ireland for tax dodging purposes you get an inflated GDP/capita, hence other countries like Luxemburg and Switzerland also have high GDP/capita numbers. That does not equate to Irish people being wealthy. Ireland were on the brink of going bust in 2008 and got bailed out by other EU countries.
It did bust in 2008. So did the US, the EU and most of the other western countries. It was a global economic recession caused by the property market going bust.
@@hubertmenschubermensch2985 The US did not - it did not neet to be bailed out stop lying. Ireland's tiger economy died but even though the Irish begged the EU and UK to contribute to it's bail out it never changed it's pathetic tax rates and stole tax oney that rightly belonged to other nations.
@@georgebishop4941 Never said the US needed to be bailed out (its the largest economy on earth). It did go bust though, which is why they passed the emergency economic stabilisation act... which was effectively a bailout.
It was an EU-IMF agreement not "EU and UK". You realise it was a loan that has in fact been paid back - in time (27th of March, 2021)
@@georgebishop4941 Corporate tax rate is an issue for individual countries to decide and does not need to be justified to other countries, the American system allows for the largest companies to pay no tax through all its various write off's. Most of the powerful countries, US, UK, France etc, have built their wealth through centuries of plundering, Ireland on the other hand has outsmarted the rest.
These MNCs increase our GDP astronomically our GNP which is the money that stays in Ireland is very low compare to our debt, I’m 21 and I’m planning on moving because cost of living is just so high it’s tough for us working class in Ireland because a very small percentage of our population is used to portray our social-construct when most Irish people are really struggling to afford a roof over their head.
Might as well talk about Qatar being the richest country in the world. While 90% of the population are slaves and lives on a few dollars a day.
sounds like America !
@Groyped and the biggest debt!
North Korea is the poorest for the slaved population.
@Rory O'Neill
Qatar,,slave trade is stil alive.
@Rory O'Neill he is refering to the foreign workers, who are not 'citizens', and will never be
That is the single worst pronunciation of Eamon DeValera I've ever heard!
Easy there, he probably hasn't watched Michael Collins
Someone mispronounced something not from their own culture! Say it isn't so!
And are we angry about it? never
eemon devourer
@Ginger Nutz was he American, if so then our history books are the biggest pile of shite ever to exist
Just a shame that none of us younger generations get too see the fruits of that growth. I'm 23, make 650 euro a week and its still impossible for me to afford rent or a car
Another excellent video. Your understanding of this subject is exceptional.
"Ireland is rich" emphasis on the country not the people.
Gpd per capita left the chat
Rich in sheep and cows maybe.
Bro we ain’t broke either. We’re fairly average if not a good bit above average. You’re acting like we’re some 3rd world country that’s gone back to 90% farming
Human Development Index left the chat
@@Darren0604 ya we definitely are not rich rich but we are most certainly not broke
0:42 "Ireland 100 years ago was considered a 3rd World country".....there were no 3rd world countries before the cold war man 😂
Ya i was looking for a comment like this
lmaoo
Terms change over time, the term "3rd World countries" can also mean "developing countries".
@@samuelb1004 They don't change, it's just that people that use it the most don't even know what it means 🤡
And do you have to go back so far? Early 90s was still pretty harsh for a lot of people
I'm so proud of my country
My gosh. Most people leave Ireland because it is so difficult to live there. All I have ever known is struggle.
Every Irish person rolled there eyes when he pronounced "Eamon Develera" 😂
Not me don't give a bollocks
I actually caught fire
I think they would've rolled their eyes a lot earlier when they saw the title of the video.
I can say this is 100% true
I was laughing my ass off and rolling my eyes at the same time
Lol I'm irish🇮🇪and did
Ireland isn't richer, just had lots of corporations that artificially increases Ireland's GDp
Yea but it helps because they are able to employ members of the Irish population. And they employ a lot of people.
u watched the vid also?
Mmmmmm
Short answer of the main question: Ireland grab taxes payment from all European countries making a personal discount for big companies. You got bitten by a leech and you continue to let them do their job. Irelands steal lot of billions from other countries just for being a partner in crime. Europe: we are together but we stab each other in the dark. 😂
@@shadow6687 agree. The U.K. has now left the gangster union. Now any large companies trading within the U.K. must pay UK tax rates instead of the 7 to 10% Irish rate. Roll on Brexit!
To sum it up: Ireland is becoming one of the countries with the highest gdp because it is a tax haven for large coporations. So it is helping large tech companies to avoid taxes in other countries.
Not true
No.
@@Buildbeautiful of course its true. educate yourself
@@hugh.g.rection5906 telling someone to educate themselves without valid reasoning or sources isnt very convincing
@@trollinape2697 remain in ignorance then. really makes no difference to me
Love Ireland from India ❤❤🇮🇪🤝🇮🇳
“I should mention that the potato famine played a major role in this”
Sis the potato famine didn’t play a major role it was the cause of it
sis? Okay buddy...
sis is sus
It was weird though.. he was talking about Devalera and then started talking about the famine..
@@paraic9163 he made it sound like it was devalaras policy even though he wasn’t born and those communist countries hadn’t existed yet
@@adamk828 yup.. really poorly scripted
And yet people stay living at home into their 30s and there's a housing crisis.
no housing crisis in limerick
@@JamesDalton-od4jn yea we are not back in the days where you could have got a big house for only 7,000 euros. Its not that easy now same with university does not guarantee you a job like it did back in the days. Your competeing against millions that already have a degree.
@@JamesDalton-od4jn my dad was a chef, and could afford a house in Ireland in the 1980s very hard to get a house now on a chefs wage
@@JamesDalton-od4jn Ignorant. People working years can't afford houses. But sure just say it's because people go our drinking. Houses cost a lot more than when you got yours. Office jobs out there giving educated people 20k a year a decent house is 500k.
