New EU Order

I just can’t leave you guys alone, can I?  I mean, I go away for a weekend holiday and BREXIT happens!  I mean, really!!

Anyway, the squirrel is now back and as a public service to those who are still stunned and confused over what happened, here is “Brexit for Dummies”.

#1.  The British held a referendum where they could vote to Remain or to Leave the EU.

#2. Guess what the Brits chose!

#3 The result was a shock to many around the world and gave many politicians, leaders, captains of industry, financiers and ordinary citizens a BIG, BIG headache.

#4. It would seem to me that Britain would be poorer for leaving the EU.

#5.  What followed has been precipitous drops in the value of the British currency and stocks, downgrading of the country’s credit rating and England’s soccer team being knocked out of the Euro 2016 by lowly Iceland.  It has been a bad week all around.

#6.  Finally, as the early impact of the decision is being felt and some Vote Leave politicians backtracking on what the promised could be achieved by leaving the EU, more than 3.5 million Brits have signed a petition asking for a second referendum in what can only be described  as BREGRET.

14 thoughts on “New EU Order”

  1. I will simply say that Britain just proved that in fact they are an Island,; unlike that fellow no man. So far American owned stacks have lost $200 billion–I don’t own any stock. I wonder how my pension fund is doing?

  2. Mark,
    I have a lot of problems with the way that globalisation is controlled by the small elite class but not flowing with the stream may mean being left behind in a backwater eddy. Hope your pension fund is OK.

  3. Secret Agent,
    The thing is that on both sides on the pond, some politicians are telling outright lies and the people still just want to believe. At least Boris Johnson is not going to be UK Prime Minister. Trump?

  4. Opt Existentialist,
    Shocking news seems to be becoming the new norm. Things are a-stirring. Things aren’t going to be “normal” anytime soon. But we keep trying to be optimistic, right?

  5. I would have voted to leave. As for “not liking Europeans,” isn’t this a straw-man objection that would be akin to claiming that Americans who don’t want their country overrun by people from Mexico don’t like Americans? It’s hard enough to run one’s own country without forming a conglomeration that’s even harder to run.

  6. “It’s was overwhelming older, xenophobic voters as I understand it.”

    If you don’t like the way someone votes, and, by implication, you connect their vote with your belief that, with age, comes bigotry, aren’t you showing bigotry against the aged? Yours is not an objection but an ad hominem attack.

  7. Snowbrush,
    I understand both sides of the argument. On one hand, the centralised bureaucracy of the EU does seem to have gotten out of hand. The concept of political union of one shade seems like over-reaching. But on the other hand, the economic union of EU brings much benefit. The ideal was to negotiate a change within the EU. Now this is much harder to do from outside the union.

    But the thing that gets me is that certain leaders in the Brexit camp told very bold and influential lies and now many voters are regretting their support for Brexit as the truth is being revealed. For example, Brexit promised some 350 million pounds per week would become available for the national health service if UK left the EU. Now they admit that it just won’t happen. Instead, the health service may end up understaffed by as much as 25%. Net result, health care will deteriorate instead of improving as was promised by Brexit campaigners.

    The young people are angry because the vote affects them negatively in a big way as far as jobs and education opportunities. They see that their future is the one most affected.

    It is also interesting that during the Scottish independence referendum, people were promised that independence would mean that Scotland would keep all their oil revenue instead of sharing them with the rest of UK, making them rich. But soon after, the oil prices plummeted and it became clear that Scotland would have been heavily in debt if they had pulled out of the UK.

    Is UK better off outside the EU? Maybe…..some time in the future ….perhaps. What is certain is that the near future is uncertain and likely very painful.

  8. “The young people are angry because the vote affects them negatively in a big way as far as jobs and education opportunities.”

    I understand this. But I’m also shocked by people who speak as did one of your readers. To dismiss the opposition as “old and xenophobic,” doesn’t come from a desire to understand others but to dismiss them as unworthy of understanding. I actually remember a time when liberals didn’t label everyone they disagreed with as having a psychological deficiency. And to think that its liberals who pride themselves on honoring diversity.

  9. Snowbrush,
    I can agree with you about that in that too often these days one view is championed in the name of democracy and equality and justice but to the extent that no one is allowed to hold an opposing view. However, I don’t think the Secret agent is wrong to say that the Brexit voters were older as this was in fact the demographics of the vote. Concern about immigration and East Europeans taking jobs and social benefits were also the main reasons many gave for supporting Brexit. But I think it is perhaps important to understand why they have these concerns and yes, they should not be ignored. Agreement can only come if attempts are made to address everybody’s concerns. Unfortunately, UK society and its politics look very fractured now.

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