Critic's Corner

RE: Why are English Hi-Fi magazines so expensive.

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This Post Has Been Edited by the Author

In Reply to: RE: Why are English Hi-Fi magazines so expensive. posted by Self-Inflicted on March 03, 2017 at 08:21:38

I've read the posts so far, and haven't seen any references to the very real issue of government and politics. As you all probaly know, Britain, and Europe in general, is much more socialist than the U.S. This has a cost, which is reflected in the price of goods and services. "Free" benefits are anything but free. There are also more stringent environmental regulations, which also has a cost. Also, countries such as Britain and Germany have been bearing the cost of the EU, essentially subsidizing the rather frail economies of countries such as Portugal, Spain, Italy, and others. To Britain's credit, they had the foresight to keep the British Pound.

Lastly, the value of the U.S. Dollar has plummeted over the past 40 years. Remember when you could get 7 French francs, or 12,000 Italian lira, or 3.75 Swiss francs, for a Dollar? Those days are long gone. Today, the Dollar and the Swiss Franc are basically on a par: 1 to 1 (trust me, it's expensive for an American to have a meal there - I probably lost 5 pounds last August).

:)

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