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Sunday, June 19, 2016

There is no Good Reason for Brexit

I mean I haven't heard one.

This piece chronicles how this idea took hold of the Conservative party and how this idea has come to have the kind of support where it seems to have a real shot at coming about. Brexit used to be the obsession of Labour before Tony Blair.

http://www.theguardian.com/politics/2016/jun/15/brexit-how-a-fringe-idea-took-hold-tory-party?CMP=share_btn_tw

I actually think Ryan Cooper has a pretty good explanation of how a bad idea's time has come.

http://lastmenandovermen.blogspot.com/2016/06/brexit-colossal-blunder.html

Basically, the incompetent mess that has been the Eurozone's response to the the slow recovery has given the larger EU a bad reputation. Of course, if the British were talking about abandoning the euro, they'd be 100 percent right.

The euro is a terrible staitjacket and Britain can rightly be proud of staying out-thanks in large part to the Conservatives.

But why get out of the EU? At this point they are getting all the benefits of EU membership without the murder-suicide pact that is the euro.

If there is no good reason to do make this kind of change, then doing it is a bad idea. And there are a number of negative potential effects, both political and economic.

In the Guardian piece, the author, Matthew d'Aconna seems to be sympathetic to the Tory effort and talks about how successful it is. Yet even he admits that if it wins, it will be because of British Trumpianism.

"If leave wins on 23 June, it will be a victory for Nigel Farage. As the referendum has approached, the closing argument of the Brexiteers has been shockingly focused upon the supposed ill effects of immigration, and the misleading argument that leaving the EU will resolve those problems at a stroke. That is the high-carb political junk food on which the leavers have been feeding the nation. It is the old Ukip trick – xenophobia disguised as constitutionalism – and at the time of writing, it is gaining ground."

"Yet the intellectual ancestry of the leave cause has much more interesting and coherent roots than Farage’s pound-shop Anglo-Trumpery. The argument of the more thoughtful Brexiteers is that postwar, post-Thatcher Britain has reached a point of economic strength, cultural maturity and confidence that enables it to be weaned from the unreformable EU."

http://www.theguardian.com/politics/2016/jun/15/brexit-how-a-fringe-idea-took-hold-tory-party?CMP=share_btn_tw

See how he wants to have his cake and eat it too? He wants to argue that there is a real intellectually coherent argument for Brexit, though he admits that if it succeeds it won't be for that argument but for Nick Farage and Donald Trump reasons.

Tyler Cowen asks if Brexit is just a bunch of political theater:

"Yet Britain looks unlikely to exit Europe even if its citizens voted to do so. Instead, the government would probably do just what EU members — Denmark, France, Ireland and the Netherlands — have always done after such votes. It would negotiate a new agreement, nearly identical to the old one, disguise it in opaque language and ratify it. The public, essentially ignorant about Europe, always goes along."

"In contemplating this possibility, leading Eurosceptics have shown themselves to be the craftiest political illusionists of all. Now that Brexit appears within their grasp, they are backing away from it. What they really seek is domestic political power. If Britain votes to leave, the government will fall or, at the very least, the cabinet will be reshuffled. For Eurosceptic backbenchers, this is a once-in-a-lifetime opportunity. Yet they lack parliamentary and popular majorities to govern alone. They would have to strike a deal, which means moderating anti-European demands — all amid post-referendum economic chaos. Renegotiation inside the EU would be almost inevitable."

"That is from Andrew Moravcsik at the FT. I sometimes refer to Brexit as “the Donald Trump of England.” The problem is that while Trump has been falling in prediction markets — down to below fifty percent for the nomination as of latethe chances for Brexit are rising and furthermore Vladimir Putin stands at the other end of the bet."

http://marginalrevolution.com/marginalrevolution/2016/04/claims-about-brexit.html

The Donald Trump of England. That's a good way to describe it after what happened last week.

http://www.nytimes.com/2016/06/18/world/europe/britain-brexit-european-union-immigration.html


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