@@JamesDalton-od4jn people love at home because there's a housing crisis, not the other way around. I'm not talking about dole scrongers. Teachers and office workers live at home into their 30s. Can't afford to save and rent at the same time
Lmao I live less than 15 miles from the Irish border, this is total bullshit and anyone who knows about Ireland's economy knows this. Look up just a single article on it. In fact the "miracle" as this video called it since the 90s has caused so many financial problems to Ireland while making foreign billionaire's richer. This model is already causing the downfall of the country.
GDP is a meaningless metric in Ireland compared to other countries, it's all artificially inflated using predatory tax incentives. It's dodgy practices and a billionaire's dream. The money just passes right through, it doesn't stay in Ireland.
It doesn't affect the Irish people. Northern Ireland is by far the poorest part of the UK but it doesn't get richer when you cross the border. I could walk to Ireland right now.
Also I stopped watching at that pronunciation of Eamon Develera lmao
UA-cam needs to take this down for misinformation, it's so unbelievably wrong it's insane. The fact some people will believe this without question because it's in video format by a random American is sad. Do your own research. Looking at the GDP per capita rankings on Wikipedia and then filling in the blanks yourself by guessing is a bad idea.
That's funny I'm a border boy too. He does by the end of the video explain that the GDP is a flawed metric for Ireland, but I agree the pronunciation was rough.
Or maybe just maybe watch the video until the end?
Greetings! Dude! This is ten times longer than it needed to be! Best of luck!
Ireland: we have 17% unemployment, this is the worst
Spain: *Hold my olive oil*
@AdolfHitler 88LonglivetheReich that's really a shame, to be honest. Although most of it is not really imported, but illegal immigration!
@@Alvaro1ization well, at least that is what you're told
Low unemployment isn’t everything, Cuba has no unemployment but they’re still really poor
@@lukaspersson4051 Currency doesn't hold the same importance in Cuba as it does in Europe or the US. If they get sick they'll be taken care of immediately by the best doctors in the world. In Ireland, unless you pay through the nose for Private Health insurance you'll be put on a waiting lists for 2 years - I'm not exaggerating. Different priorities.
Or as Leo Varadkar would say '''''!!!! Hold my Vaseline """""
Also worth adding that Ireland has a lot of national debt. Third highest in the world per capita behind only the US and Japan
@@aidan7936 That may be true, but GDP is misleading as this video indicates. Ireland's high GDP is as a result of all the tech companies that have established international headquarters in Ireland for the low rates of tax. It has little relevance for ordinary Irish people.
@@John-bz3wr exactly. It's like saying the stock market has an impact on ordinary people. This country is honestly quite fucked, 89 percent of the wealth is in land, most suicides per capita for men, public investment only drives prices up for private land because there s no land tax,
Also because there's no land tax dereliction runs ramped in the city's because it doesn't cost anything to hold onto property, which is a horror cause we've entered a scary stage with homelessness because thousands of people are still living in their family homes well into their late 20s and 30s.
As a 22 year old living in Ireland. Future looks quite bleak....
@@John-bz3wr ireland does not have a high gdp he was measuring irelands economy by gdp per capita and it only has a high gdp per capita because of its low population and that shows how misleading gdp per capita can be
Courtesy of the EU..
@@John-bz3wr simply untrue
Hello Jack, thank you for your interesting video.
From Fiji
There are two basic requirements for industrialization: access to sales markets and access to raw materials. The Republic was completely lacking in both, but that changed fundamentally with accession to the EU. Accordingly, Ireland then developed economically.
@1:25 China wasn't yet a communist state during the Great Depression...
China didn’t even exist as a state at that time.
@Super Trap oh yeah? Well, look at the China today, the legacy of Xi.
agree, this 100% bullshit
@@srki80 Xi and mao
@@srki80 China's economic miracle was mostly from Deng Xiaoping, not Xi. Deng is the one that opened up the country and he's the one that said "To get rich is glorious".
Its not real money. It just moves around to avoid taxes in the EU. People never really see it
Shane, Vestager lost yesterday 😃
As an Irish person who works for an American corporation in Ireland, I would have to disagree
@@od9694 It's not an opinion, it's a fact.
@@od9694 Poverty rates would disagree, In 2017 they had increased in every single metric since the GFC.
Now with the pandemic they will only increase further.
With the unemployment rate being down in 2017 compared to 2008 that's very concerning, we should be seeing poverty rates drop in line with an increase of employment not the other way around.
I'm glad your doing well and hope you continue to thrive, but make no mistake the country is in trouble.
@@louiscypher4186 poverty rate continued to trend downward for a number of years after the good Friday agreement ( hitting its lowest in 2005)but then spiked in 2010 as a result of the global economic crisis but has been going down again since then. Unfortunately I think your right in saying it will go up again with the pandemic but it will globally it's also worth noting that although one person in poverty is too many the poverty rate is relatively low
Ireland was never communist and this greatly exaggerates the amount they were distanced from other countries
not really fella, neutrality in ww2 did make you Billy nomates for decades.
Great video, informative and very well made
As an Irish person watching this is interesting to gain a better understanding of how my country achieved such rapid economic growth but the use of video/photos from other countries splices into the video was both frustrating and funny. There are lots of cultural references or locations that simply don't belong.
Hi patricia
Hi illie
Hi quetzali
And then the Celtic Tiger boast and roar? Suddenly ended up as a meow, been in a slump, youth cannot afford housing and rent? Ridiculous! As for De Valera?
Generations born for emigration and abuse via the RC Church. Rose tinted spectacles me thinks
As Peter O Toole said being Irish was the centre of our being.money or no money
My goodness. Some here don't get even the most basic concepts. I'll explain - If the COUNTRY is rich, it DOESN'T mean EVERYBODY living in the country is rich.
