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Was Brexit a good decision/what will be its consequences?
in Global

By melanielustmelanielust 285 Pts
Consider economic, social, political, and foreign consequences
  1. Live Poll

    Brexit will be...

    11 votes
    1. Ultimately beneficial
    2. Ultimately disastrous
    3. Have no real effect

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  • I think it will be beneficial for Britain in the long run, it's great for long term but it could be tough nkw.
  • agsragsr 861 Pts
    I think that negative impact on U.K. Is underestimated.  EU will likely enforce horrendous exit criteria on U.K. for exiting the membership, UK will suffer a talent drain as it will be more difficult to do business with, the regulatory complexity will increase for U.K. And others.
    Now the entire notion of EU is also at risk as others may look to exit.
    Live Long and Prosper
  • I think it will be good either way for the U.K.
  • inc4tinc4t 184 Pts
    @bg_peoducts19831, I respectfully disagree.  On what basis will it be better? If there are hefty EU separation penalities and followed by economics slowdown why would UK benefit?
  • I think it will be good for Britain in the long run, but it could have some potentially negative effects short term as well.
  • Brexit will be ultimately beneficial if it's in the long-term. It will completely dismantle the idealistic, globalist structure of the EU
  • PinoPino 85 Pts
    The poor broken down Brits are labouring under the misapprehension that they are still a global industrial power and, as their foolhardy pro-Brexitateers try to convince the public, and themselves, that they will be able to ''forge new markets'' to replace the 1000s of businesses which will relocate their operations to mainland Europe so to be positioned at the centre of their marketplace.
    As the negotiations progress and jobs start to disappear like snow of a ditch on a hot day,the awful truth about their nationalistic induced stupidity will sink into their thick skulls..
    The ''job flight'' has already commenced with major banks, financial institutions, one major airline and food manufacturers moving to Germany and Poland.
    I'm sure the other 27 countries of the E.U, will be rubbing their hands with delight at the U.K's economic suicidal madness. 
    As 100s of 1000s of jobs go tax revenues will become depleted while social benefits including unemployment handouts, housing etc., will increase dramatically.
    The inevitable upshot of this will civil unrest as there will be insufficient funds to finance the upsurge in social patouts. 
  • PinoPino 85 Pts
    edited April 2017
    The result of a survey published today and displayed by Yahoo, reveals that the majority of Brits feel leaving the E.U, will be a mistake.
    You have gone and done it.
  • @pino , I don't feel that the word "dummies" is necessary in your debate. Although, I agree with your side.
  • Overall, I do not think this decision will have particularly significant consequences.

    First of all, let us establish some principles that derive directly from economical and political sciences.

    1) Globalism is one of the main reasons free market economies are so prosperous nowadays.
    The ability of companies to manufacture sell their product on a large diversity of markets leads to all involved economies sharing benefits of the outcome of every of the separate economies. McDonalds is incredibly efficient company, and it brings its efficiency to over a hundred economies, adjusting to their current state and benefiting them with the increased money flow.
    Globalism means that everyone competes on the same large shared market, meaning that only the best of the best business models truly achieve success.

    2) Globalism is inevitable.
    However much various countries try to protect their economies from "being taken advantage of" with protectionist and isolationist measures, the age of communications and networks makes sure that such an approach cannot be taken too far, as it would lead to the economy becoming non-competitive in the face of the globalized international economy and transnational corporations - and at that point, again, it would give in to the pressure. The coming of globalism to a given economy can be delayed, but in order to be stopped, a very extreme model such as the one in North Korea or Eritrea has to be implemented, and such models are becoming harder and harder to maintain as the technological development increases the information penetration.

    Given this 2), Brexit is not going to change much: the British economy will still remain open for international trade and investment. It is worth also remembering that the UK was already a bizarre member of the EU, with countless exceptions that none of the other EU countries has negotiated. In essence, the only thing Brexit is going to accomplish is the UK being subordinate to the EU government. And here we come to the next crucial point...

    3) Globalized economy is essential. Globalized government is malicious.
    Many tomes have been written, thousands studies performed, that confirmed something that we have suspected since, at least, the times of the Ancient Greece: centralization is ineffective at catering to the needs of people. The more decentralized the system is, the more people's representatives in the government match their interests, and the more they are able to cater to them.
    One centralized government over 500 million people, even if having very limited powers compared to the localized governments on the union's territory, cannot possibly take into account the interests of all social and economical groups. In the end it necessarily starts serving the interests of a very specific group of people, resulting in an oligarchy first, and a dictatorship later.
    Russian Federation, with the federal powers strongly expanded in mid-90-s, overriding the local mini-governments, is a good example of that: first hijacked by a strong oligarchic class, and then subdued by the hardliners raised on Soviet values - its centralization became the end of its democratic strives.

    The EU at some point became a much more contrived formation, than just an economical and immigration union. It became a centralized power, forcing its will on people. Formed by non-elected officials, it essentially became an aristocratic structure, with no accountability before the people it is supposed to serve. Given in addition the membership of such states not sharing the EU values overall as Greece, Hungary or Poland, it became an instrument of political extortion, where a few small semi-democratic states with nationalist/socialist values used their political influence to corrupt other nations-members with these values.

    The UK is better off without the EU membership, but in case of the UK in particular the benefits of gaining independence are slim, as the UK was not strongly dependent on EU in the first place. On the other hand, something like Frexit would be much more significant for the involved country - albeit, again, it is important to remember that the EU government is not the same as the US federal government, and has (for now) a very limited reach. I would expect, say, France or Germany to gain noticeably, but not significantly, from quitting the organization, or negotiating a special status in it like the UK did in the past.


    To summarize, the UK quitting the EU does not change much either for the EU or for the UK, but some of the other members of the EU quitting could benefit from it significantly more - albeit still not enough to make a fuzz out of it.

    On the other hand, Brexit could be a good precedent, triggering more XX-exits in the future, sending the strong message to the world stating that centralization can and must be resisted.
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