Please explain pros of Brexit to me

[Anonymous]

Anonymous wrote:^ They voted against their own economic interests, but I think they knew that. Other issues were deemed more important to them.

They got through the economic austerity during and after WWII. It is the young urban elite who will suffer. Redundancies will start soon on Bond St and Canary Wharf

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's a matter of great grief for London's middle upper class. Latvian nannies, Polish housekeepers, Czech masseuses and manicurists...it was pretty much impossible to get good beauty care in London twenty years ago. Eastern European labor is behind London's improved grooming standards.

Haha! Although seriously, what will happen to those folks? Will they be godfathered in? Or will a lot of Britsh workers need to learn a new trade to replace them?

They will go back to grotty nails and wiping the arses of their own offspring.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
British goods will get more expensive for those in EU, blow to Uk economy.

Banks have already said they are moving jobs to within EU, blow to London's status as banking capital.

It's going to be ugly.

London was a banking capital well before UK's membership in the EU. It will survive. The country's ultimate desirability for outside capital is related to its stability, not its membership in whatever.

Well, what was the case before the EU existed is hardly relevant. Every major bank has said they intend to move hundreds of employees out of London to a location in the EU. Perhaps you know better than them what their business plans are.

What they said and what they will do is two different stories. Touch base in a year and see if anything changed.

[Anonymous]

Anonymous wrote:Haha, the elites of dcum just can't accept that the unwashed masses of UK (or US) could possibly understand what is in their own interests. No, no - they need an elite bureaucracy like Brussels or DC to rule over them!

The track record of the "guns and religion" crowd in the US for voting in their own economic self interest isn't great. The citizens of the UK voted for austerity in the wake of the global banking collapse, that didn't go well either. Those folks called economists generally do know what they are talking about.

[Anonymous]

There is no reason to believe they can survive on their own without being a member of the EU.

The UK economy will soon devolve into conditions even worse than Venezuela. They are an island after all.

[Anonymous]

[Anonymous]

Boris Johnson says it's about sovereignty. He doesn't want Eurocrats dictating British policy. The guy shares the same hair as Trump, but his tweets have more clauses in them.

It is we in the Leave Camp—not they—who stand in the tradition of the liberal cosmopolitan European enlightenment—not just of Locke and Wilkes, but of Rousseau and Voltaire; and though they are many, and though they are well-funded, and though we know that they can call on unlimited taxpayer funds for their leaflets, it is we few, we happy few who have the inestimable advantage of believing strongly in our cause, and that we will be vindicated by history; and we will win for exactly the same reason that the Greeks beat the Persians at Marathon —because they are fighting for an outdated absolutist ideology, and we are fighting for freedom.

[Anonymous]

Anonymous wrote:There is no reason to believe they can survive on their own without being a member of the EU.

The UK economy will soon devolve into conditions even worse than Venezuela. They are an island after all.

yeah sort of like how Japan devolved into another Venezuela without the EU to protect them

[Anonymous]

Anonymous wrote:

Anonymous wrote:There is no reason to believe they can survive on their own without being a member of the EU.

The UK economy will soon devolve into conditions even worse than Venezuela. They are an island after all.

yeah sort of like how Japan devolved into another Venezuela without the EU to protect them

If the UK economy became like Japan's economy, no one would be declaring victory.

[Anonymous]

Anonymous wrote:Boris Johnson says it's about sovereignty. He doesn't want Eurocrats dictating British policy. The guy shares the same hair as Trump, but his tweets have more clauses in them.

It is we in the Leave Camp—not they—who stand in the tradition of the liberal cosmopolitan European enlightenment—not just of Locke and Wilkes, but of Rousseau and Voltaire; and though they are many, and though they are well-funded, and though we know that they can call on unlimited taxpayer funds for their leaflets, it is we few, we happy few who have the inestimable advantage of believing strongly in our cause, and that we will be vindicated by history; and we will win for exactly the same reason that the Greeks beat the Persians at Marathon —because they are fighting for an outdated absolutist ideology, and we are fighting for freedom.

And equally full of bs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
British goods will get more expensive for those in EU, blow to Uk economy.

Banks have already said they are moving jobs to within EU, blow to London's status as banking capital.

It's going to be ugly.

London was a banking capital well before UK's membership in the EU. It will survive. The country's ultimate desirability for outside capital is related to its stability, not its membership in whatever.

