It makes just as much sense as this:
My friend Preston pointed me at what the Adam Smith Institute calls the “EEA Option”, which would apparently provide many of the free trade and movement benefits of EU membership without being in the EU or beholden to most of its rules.
Certainly worth a read as people start contemplating what one would want the negotiated exit from the EU to look like.
And they worry the pound might crash? Pay attention to the euro.
In all the talk and words about the UK Brexit vote last Thursday, a regular line is that the Leave side has been “misled”, and doesn’t know what it is doing, and it is going to have buyer’s remorse, etc, etc. Who knows, maybe that criticism is apt. However, it is a bit rich for those who, for example, favoured the creation of the European single currency, as many pro-Remainers did (they might hope we’d forget) to claim that those who wish to leave an entity with pretensions to be a superstate are not thinking of the risks. That is a bit rich.
The launch of the single currency is arguably one of the riskiest, most hubristic transnational projects of recent decades, and I still see very little sign of contrition for rolling out a new form of fiat money without creating the economic and political architecture to deal with life inside a one-size-fits-all interest rate.
One reason why remaining EU states are scared of what has happened is the fear that a eurozone member state, envious of how the UK has just voted, might have similar ideas.
I’m not British. However, I’m a reasonably frequent visitor to the United Kingdom.
I spent last Thursday night having dinner in New York City with a bunch of Brits from the home office of the London based consulting company I’m affiliated with. I’m not an employee, but I’m a close-enough friend of the company’s management that there that there’s much more of a spirit of “we” than “they” when I talk to them.
The whole firm was, of course, heavily on the “remain” side since they have contracts all over the continent and The City is a huge source of revenue. The reason The City itself has grown to be so huge is because it is the finance capital of Europe, and it vies with New York for finance capital of the world as a result.
That, sadly, may be over soon.
The firm’s business also relied (I should say relies, it isn’t gone, at least not yet) on being able to do things like taking a contract in Frankfurt and sending people there from London without more of a thought than an American firm would have about taking a contract in Stamford, Connecticut even though they’re based in White Plains, New York – another state entirely.
We in the U.S. are of course used to such things – we don’t give thought to the idea of someone from New York selling something to someone in Los Angeles or flying there to do work for a month. No one needs to give you permission to do this, you just go and do it. We’re one big market, and that has helped our economy tremendously over the centuries. Europe had finally become like that, a place where you could do business all over without permission, and with it, a whole new class of companies like the one I work with rose up, companies that didn’t trade with Europe but in Europe.
Hi! I’m the guy who hosts, and looks after, Samizdata. I’m a software engineer.
Several years ago I did the port from old Samizdata for Perry, largely as a favour, but also because I believe strongly in free speech and that it should be heard. I’ve looked after it since that time.
So I’m basically a free speech activist rather than any stripe of “libertarian”.
And I don’t generally post, but Perry invited me to do so years ago, and I thought this was a worthwhile opportunity.
So why did I vote ‘Remain’?
The Liberal Democrat party, with its host of 6 MPs (much reduced in 2015) have pledged to ignore the Brexit referendum result and to campaign for the UK to remain in the EU.
Mr Farron, the relatively obscure leader of the party of heavyweights such as Cyril Smith, went on:
So, once the votes are counted, and if that ‘fails’, they are then ‘interpreted’ and in line with socialist logic, they don’t mean what a plain reading might fairly be taken to show that they mean. But is he not also saying that the vote was against him, as a member of the Westminster Parliament?
I would like to contrast this attitude with that of General Pinochet, well-known ‘strongman’ of Chilean politics from 1973 to 1990, who held a referendum on his junta (well, him) continuing to rule Chile in 1988, and who respected the outcome rejecting his continued rule, with a little prodding perhaps from General Matthei, the Air Force member of the junta (and friend of the UK in the Falklands War), who called for the result to be respected.
I suppose what we are seeing is a political auto-endoscopy by the Left, each trying to get further up their own arses than the other, with Nicola Sturgeon, Scotland’s First Minister indicating that the Scottish Parliament may have a veto on Brexit, a surprising interpretation of constitutional law from someone who is a solicitor.
I am confident that the bulk of people will see through all this, and see the Left, in all their shades, for the totalitarians that they are.