Yea just makes it worse ..the fact that the likes of Google are making billions and based in Ireland
Ireland is not rich....but neither is Russia. This is economics for morons.
Despite this income inequality is higher in Russia, France Germany, the uk, and a number of other very wealthy, developed nations.
In his defence he did mention at 9:23 that the money doesn’t end up in the Irish worker’s pocket
A fuck ton of money is generated within Irish soil but most of it doesn't stay in Ireland , that's the problem with Ireland , we aren't Self sufficient , a shit ton of revenue becomes foreign income
You forgat that two bedroom apartment in outskirts of Dublin is 2000 USD, while the minimum wage for full time job is around 1800.
Reading most of the comments, I can't believe the level of negativity posted. I believe this will give a very tainted image to people from the outside, and don't think that is fair. I love Ireland, it is a fantastic beautiful green country to live in. Yes rent is high, especially in Dublin, but that is it as far as major issues concerned. There is no real poverty like in the US where people go hungry and sleep on the streets. Unemployment is low, healthcare and education are free. People are very friendly. Some don't really realize how lucky we are to live in such a magnificent country - a country where milk is much cheaper than water.
I know he’s not Irish but he needs to learn how to pronounce “Ireland, tallaght and Eamon DeValera”.
I near got sick hearing Eamon DeValera 🤣🤣
Eeman devaleer
lol
My 15 year old son had an explosion of yogurt through his nose when he heard Dev's name.
I died after hearing that
Is this video about the country I've lived and grown up in all my life? Ireland - with record homeless, with persistent job uncertainty, with massive unemployment, rent through the roof, and no prospects for home ownership. Where workers are more exploited and paid less than ever in return, where we've seen the return of dreaded zero hour contracts... Where nurses are given applause by the capitalist establishment, but not payment - during a pandemic... That Ireland?
Yes
yep, your poverty is why GDP is so high. its why every few hundred years a people get sick of it and kill all the rich. makes everyone else in other countries behave a bit. I don't understand why the "nobility" keep forgetting, after all they go to much better schools than we do.
@@forlornhope9769 Yes there's a lesson there. Is the School System really preparing us for the marketplace or for a happy life. I'm not sure it is.
@@forlornhope9769 but ireland doesn't have many people in poverty that's just the objective truth
This channel is full of misinformation to make few bucks from youtube
As an Irish person living and working here it was great to hear we are the most productive workers in the world per GDP. So there.
google Microsoft GDP Inflation
Paldies par informaciju…..
Ireland has several corporate headquarters so that means big executive salaries and tax havens are skewing the "per capita" wealth metric especially since they have a relatively small population.
It's not the salaries of the high earners that effects this, it's the GDP increase these companies cause compared to the relatively low population. GDP per capita is the discussion not average wage
What's the gini coefficient and actual real wealth distribution to the masses? Just GDP per capita means nothing
@@amit4Bihar Irelands gini coefficient is .314, which is pretty good. Median personal income is about 30kUSD per annum, comparable to France or Germany and about 5kUSD per annum ahead of the UK. Ireland's GDP figures are inflated by multinationals, but nonetheless its still a pretty great place to be even by European standards. HDI is the second highest in the world behind only Norway, and HDI uses average income figures rather than GDP. There are sector-specific issues with housing and infrastructure that cause major problems but on the whole its a pretty great country.
See 6:42
Yes and that's nothing special or to be proud about. One single sanction against Ireland and it's back to stone age. So it will do anything US and EU says.
Damn, I must be imagining all the homeless
That's not what the video was about not that Ireland is a perfect country but that we have made unprecedented progress in a ridiculously short amount of time and are on the trajectory to continue this
There is an extremely small number of homeless in Ireland.
@Rory O'Neill Wtf drug addiction is a problem globally wherever there is demand there will be people providing a service.
And nowhere in travellers been an ethnic minority has did it say guards can't touch them
@Rory O'Neill a guard can be pulled up on harassment dealing with anyone but it requires proof for anything to come out of it and I would think that's a very good thing.
I think we are stuck in a cycle with travellers as soon as they go to school everyone in the school expects them to drop out hardly anyone would give a traveller a job because they are a traveller and a lot of businesses wouldn't even serve them so what do we expect to happen of course they are going to get involved in crime if everyone else treats you like a criminal why not be a criminal if we are ever going to fix it someone has to break the cycle. I think the best place to start is by not using the word knacker
@Rory O'Neill you're condemning tens of thousands of people because of 3 anecdotal stories I could give you lots of examples of travellers not wrecking a bar, there is a hotel near me in Wicklow that actually allows travellers weddings so they all behave themselves because they know if they ever want somewhere to get married they won't accept them if they destroy the place
I'm not gonna lie the way you pronounced eamon de valera was funny but great video 😄😄😄
*I have traded with alot of individuals but i have never come across anyone as good as Mrs Maureen applying her stratergies, i now trade indenpendently..she is the best id advice any novice in investing to trade with her*
I'm so happy ☺️ my life is totally changed. I've been earning $30,000 returns from my $3,000 Investment every season
will forever be indebted to you😇 you have changed my whole life i will continue to preach about your name for the world to her you have saved me from a huge financial debt with just little investment thanks so much Mrs Maureen
There is really no country restriction in her company,,, I'm investing with her from Switzerland..
The fruitfulness of your trading lies on the account manager or the expert
14days of focus and hardwork can put you many years ahead... I just got into bitcoin trading and investment and I made my profits wish I knew about this earlier, bitcoin is truly a life changer
I'll now boldly testify .. she got very accurate and awwesome trading strategy
I wanted to trade crypto but I got confused by the fluctuations in price
"One interesting note is that because the Irish took some of the ideology from the west and some of the ideology from the east, it actually was one of the very few countries that stayed neutral during world war 2"?
