Your new post is loading...
Tax revenues from Silicon Valley giants have made the republic wealthy on paper, but housing and healthcare crises persist
|
Scooped by Graham Watson |
Scoop.it!
No comment yet.
Sign up to comment
John Naughton's piece in the Observer offers a nice economic history lesson about the rise of the Celtic Tiger, the embrace of free trade and the tax system that encouraged FDI by large MNCs, particularly in the tech sector.
He brings it up to speed, post-Brexit, but wonders about the extent to which the arrival of big tech, with a new wave of Chinese tech companies seemingly the newest kids on the block, will prove to be a good thing, and, the degree to which this money has been used to disguise a divided economy, with high levels of income inequality and serious structural problems, not least as regards the housing market and the provision of public services. For those people who think that the Republic of Ireland has it cracked - this article might prompt you to think again.