Well, what was the case before the EU existed is hardly relevant. Every major bank has said they intend to move hundreds of employees out of London to a location in the EU. Perhaps you know better than them what their business plans are.

What they said and what they will do is two different stories. Touch base in a year and see if anything changed.

While I don't think that London will lose its status as a major banking capital, leaving the EU is almost certain to have a negative impact. JP Morgan already announced this morning that they are moving 2000 London based jobs to Dublin and/or Frankfurt. More banks are sure to follow.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
British goods will get more expensive for those in EU, blow to Uk economy.

Banks have already said they are moving jobs to within EU, blow to London's status as banking capital.

It's going to be ugly.

London was a banking capital well before UK's membership in the EU. It will survive. The country's ultimate desirability for outside capital is related to its stability, not its membership in whatever.

Well, what was the case before the EU existed is hardly relevant. Every major bank has said they intend to move hundreds of employees out of London to a location in the EU. Perhaps you know better than them what their business plans are.

What they said and what they will do is two different stories. Touch base in a year and see if anything changed.

Hedging bets that the banks are bluffing sounds risky to me. But hey what do all these economists know anyway.

[Anonymous]

Parties in France, Italy and the Netherlands have now called for a vote!

[Anonymous]

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Anonymous wrote:

Anonymous wrote:I'm seeing a lot of correlations between this and our own countries politics: the populist desire to not get involved with other countries and to take severe stands on immigration. I can also see a stark similarity between Boris Johnson and Donald Trump - hell, they even look alike. Could you picture these two at a G8 summit?

Well, with Cameron's resignation, Boris Johnson is highly likely to be at a G8 summit. And if the populist movement that got Great Britain out of the EU and "shocked" the nation's intelligentsia carries into the US in November, Donald Trump will likely be there as well. The high school class presidents may no longer control the world.

Fortunately, we can still stop Trump.

I'm pretty certain he will lose in a landslide.

Not a Trump supporter, but IMHO anyone who says this is completely out of touch with America outside the Beltway (and the other big cities).

You have no idea how popular he is and how much his message resonates with most Americans.

I agree to an extent, although I'm not sure it's "most" Americans. A very vocal, passionate segment of the population, definitely.

I think the Brexit vote shows the people you're describing may be more numerous and influential than was believed by the pundits.

The polls were right, were they not? David Cameron is an idiot for ever calling for this referendum.

Supporters of Leave predominantly old, rural and undereducated. Supporters of remain young educated and urban. Once again the young are paying for the bad judgment of the baby boomer generation.

So, in other words, you think that pain inflicted on some parts of the populace should mean more than pain inflicted on others?

If EU was good for Brits, why would they want to leave?

You're on the right track. The Young, urban and/or elite simply refuse to grasp that these economic agreements (whether in the form of the EU or NAFTA or liberal immigration policies) are generally bad for the lower and working classes of wealthier countries while good for the young, urban and elite. Is it really any shock that any class of people reject what turns out to be a bad deal for them? Ascribing this to ignorance or lack of education on the part of leave voters is just elitism.

I agree. Brexit it is bad for the elites, good for working class.
The minimum wage in the UK is over 10 dollars an hour. In Poland it is less than 3 dollars an hour. In Romania and Bulgaria it is less than 2 dollars an hour. Poland has 38 million people and 850,000 poles now live in Britain. Many of the skilled trades like plumbers and carpenters have been taken over by Polish and other Eastern European workers willing to work for less than British workers. The working class is voting for Brexit because they can no longer have a middle class life. DH has cousins who live in Britain and they aren't against Syrian refugees or Indian migrants, they are against white Polish workers undercutting their wages and their kids crowding their schools, hospitals, and public housing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Haha, the elites of dcum just can't accept that the unwashed masses of UK (or US) could possibly understand what is in their own interests. No, no - they need an elite bureaucracy like Brussels or DC to rule over them!

The track record of the "guns and religion" crowd in the US for voting in their own economic self interest isn't great. The citizens of the UK voted for austerity in the wake of the global banking collapse, that didn't go well either. Those folks called economists generally do know what they are talking about.

Which economists? Milton Friedman? Arthur Laffer? Ben Bernanke? You do know, right, that economists come in all sorts of political shapes and sizes? Or maybe you didn't.