This can only be described as historically ignorant nonsense.
The neutrality policy was decided upon as the only sensible response to what seemed, in 1939, to be another episode of the chronic European bloodletting. It had NOTHING to do with "...some of the ideology from the west and some of the ideology from the east...", and EVERYTHING to do with the survival of the Irish Free State itself...
The political reality at the time was that the Irish Free State was only 17 years old, and the scars of the Irish Civil War were still bleeding.
Politically, there was ZERO chance that De Valera was going to go to war on the same side as the UK, especially when you remember that we had fought a war of independence against the UK within living memory, and most of our leaders had been personally involved in the independence struggle...
The neutrality policy was very popular, and was supported by nearly every politician in Dáil Éireann.
I commend the input of your time and effort here. I just dismissed it because of the amount of inaccuracies and wrong assumptions provided as fact. Irritating as hell, I wonder how much effort/research has gone into this, even some of the stock photos chosen, ...wrong, just wrong on so many levels.
I grant you that was inaccurate but while neutrality in WWII was a result of what you describe, Ireland did not prosper from its neutrality. This part could have been left out.
During WW2 Ireland was recently split apart and the civil war that the IRA fought with the British was still decades from coming to a somewhat peaceful truce. As you said, De Valara was not going to go to war on the same side of the country that was actively fighting against Ireland for centuries.
@@patrickmccutcheon9361
"...Ireland did not prosper from its neutrality"?
And the evidence for that claim is what, precisely?
Neutrality was the only sensible option available to the Irish Free State.
Joining the UK's side in what was seen as just another European war was simply impossible.
Ireland has actually benefitted quite a lot from that policy. Firstly, and most obviously, it stayed out of the Second World War.
Second, it has been an important element in our foreign policy, and has had quite an impact around the world in terms of the acceptability of Irish soldiers in UN peacekeeping operations. Neutrality is an important part of our soft power.
Of course the IRA sided with the Nazis, and tried to open a front against the British in the north. The German rep showed up to help and characterized them as "Ineffective dreamers who lacked strategic realism".
Meanwhile my dad moved to Dublin to go to Uni: "I remember how shocked I was when I went to Dublin in 1943 and saw young men proudly wearing the swastika. We had just been bombed by the Germans for 6 nights."
Then, of course, Nazi war criminals were sheltered in Eire after the war.
More recently it became known that the Irish government shared signals intelligence with the British government during the war.
Cool history. The realities of being a small power are rarely looked at in more populous nations.
1:31 Pronounce his name as Amon Dev-A-Lare-A
4:43 Pronounce this location as Tal-aaa
2:17 Pronounce this as Genocide not Potato Famine
You're first two are true, the last one that it was a potato famine is the only true statement in the whole video.
@@sirjimgreen2275 was genocide mate, brits new exactly what was happening with that bat guano. plus there was plenty of other food being raised and grown in ire it was just being sucked away to there colony's .
@@sirjimgreen2275 yes but there was no reason for anyone to starve . So genocide
People from different cultures have problems pronouncing something different to their culture. Get over it.
@@deckacards do you just not know what a culture is? or is your culture being an ignorant moron?
Very nice
Great video, you should probably find a tutorial on how to pronounce Éamon de Valera. It's more like A-mon D'vul-er-ah.
"Eeemen devalera" word if the week 😂😂
I'm sick of this devil era who is he i guess a singer dancer who cares
Fuck of ya twatty fortnite kid
Hahahaha
* " Dev - ah - leer - ah "
Dev A Ler A not the way its pronounced in here
Biggest problem in ireland now compared to years ago, is the huge cost of buying a house and the cost of rent. Tens of thousands of people cant get a mortgage and are sometimes paying half their bloody salary on rent. If you had any contacts in ireland or other countries, your videos would be more accurate.
Appalling analysis of the country. No clue how things are or were.
Agree. We have a housing crisis. Take for instance, I'm paying €1800 for a 2 bedroom house, a month in rent at South Dublin. Just wish the darn rents were cheaper!
This is hardly a Ireland specific problem, banks around the developed world have been fueling a speculative housing market with easy loans to mum's and dad's property investors wanting their 10th investment property. Every time a first home buyer shows up to an auction they are competing against property investors pushing up the asking price (effectively).
@UpsideGeek how will they rent much cheaper after selling, when it will likely be bought as buy-to-let, and rented out at a higher price? this is exactly the problem?
famillies can afford to pay 150% or more of the cost of a mortgage in rent, but creditline computer systems say they cant afford the 100% payments of the mortgage? why? because a better and safer ROI is a known statistic from buy-to-let investment? Aslong as there is a continuing supply of speculative investment money available, the pricing will not go down? people always need homes, we do not have enough, especially affordable housing. and that demand only increases
Migration certainly isn’t helping
Jasus the way this lad is pouncing his words is something else
Just a tip as an Irish guy, Éamon De Valera is pronounced A-mon De Val-aira instead of Eemon Devalera
do you think Emon is relevant ? it should have been Michael Collins.
This video is such a good example of why you should never trust an "economist"
Wot... like how Alan Greenspan .... when he said there was no way the GFC would happen.
s'why its called the Dismal Science, dude...
Lmao what? GTFO leftie.
Sorry the communist route didn’t work as well as the free market
@@cowboy4378 yawn
As I live in Ireland, I don’t know if Ireland is rich, but definitely the Irish people aren’t. Taxation of income is nearly 45% and renting an apartment in Dublin costs an arm and a leg.
It's nowhere near 45%. You only get tasted at 40 in what you earn over the cutoff rate (about 36,000 for single person) the first 36 is still taxed at 20 though. With PRSI and USC I'd say it's around 30% to 35% on gross pay for most individuals.
