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Why Britain's Decline Is Making Ireland Rich

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Why Britain's Decline Is Making Ireland Rich: for two hundred years, the ferries across the Irish Sea carried people out of Ireland. Today they carry money in. Why is Ireland so rich? In 1988 a magazine called it "the poorest of the rich." Today, on paper, Ireland produces more than twice as much per person as the UK. This is Ireland economy explained through its map: Ireland vs UK, the Celtic Tiger, the 2008 crash and the €85 billion bailout, and how Brexit handed Ireland the two advantages Britain's decline left behind: the door into Europe and the banking passport. This is the Brexit Ireland story nobody expected. We follow the money: a UK economy where pay has been flat since 2008, the Dublin Brexit move of at least 135 financial firms, Ireland corporation tax at 12.5% (15% for the largest groups) and a record €33 billion in 2025, and the Apple tax Ireland went to court to refuse. Then the honest part: leprechaun economics, the Ireland GDP per capita number that isn't what it seems, and the real answer to "is Ireland richer than the UK?" Plus the weak spots of the Irish economy (ten companies pay almost 60% of all corporation tax), the Ireland housing crisis pushing young people abroad, and the Northern Ireland Brexit twist: the only part of the UK inside both markets is the region that has grown fastest since the vote. UK vs Ireland economy, Brexit explained from the side that won, Ireland GDP and all: that's the geography of Ireland. Subscribe to Fortune of Nations for one country at a time and what its map has to do with its money. 0:00 The sea that changed direction 0:47 An island behind an island 1:15 A famine and a century of leaving 1:53 The first Irish miracle… and the crash 2:47 Britain's three advantages 3:32 Brexit breaks the door and the passport 3:56 The door moves to Ireland 4:27 London's banks move to Dublin 5:10 A record €33 billion in corporation tax 5:40 The €13 billion Ireland refused 6:33 26% growth in one year: leprechaun economics 7:04 How much richer is Ireland, really? 8:02 The border that grows fastest 8:25 The scorecard Watch next: Why Switzerland Is So Rich With No Resources Sources (with links): see the pinned comment. Map data & imagery: Elevation: AWS Terrain Tiles (Mapzen) · Natural Earth – public domain 3D street scenes: buildings © OpenStreetMap contributors (ODbL) – https://www.openstreetmap.org/copyright Music by Kevin MacLeod (incompetech.com), licensed under Creative Commons: By Attribution 4.0 – http://creativecommons.org/licenses/by/4.0/ "Lost Frontier" · "Rising Tide" · "Hidden Agenda" · "Unanswered Questions" · "I Can Feel it Coming" · "Impact Lento" · "Stay the Course" · "Tempting Secrets" · "Industrial Cinematic" Sound effects: "Swoosh 1" by AleXZavesa (freesound.org/people/AleXZavesa/sounds/854081), CC BY 4.0 · Mixkit (free license) #Ireland #Brexit #Economy

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