Please explain pros of Brexit to me

[Anonymous]

Anonymous wrote: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?

How do you get that? This will hurt the very people who voted for it the most -- the labor class always suffers the most when an economy goes into recession or depression as there is near universal prediction the British economy will. The rich usually do just fine.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

+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.

I don't think tax breaks are the reason that banks are talking about moving jobs to the EU. It's about being able to sell their banking products in the EU. A lot will depend on the market access the UK is able to negotiate...but that will not be a fast process. This blogpost (that includes clips from FT and WSJ) provides some context:

http://www.nakedcapitalism.com/2016/06/brexit-the-crisis-begins.html

Exactly, poster about tax breaks has no clue what they are talking about.

[Anonymous]

Anonymous wrote: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?

It's easy to attribute income inequality to globalization, but it probably is not true. Immigrants have always held a lot of the low-skilled jobs in wealthy countries and cheap labor countries have always been exploited by wealthy companies from wealthy nations. The British Empire more or less invented the model. What has happened more recently to blue collar workers all over is that technology advancements and other productivity increases have severely reduced the demand for their labor. Leaving the EU is not going to create more blue collar jobs for English nationalists.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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?

How do you get that? This will hurt the very people who voted for it the most -- the labor class always suffers the most when an economy goes into recession or depression as there is near universal prediction the British economy will. The rich usually do just fine.

Income inequality is a RELATIVE measure. Assume there are three people in UK, making 10, 30 and 70 pounds/year respectively. As the benefits of globalization disproportionately accrue to the wealthy, it is reasonable to predict that the wealthy will also bear the costs of de-globalization.

F, post-bred it, those three are now making 9, 28 and 62 pounds/year, respectively, even if the poor end of the spectrum is worse off, income inequality will have been reduced as the poor end will capture a relatively larger piece of the economic pie.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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?

It's easy to attribute income inequality to globalization, but it probably is not true. Immigrants have always held a lot of the low-skilled jobs in wealthy countries and cheap labor countries have always been exploited by wealthy companies from wealthy nations. The British Empire more or less invented the model. What has happened more recently to blue collar workers all over is that technology advancements and other productivity increases have severely reduced the demand for their labor. Leaving the EU is not going to create more blue collar jobs for English nationalists.

it isn't about creating more jobs per se, it is about reducing the supply of labor so that those on the low end of the economic spectrum have more leverage through scarcity of labor.

Yes, globalization has absolutely contributed to income inequality in the west.

[Anonymous]

So it sounds like wages have been depressed due to migrants from elsewhere in Europe being willing to work for less, right? So are Brits suddenly going to be willing to pay more for services? The plumbers, etc. aren't going to magically start making more money if the Poles leave if people are used to paying a certain amount.

[Anonymous]

This outcome will make fighting global income-inequality exponentially more difficult.

And global economic redistribution has now suffered a severe setback.

[Anonymous]

Anonymous wrote:This outcome will make fighting global income-inequality exponentially more difficult.

And global economic redistribution has now suffered a severe setback.

Exponentially? Really? Do you know what exponential means?

Global economic redistribution? Really? How communist can you get. How about we all create more wealth together so that there is more wealth everywhere in the world, rather than figuring out how to dive up existing wealth like it's a piece of cake at a birthday party.

[Anonymous]

It's a bad week for hope and change.

[Anonymous]

Anonymous wrote:So it sounds like wages have been depressed due to migrants from elsewhere in Europe being willing to work for less, right? So are Brits suddenly going to be willing to pay more for services? The plumbers, etc. aren't going to magically start making more money if the Poles leave if people are used to paying a certain amount.

+1. plus, how are British people going to pay the plumbers if they lose their jobs because their companies move into the EU or the country goes into a recession? lots of people were going to the UK because the UK had lots of jobs and the economy was doing well (because it was inside the EU). I think a lot of people made a sort of vote of protest, not realizing that this was the real deal, not a joke. now they are out. they shot themselves in the foot big time.

[Anonymous]

Anonymous wrote:It's a bad week for hope and change.

I don't follow. Brexit was a change.

[Anonymous]

Anonymous wrote:

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.

In fact, your "guns & religion" claims dispute your own point. This demographic (much of it hardworking blue-collar folks) did not vote in the current govt. They knew (via common sense), that shipping out over 50,000 factories to Mexico & Asia, giving amnesty and welfare bennies to hordes of illegal immigrants, signing skewed treaties to destroy US balance of trade, just cannot be good for them. And sure enough, it wasn't. That's why people are mad as heck with these ruling globalists.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

In fact, your "guns & religion" claims dispute your own point. This demographic (much of it hardworking blue-collar folks) did not vote in the current govt. They knew (via common sense), that shipping out over 50,000 factories to Mexico & Asia, giving amnesty and welfare bennies to hordes of illegal immigrants, signing skewed treaties to destroy US balance of trade, just cannot be good for them. And sure enough, it wasn't. That's why people are mad as heck with these ruling globalists.

So here is the other side of the coin. Everyone enjoyed low cost things made in China or mexico, right. Now the cost will go much higher if you only want to buy things made in the USA increasing inflation and lowering affordability. Taking this further, if you deglobalize then all of a sudden AMERICAN Companies have lost access to 6 billion(3 Billion India and China alone) global market. Do you think there wont be job losses in the USA? American companies were creating white collar jobs and spillover service jobs by millions due to china and India opening their markets to American companies. Bottom line is USA has a population of 300 million and the rest of the world is 7 Billion strong. SO USA will always be needing the external market than the reverse.

[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.

Venezuela went to hell in handcart because they elected socialists into power

[Anonymous]

Go down to the segment on Calais. http://www.nytimes.com/live/eu-referendum/in-brussels-despair-and-uncertainty/

"The Treaty of Le Touquet, signed between France and Britain in 2003, allows British police officers to operate a border control post on French soil."

Apparently Calais /France have wanted to move the migrant camp to the UK for years. "“If the British people change their legislation and demand passports and IDs, migrants will be stuck in Calais. We must know in what conditions Britain could open a center to welcome some migrants" Send them back. France doesn't want to bear the "burden" but why should the UK? Calais doesn't need police it needs the military. http://www.express.co.uk/news/world/681614/Calais-migrants-refugees-Britain-UK-EU-referendum-Brexit-Euro-2016