Stop spreading lies, it's 20% tax rate up until 36000k income and 40% after that. It's a great place to live
We are rich... Grow up. Have you been other nations? We are richef than the usa or italians in terms of living standards. Equal to the french or aussies.
@@ShaneJMcEntee 36k for living in Dublin is almost nothing you can't even afford to rent your own place so 40% tax is quite a lot if you ask me
Rent prices are murder
For those going after Ireland’s corporation tax status, I would point out that we aren’t breaking any international or European laws here. It’s easy to pick on little Ireland rather than go after a massive and lucrative economy that is actually breaking international law like CCP controlled China, which literally has concentration camps producing cheap goods to facilitate more competitive exports!
Ireland has a pretty high GDP amongst europeans countries. The reason? Their insanely low corporate tax rate, thanks to which lots of companies, most of them american, “profit shift” and declare super high profits there. Every irish citizen knows their country is not the economic paradise described on this video. There’s plenty of articles on this, including one on the economist recently.
ireland and usa are two worse country for living for low-middle class!! you will basically live in worse conditions because of relative low incomes per cost of living then in some significally "poorer" countries on paper which got several times less gdp!!
Exactly. Why might you ask ?. My answer is CORRUPTION IN THE. HALLS. OF. POWER 🔋 🏴 🔌. Charles Haughley Bertie Ahern and all the other Prime Ministers who used their office for Personal Gain not to serve the people 🙄. 😑 🙄.
@@mariecarton8611 classic story, ireland got GDP per capita as Swiss but monthly incomes sre 2-3x lower then in Swiss while prices are around same
What's low-middle class? There's working class and middle class in Ireland, it has got nothing to do with money. American class system is very different to Irish class system.
@@stephenw1799 those with monthly incomes of 1500-2500 eur netto and irelannd BDP per capita or person are 100000+$ or euro but incomes are something on spanish level for good amount of peoples ., i dont count overpayed IT sector,doctors in hospitals ,high ranked engineers,architects,lawyers,judges and similar fancy occupation which are around 5-10% of all high payed population or less
@@Mr11ESSE111 Money is not based on class in Ireland. You can still be a doctor or professional in Ireland, on a high salary but still be working class. There's plenty of middle class and working class people working along side each other in the IT sector in Ireland. Money has no relevance to what class you are. The American class system is based on money.
It must all be resting in Ted's account
He has to fix the roof
@@donallmccrudden4812 and thanks to Jack for wrecking the car 🤣🤣🤣
@@jasonirwin2947 fkn drunk driving with nan's in the back🤪
Boo! DOWN WITH THAT SORT OF THING!
Careful Now.
@@Bazookatone1 where's the keys for the hand cuffs dougal
9:41 did you ever make a video on that "story for another time" ? (On Irish banks using Apples money as "collateral") I really hope you see this comment
As an Irish person I would like to point out that The T at the end of Tallaght is silent
I live in NI and when I visit the south the prices for everything are eyewateringly expensive.
Good point. No nhs either just limited private health
@@mjo3789 Nonsense. The Rep has both a public health service and a private health service, just like most European countries and has better health outcomes than the UK NHS.
which places do you visit? Cavan?
What was expensive? Like food, clothes....?
@@cynicaldrummer286 rent, car insurance,
"As virtually all communist countries have done they decided...." at 3:30.
Slight problem here. Ireland was never a communist country.
You sounded dodgy (maybe biased / having preconceived ideas) when attributing the population drop to economic policy but saved yourself somewhat by mentioning the famine. But forgot about being controlled by a foreign power, war of independence, civil war, etc.
In fairness he wasn't saying Ireland was a communist country. He was say the government adopted some policies they observed most communist countries used.
He never said Ireland was a communist country.
@@markgibney4835 how do u adopt policies from countries that don’t exist in the 1850s? Has time travel been invented?
As an Irish man 🇮🇪 This makes me feel so good about my country thanks
Yes thank us, the other members of the EU, we are paying you to be rich!
Yeah, no, just tax heaven.
@@cirrus1964 as an eastern europian its not their fault its ours
at 0:17, saying greenland. this is actually norway. or more precisely Longyearbyen. on Svalbard. and i know this because i recognize that this is where there used to be a bobsleigh track. which was very fun
That's weird considering I've been on the minimum wage for the past 5 years
And the minimum wage has increased every year in the last 5 years what’s your point
@@eoghanoshaughnessy8919 they also have raised every product price and its increasingly difficult to find a full time job with 40 hours that's my point
Official R.O.F That’s true tbf. The cost of living is crazy in Ireland and housing prices need to come down for young people to have a chance at a decent life, but overall we’re much better off than Irish people were in the past.
Work harder
@@anonanon1934 I'm Irish and not afraid of hard work. The problem is there are no real jobs. Its all a 'service economy'. Which basically means we get to be fucked in the ass as soon as the money leaves.
I live in Ireland and I can tell you that we're not rich the homelessness problem is getting out of control
No we are not the california of Europe
Not really
The real reason is because every leprechaun has its own pot of gold
An excellent video for any econ class
This was valid over 15 years. Now it should be titled: "Welcome to Ireland, country where the government is liquidating middle class people".
@ShiftCtrl85 don’t belittle people besides you can’t talk just like I can’t because there are starving people in Africa
@@bigboi2334 sure there are
Balax
I didn't know you had the tories in power as well
@@consumerbot7980 we bombed thatcher. So. No
What about the Pharma Industry which has been growing since 1973 and almost all of the world's top 20 biotech companies manufacture here
@@seandomhnallosullivan2544 weed doesnt need to be legalised it's super easy to get anyways (well before quarantine)
@@seandomhnallosullivan2544 Lol. They just make their money from hardcore drugs. The lettuce must have fried your brain
Big Pharma are there for the same reason as the Big Tech.
