Please explain pros of Brexit to me

[Anonymous]

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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.

But how will this improve fortunes for factory/farm workers that can't export their goods as easily? Or for the middle class whose savings will plummet due to a volatile stock market?

[Anonymous]

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

[Anonymous]

Anonymous wrote:

Anonymous wrote:The only two major politicians to support Brexit outside of the U.K. were Trump (once it was explained to him) and Putin. Putin's reasons were obvious - he wants to weaken the European Union.

Putin was actually critical of Brexit. Don't make things up.

Trump still has no understanding of it. He tweeted that in Scotland everyone is "wild about the vote". Except Scotland voted "Remain", and will likely leave the UK to stay in the EU. Trump is moron.

[Anonymous]

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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.

But how will this improve fortunes for factory/farm workers that can't export their goods as easily? Or for the middle class whose savings will plummet due to a volatile stock market?

In theory, the supply of labor--especially cheap labor--will recede. This should put an upward pressure on wages for those workers who remain.

UK has been running record trade deficits, so, in theory, trade could be rebalanced.

In theory, Euros and other other world players will still want access to London financial markets (banking capital of the world) and will negotiate fair trade agreements.

No reason to necessarily believe EU will remain in its current form.

UK will also look to enter into trade deals with other markets, especially North America and certain Asian markets.

This is a three dimensional world.

[Anonymous]

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

Doubtful that they knew that. Populism is rarely fact based.

[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.

But how will this improve fortunes for factory/farm workers that can't export their goods as easily? Or for the middle class whose savings will plummet due to a volatile stock market?

In theory, the supply of labor--especially cheap labor--will recede. This should put an upward pressure on wages for those workers who remain.

UK has been running record trade deficits, so, in theory, trade could be rebalanced.

In theory, Euros and other other world players will still want access to London financial markets (banking capital of the world) and will negotiate fair trade agreements.

No reason to necessarily believe EU will remain in its current form.

UK will also look to enter into trade deals with other markets, especially North America and certain Asian markets.

This is a three dimensional world.

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.

[Anonymous]

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

How do you know that exactly? Do you live in the UK?

[Anonymous]

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.

[Anonymous]

This was a strictly immigration issue with the worlds 5th largest economy. My guess is that Britain will vote to rejoin the EU in the next few years only after the PIGS (Portugal, Italy, Greece and Spain) agree to adhere to a strict standard on who to admit into the union, unlike Italy who was haphazard in the past.

[Anonymous]

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.

[Anonymous]

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.

There are certainly some similarities between Boris Johnson and Donald Trump and the appeal they each have to voters, but I think it would be a mistake to assume that they are like-minded. Boris Johnson has been scathing in his assessment of Donald Trump. Six months ago he made the famous comment that the only reason he wouldn't venture into certain parts of New York City "is the risk of meeting Donald Trump."

[Anonymous]

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!

[Anonymous]

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?

[Anonymous]

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.

[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!

I'm not a Brit, so I'm only going off of what I've read. But I'm having a hard time understanding how the exit is in their best interest besides a generic, "free from tyrancal Brussels." It seems complicated and like there will be a lot of uncertainty, at least initially.