Please explain pros of Brexit to me
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Anonymous
Grandfathered in. Not godfathered in. |
Anonymous
Guess what? After Brexit, their economic condition is only going to get worse. The British economy is going to slump and globalization isn't going to go away. They can't turn back time. In fact, inside of just hiring a mix of polish and british workers, the companies will just move to Poland, or some place with reliably cheap labor instead. |
Anonymous
Japan's GDP is over 1T higher than the UK, and unemployment is about 1.5% less. I think there would be a victory celebration if that happened in GB. |
Anonymous
That's understandable. Have there been proposals to increase the minimum wage? |
Anonymous
From the Economist; The priority for the rest of the EU will be to make sure that nobody follows Britain’s example. That precludes giving Britain a good deal. Leavers have retorted that, because Britain imports more from the EU than it sells to it, the other countries must offer a generous free-trade deal. But this betrays a misunderstanding of both EU politics and trade talks. The EU cannot let Britain have full access to the single market without its obligations lest others ask for similar treatment. And Germany cannot offer Britain anything on its own, however strongly its carmakers push for it. Any deal must be approved by all 27 countries, several of which do little trade with Britain. Spanish carmakers might like tariffs on cars traded between Britain and Germany. Romania sees little gain in a free-trade deal that lets Britain block immigration. In practice the EU will offer Britain only two possible deals. The first is to join Norway in the European Economic Area. This would preserve full access to the single market. But, like Norway, Britain would have to make a hefty contribution to the EU budget (Norway pays about 85% as much as Britain per head), observe all EU single-market regulations with no say in making them and, crucially, accept free movement of people from the EU. It is hard to imagine a post-Brexit government accepting this. The second is a free-trade deal like the EU’s with Canada. Yet this does not cover all trade, does not eliminate non-tariff barriers, excludes most financial services and could take years to agree. The other option for Britain is to revert to trading with the EU as America, China and India do, under normal World Trade Organisation rules. But most economists say this would make the economic damage from Brexit worse. It would bring back mutual tariffs on cars, pharmaceuticals, food and fish. It would reinstate many non-tariff barriers. And it would exclude most services, including financial services. The economic and trade problems arising from Brexit will dominate British politics for years to come. Security and foreign-policy concerns will also emerge. The home secretary, the security services and the police may try to replicate the co-ordinating measures that they have in place now with the rest of the EU, notably on intelligence-sharing. The Foreign Office may try to maintain its input into the EU’s foreign-policy discussions. But none of this will be easy and some may be impossible. There will also be questions over the future of the United Kingdom. Both Scotland and Northern Ireland voted by clear majorities to remain in the EU, only to be overruled by the English and Welsh. Before the vote Nicola Sturgeon, leader of the Scottish National Party, said Brexit might justify a second referendum on Scottish independence, though she is likely to proceed with caution. Northern Ireland will be more immediately troubled. If Britain ends free movement of people, that may require the return of a hard border between Northern Ireland and its southern neighbour. |
Anonymous
Or not. https://www.washingtonpost.com/news/the-switch/wp/2016/06/24/the-british-are-frantically-googling-what-the-eu-is-hours-after-voting-to-leave-it/?hpid=hp_hp-top-table-main_switch-google-1145a-top%3Ahomepage%2Fstory |
Anonymous
And growth is zero and has been for about a decade. |
Anonymous
I was just reading about the trade agreement Norway has with the EU. I highly doubt the Brits will agree to terms like that. |
Anonymous
Not pp, but for those too lazy to click, article says that goggle trends showing most popular search in Great Britian TODAY is "what is the EU". Apparently, large number of people had no clue what they were voting to do. |
Anonymous
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Maybe it's school kids doing research?
Maybe it's people who already know much about the EU but wanting to find more information about the requirements for withdrawal? Maybe it was primarily from those who didn't vote (the remaining 28% who didn't turn out). There are many reasons why people may be doing google search with those terms. I wouldn't be surprised if the top google search on election day this November will relate to what is the presidency, what is the election and so forth.
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Anonymous
+1 It's doubtful that any company will get better tax breaks in the EU. I work for a large multi-national that owns a bank in London. Our execs were quietly rooting for Brexit. Today they are cheering. There's a reason that the EU has never had a Facebook or Google emerge, and it's not because they aren't as innovative as Americans. |
Anonymous
What? When a Brit needs a plumber or carpenter they are going to call a company that moved to Poland? There are plenty of middle class jobs that have to done in Britain. These include skilled trade jobs like electrician, carpenter, plumber, nurse. These jobs traditionally have allowed a worker to have a middle class life. Hundreds of thousands of Eastern Europeans have moved to Britain to do these jobs. |
Anonymous
The lack of innovation is due more to socialism than anything else, not the EU, which has to do mostly with tariffs. |
Anonymous
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Anonymous
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More than any other factor, globalization has contributed to income inequality all over the west. Even assuming the average Brit's economic condition does not improve after Brexit, income inequality will almost certainly be reduced.
Is that not an end game for many on the left? |