@SavageArfad disgusting
Interresting this period of time is when European union turn my country metric and changed our money. I believe it was a bad deal. My life changed when this happened for the worse. Glad Brixet happened.
Thanks from Slam Bang fishing lodge west coast of Vancouver island Kyuquot sound we specialize in good times
When you try to teach someone something, and than say that Greenland is a country...
Ireland is the best country in the world with nicest people and nature of Ireland is like no where else.
Time to send in the Africans!
Ireland has a large presence and over dependence of foreign companies. This wealth could leave us in a second. 😅
Well currently we're the only country in the EU who speaks English as their first language.
I am not Irish, but I think it was a good decision for Ireland to have a low tax economic policy. Because what other option did Ireland have to grow and develop? tell us
@@panchorr1444 sell cows and sheeps and kerry gold butter and some guiness
I'm 17 and I live in Brazil, Ihave a spanish passport that lets me live in most of europe. I only speak portuguese and English and since Britain left the EU I can't live there, so the only countries available are Portugal, Ireland and Malta, Brazil's economy is crumbling and I'm considering leaving the country, should I stick to Portugal or is Ireland a better option? (also I don't know anything about Malta) sorry for the bad english
well do you happen to have any relatives in any of these countries?
I would say Portugal it has far better weather, better food, and cheaper living costs.
Checked a couple of other Jack Chapple videos, in case this one is an exception. It isn't, sloppy work is standard in the 3 I've seen, and I won't be checking any others.
If you want to acquire knowledge, go elsewhere-there are plenty of diligent and informed UA-camrs out there with motivation beyond making the big bucks.
Good to see that quite a few other commenters have also called this out, saves me having to spell out the many inaccuracies.
"Countries like Greenland, New Caledonia and..."
I stopped rigth there.
Other very real countries include: texas, French Polynesia, and the Falklands
Knowing Greenland, this 28th placement is BS. More than half GNI of Greenland is from financial help from Denmark. Basically Greenland is 3rd world country without Denmark.
Ireland is one of the very few countries that has a smaller population now than it did 175 years ago. It still has not recovered from the effects of the famine.
Its not the famine. China had a gigantic famine in the 1960s.
The effects of Genocide
Not only that Irish people are becoming a minority in their own country 🤣🤣🤣🤣
The richest countries in the world are all in population decline.
@@tomgu2285 who’s moving in that Irish people are a minority?
I didn't know my home country Ireland was that rich😳🤣🤣🤣
It's not
the country may be rich, but most of the people certainly aren’t. in my generation alone, there’s a lack of housing or college accommodation anywhere and the cost of living is skyrocketing. the public transport infrastructure is less than bare minimum and most job opportunities are either in cities (leaded to populations in rural areas declining) or abroad. And don’t even get me started on the fucking healthcare system, or lack thereof, especially the abysmal mental health sector. personally, coming from a very rural area, every town and village is dying, just at varying rates. everything is car based, so if you can’t drive (like me) and you’re not in a city centre, you’re fucked. i, along with hundreds of others, literally can’t go to college next year due to the lack of accommodation and the shitty public transport making commuting near impossible.
And that’s just the overarching societal problems, once you start getting specific it just gets worse. The huge number of cases of violence against women (and a lack of proper justice), the… *chaotic* response to the pandemic, the racism, hell, even the demolishing of well known buildings in dublin (pubs, clubs etc) to make room for more fucking hotels just add to the feeling of despair and desolation. how can i be hopeful for a future with such shitty foundations???
but i don’t hate Ireland. ik this all sounds very negative (cus…it is) but it’s all made worse by the fact that we all know that this country could be better. the average Irish person may not have a lot of political knowledge, but by god, with a bit of common sense and empathy that most people possess, this country could be so much better.
we have such beautiful landscapes, and beautiful culture to match. our music and dance traditions are worth their fame worldwide, and we have such a beautiful language that deserves better infrastructure and use. 99.9% of Irish people are filled with respect, generosity, intelligence and a great sense of humour. there’s so much to be proud of; i just hope we can make ourselves proud
idk it’s 3am why the fuck did i write an essay ive got shit to go in the morning gnight
Unfortunately for the average Irishmam, they will see none of this wealth!
The Irish are doing very well
@@Ghrainne I agree. The problem is that Ireland is also a very expansive place to live. When you're working it's fine but the unemployment benefits are a shame. Never mind the housing crisis and the overwhelming rents. I'm doing very well myself but there are people out there struggling too.
Well it’s hard to believe that Apple is having a meeting one day and someone is suggesting „Hey, we should move our business to Ireland so people there can become wealthy”. Those giants are too smart for that. The bigger you get, the bigger department for tax minimizing you have.
@@Ghrainne can't agree with you. The Irish own nothing, the amount of debt per capita it is huge... everything it is bought through loans and mortgages...so basically we are slaves on our land.
@@MeadeCora Social Wellfare gets abused, the people that legit cant work should be cared for. But I genuinely believe that if people can work and are still scamming Social Wellfare they should get very long prison sentences
The cost of living in Ireland is crazy, and there's few jobs. Anyone who wants to make a life, goes abroad.
it also kind of depends on where you live in the country tho
That’s such a lazy attitude... Ireland had full employment before the pandemic so if you couldn’t get a job here it’s because you were a waster that was unemployable
@@podge5555 That's true. Job quality is pretty poor though. Most 20-35 year olds in Ireland are cleaning restaurant floors and tables rather than earning above 50k a year sitting at a desk.
@@MrTubeYouTheif That's not really true, there's plenty of good quality jobs here for younger people here if you study hard enough. There are Irish people working at cleaning restaurant floors etc, but the vast majority are migrant workers from eastern Europe and Asia..