The enemy were not my Norman ancestors this time, but rather David Cameron in the role of William the Bastard, with his knights arranged around him with names like Jean-Claude Juncker, J.P. Morgan, Barack Obama, Tony Blair, and oh so many other members of the global establishment who disdainfully ordained that the order of things must not be upset, and snouts must be left undisturbed in the troughs to which they have become accustomed.
But this time… oh this time… it was not the embodiment of England who took an arrow in the eye but rather Dave the Bastard. This time just enough of the fyrd refused to take the bait, declining to rush forward off the hill leaving the huscarls exposed. This time they stood fast behind a forest of spears and a wall of shields, against which the forces of Dave the Bastard charged and died. We shall not be moved!
And in this glorious re-match, who has been cast in the role of King Harold Godwinson? It is hard to say, for he is wearing a helmet, but I have a sneaking suspicion when he takes it off, he will have very blonde tousled hair.
Britain has just angrily shrieked two words and they are: FUCK YOU!
I am a very happy man today.
UPDATE: YES!!!! Dave Rex Interfectus Est!
It is not over, but things are looking good for Leave.
Update: Some internet sites where you can watch what is turning out to be a political earthquake.
The Guardian‘s live blog. Hats off to them, this is the obvious first place to go.
EU referendum rolling forecasts by Chris Hanretty, Reader in Politics University of East Anglia
– THE UNITED KINGDOM WILL LEAVE THE EUROPEAN UNION.
– The working class did it. The issue was immigration. It wouldn’t have been my choice for main issue, but I am not ashamed to have been in a broad alliance. I’ll gladly bear the next election being won by a party I don’t like in exchange for elections mattering again.
– Talking of which, who will win the next election? Which parties will fight it? When will it be? No idea.
– Shy Leavers. And I hesitate to say this, but the atmosphere of blame following the murder of Jo Cox will have been perceived by many as moral blackmail.
– The EU is holed beneath the waterline. People worldwide have seen that impossible things can happen.
– President Trump? His visit to these shores is spookily well timed.
– Prime Minister Cameron? – 2010-2016
– Don’t assume that the SNP actually wants another Scottish independence referendum. Right now a second indyref would have the same result as the first.
The pro-Remain Daily Mirror has an odd choice for its front page:
“THIS IS WHERE THE MONEY GOES”
I know what the Mirror is trying to say, but what with “REMAIN” being in capitals and larger type, the instant impression that it gives to me is that REMAIN is a deep dark hole sucking the hapless voter inwards to destruction. A valiant effort by the Leave mole in the Mirror graphics department, but judging by the final polls, it may not be enough. But don’t let the polls cause you to give up and not bother voting: the pattern has been that phone polls tended towards Remain and online polls towards Leave. I attribute this to “Shy Leavers” being put off from disclosing their true intentions to a possibly disapproving human being, particularly since the murder of Jo Cox. I could, of course, be wrong in this supposition. But it is worth a go.
My final Referendum thought? It’s one you could share with undecided left-wingers. A Leave win would increase the chance of Labour winning the next election, an outcome I do not want. But better a thousand times a party with the wrong policies in power for a few years in a system where we retain the power to throw them out next time than being sucked past the event horizon of the European Union, where all votes are votes for ever closer union.
News from the front line. This comes via a brace of energetic libertarians and their allies who were giving out Libertarian Home branded leaflets today on Oxford Street. The office-worker demographic which was missing from our previous visit was back in force and so the tone of the crowd became much more hostile. Not just taking the other stance in greater numbers, but becoming rude and a little shouty. It seems anyone more removed from the coalface than a shop owner is much more inclined to be a Remainer, and perhaps less friendly too.
This may be hearsay, but the Remain camp were apparently out elsewhere on Oxford Street giving out croissants this morning. We had picked up news (from the ice-cream salesman next to Charing Cross) that the Remain camp had also been out there giving out cakes a week or so earlier. The lady selling Lion King tickets – in the same spot – had apparently feigned agreement and claimed an illegitimate hot-dog. Main course, pudding and a bonus breakfast all served up by the Remain camp.
From where does the money for large quantities of free-food come from?
The statistics to hand have 47% of the population clearly in the second category, where our direct experience had ~90% voting Leave. It seems there is a pivot point somewhere in the range of C1 or C2 where Remain begins to out number Leave. Just as there is apparently a pivot point at age 43. Where exactly the pivot points are will determine the result, but I fear we will find it was a wealthy elite that keeps us in Europe. Divisions like that have consequences.
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