@Sophia and coco the pug Happy pug have you seen the rents for places in galway and Dublin etc absolutely fucking ridiculous
Did he claim socialism didn't work because Ireland isn't as big as the former Soviet union or communist China? As if socialism worked in those places? Lol
Interesting. Regardless is the property in Dublin or rural area, the 2 bedroom house rent exceed €2000 per month, when warehouse, cafe, cleaner, security worker earns €1400 per month. Fish and chips cost €11.
Everyone I know below the age of 35 is screwed for cash, especially if they live in Dublin. The country may be rich but the young people might as well be on the breadline.
1. This is sort of common in most fast developing societies, or even societies in general. I heard that even in Sweden young people sometimes struggle with income not covering cost, etc. The thing is it either take time (a very, very long one) or regulations to ensure the wealth is more evenly distributed, the latter usually discourages business expansions. And also, there're always people who're better at 'playing games', any games (although for different rules there're different groups of people who know how to play that specific 'game'), hence it's actually really easy to have some 'rich people', while in a rich society there're still people who're 'poor' and struggling.
2. Having achieved a lot doesn't mean a society is perfect. Actually if a society is developed in such short times, you would expect a lot of imperfections.
@@davidfreeman3083 there must be a fesiable way to eradicate poverty and absolute poverty in a way that still allows for the markets not to shit themselves. Cause you need businesses for jobs obviously. For me a good start would be to lower rent prices.
To respond to your second point it seems that that's fairly true as china's a perfect example of that.
Lockdown has shown that business have been more productive when their employees work from home. And counties have been welcoming businesses and people coming from Dublin. Dublin is too expensive. I thank god that I live in a rural area. One of my friends recently moved their business and themselves out of Dublin and got a office in sligo instead. It's much cheaper and it is a better place to live imo
@Rory O'Neill you got a link to statistics for those accusations?
@@stepheng130 the west of ireland in general is lovely. Been to sligo once and it was really chill.
It's funny how we all had to leave ireland because we couldn't get jobs
And the famine ffs lol
Let's all go back!!!
It's not Ireland anymore
@@gitzersmitzer4516 What do you mean its not ireland anymore haha
We migrated from India and we got good paying jobs
I wanna work there someday according to Google survey ireland got the highest English speaking in europe 👌
Ah Noglas channel growth is directly related to the economy.... interesting
"Statistics always remind me of fellow who drowned in a river where the average depth was only three feet.
"
Absolutely Brilliant reply
Well said!
The 'potato famine' reference should be said properly, 'attempted genocide from the British empire'
It was never attempted genocide. How come there are so many Irish people scattered around the world. It was the Whigs experimenting with free trade. The Tories being one nation Tories would have shipped in food. The British Empire never forced the Irish people to practise monoculture. The potato is the lazy man's crop. Does not require much manual labour input after the earthing up. So leaves the Irish worker free to go work for somebody else. The British Empire did not force every body to grow the Lumper potato. Nor did it import potato blight. This was likely an American Import from potato peelings thrown overboard by and American sailor as the blight reproduced asexually. I short the potato famine was a self inflicted disaster caused by biological ignorance. Very few if any knew anything about the problem.
@@donaldboughton8686 wow where did you get this information . The potato was used in Ireland as a result of the subdivision of land. It was the most space effective food and it was the only food that could feed big families in many cases. Did u make this up or what I’m genuinely confused.
@@donaldboughton8686 not even getting into the negligence of Britain
@@donaldboughton8686 is this an English lad trying to tell me my own countries history? Go and do one
@@donaldboughton8686 the British government cut off all food supplies into Ireland and then any crops we could grow they got taken and shipped to the UK, please go educate yourself you absolute moron
Jaysus lad, that bastardisation of De Valeras name just killed me.
Glad to see something about my home country
The cheek of apple when there’s not 1 Apple store in the Country they are all 3rd party retailers
I believe that’s for tax reasons.
Can you do a video about the economic disaster in Lebanon.
And can you do more videos about Canada. and do you think it's positioned to weather the coming economic storm.
I want to preface this with the info that I may not be trustworthy and there are many many factors that contribute to how a country fairs in an economic crisis.
I do not believe Canada will fair well, at least in the short term, until the US economy recovers. Before COVID hit, 75% of Canada's exports were to the US, and 64% of their imports were from the US. This is a crazy amount of trade dependency (probs not a real term), and means there is very diversity in Canada's trading partners. Think about how, when investing, you don't want to put all your life savings into one company, because if it ever fails, you lose everything (imagine investing in blockbuster in 2000, only to see it fail 10 years later). The reason for Canada's trade being almost entirely with the US is because of the NAFTA agreement, which reduces tariffs and stuff, making trading with the US super good in normal times (obviously also proximity, and how massive the US is). But basically, with COVID hitting the US so hard, it has also hit Canada really hard. Obviously Canada can trade with other nations, but it still won't see growth in a similar way to before COVID.
On another note, Canada was just finishing an economic boom when this all started, meaning the economy was in a less fragile position and supply and demand shocks wouldn't have been as big as they could've been. I am less confident with this last point, and I should also note that Canada's labour force participation rate has been dropping a lot, meaning the reducing unemployment may be more because people are tired of not getting jobs and just leaving the workforce all together, which is not good, and could have a more long term impact on the economy. Have a nice night sleep tight, and please correct me if you managed to read all the way through, I am not entirely confident in my answer. : )
haha with the amount of cerb the gov is paying out I think not, going to be in so much debt.
@Deborah Hennessey Our trade to GDP ratio is 66 percent, and 75% of it is with the US. Yeah, that is a lot. Plus we have a lot of it concentrated in energy, which is tough for us. We used to be trade to GDP of 80+%.
China is not lowering the boom on the US, at least not if trump hangs around. If Biden gets in, probably Hilary will come out as VP at some point, and then she has a lot of IOUs that China holds, so China won't worry. In either case, all the cards are with the US. The US is hugely more militarily powerful than China, and economically the US has the lowest trade to GDP ratio at 28%, of basically any country where they drive cars. China's trade to GDP is not super high at short of 40%, but that is the gravy, sure there are 900 million people growing cabbages by hand who get counted, but those are not the enterprises that will buy new luxury cars. The US would be fine if it never bought another knock-off product from China, but China would suffer.
@@jaq_v0
I am pessimistic, but here are a few points:
1) All your eggs in one basket is a bad idea unless you are in the right basket. I have never voted against the US, but many times have thought they would suffer, and they do great. They blew up the economy due to corruption in 2008; passed a blizzard of bad paper around the world; and what happened? The world swarmed to the safety of the US dollar. The reasons for which are structural. The US came back strong. In a lot of ways things look really bad in the US, but the minor scuffles and the somewhat irrelevant obsession with presidential politics when they control so little of the agenda, is misleading maybe.
2) Canada is doing great with Covid. We have very little of it. It has killed mostly unproductive people, which while unforgivable, saves a lot of money. As usual the leadership lied about everything, and got tons wrong, but we have not collapsed the economy more severely than other countries that did smarter things have. People look at the aggregate numbers, not per capita numbers.
3) Most recent figures show Canada grew for the month by 3%, not annualized, actual. Obviously that is from falling off a cliff...
@@HoUsEoFbRiX And people are used to it.
10:26
Who's flag is that?
30 stars or something and I didn't count them or the stripes
For reference,
Our minimum wage is around €20,000 annually.
Unemployment benefit single male is €9,300 I believe.
If you are unemployed or fall below an income threshold, your medical bills, school bills etc. are free.
I also wanted to say, all of those people left purely due to famine, we literally had no food and people were eating grass and dying.
Cost of goods have gone up an awful lot in recent years, along with rent prices and cost of land, materials etc.
I hear people are beginning to struggle with the cost of living and many people worry about the future.
Our politicians have recently been squandering money also, cutting people's disability money and elderly pension fund while giving themselves pay rises. We could be becoming a bit corrupt.
thats the price of leaving the UK. you were told this and chose independence. enjoy.
@@hugh.g.rection5906 we were never part of the UK and always rejected their rule. Ireland was annexed by England in the past and always strived for independence, our multiple attempts at revolution attest to this.
@@hugh.g.rection5906 as if you are doing better, enjoy starting and having no energy under an incompetent leadership
@@mindblower8774 i have plenty of energy
@@hugh.g.rection5906 ,every country deserves to be a free country!
This video is full of so many inaccuracies that I don't know where to start. I've only watched 5 minutes of it so far and I'm feeling sorry for anyone who actually uses it as material.
Nautilus Shell, meet Claudio Lener
Lies majority are struggling from week to week in Ireland. Extreme high rents, high mortgage interest rates, high childcare costs, low wages in comparison to cost of living. Only people well off are landlords and politicians.
Well said. The Gravy Train politicians are a cancer in our country. There should be an embargo on the time those elected can stay on "The Gravy Train"
I'm shocked actually that there isn't social unrest over the cost of a roof over one's head in Ireland. I've been in France for a number of years, and they have all kinds of policies designed to ensure the supply of reasonably priced accommodation, because any government that didn't do so, would very soon find themselves being ordered out by an angry mob. Ireland needs a little bit more of that...
Are you talking about the same country that has the 3rd highest gdp per capita 4th highest human development Index 4th most democratic
@@Alivefortuneteller the person on the ground working in most jobs is not well off. Doing well if getting by.
"High childcare costs" Perhaps using contraceptives would solve that issue? People complaining about problems like that; breed like rabbits and whine that they have to pay for basic necessities for their children. Better family/financial planning is needed amongst the general populous.
Not seeing the dislikes makes me really, really question channels like this....
Why are agriculture countries poor when their assets are real and not fiat?
Ireland’s GDP is overinflated because our GDP is also representative of the multinational corporations profits. In order to combat this, The Irish government calculates a GNI which puts it ninth in the world behind countries like Denmark, the US, Norway etc.
The Irish government, threatened by the ECB and others, volunteered to turn private debt, lent by private banks for private profit, into sovereign debt owed by Irish taxpayers and paid off at 100 % on the Euro to debt holders, mostly German Banks. The entire preamble to this video is so bad it's hard to know were to start.
The Irish share of the EU budget is about to rise to reflect those pass through multi-national profits. Insult to injury.
True that. The old love to rip off young productive workers. Expensive housing is forcing the under 30's into massive debt.
Median income is probably a better measurement than that, for Ireland they're similar to Slovenia and Saudi Arabia
@@jameshowlett2694; Ireland's median is $33,000, Saudi Arabia $24,000 and Slovenia at $20,000 which I imagine makes it, with Kosovo and Albania, the poorest in Europe.
@@Anhorish adjust it for PPP, the list I found put those three countries next to each other
Lots of Americans about to immigrate back to ireland claiming ancestrial lineage 😂
As if it wasnt anoying enough
I wish they could,but our EU puppet government,will only except people,from Africa and the middle east.
@@paullooney2522 Spastic Paul
They won't be able to from 1. July 2020
Should've worked on their COVID-19 strategy lol
@Bailey Actually Bailey, we're a very socially liberal/progressive country and we're very welcoming to immigrants. Nice try though.
Quite ironic how the early Northern Irish government were staunchly convinced that because they held a Protestant majority that their smaller state would out perform their larger Catholic brothers in the south just because of religion (no joke Sir Craigavon genuinely believed that because Ulster was majority Protestant that it's populace was more industrias and successful) and ethnicity. I hear that during the years from independence until the 90s the roads would always become better as you crossed the border into Northern Ireland but now days I hear the roads, standard of living and quality of life decreases as you cross the border from the southern counties into the northern counties