Another elitist crony against Brexit.
Sir Nicholas Soames, a member of the U.K. parliament and the grandson of Sir Winston Churchill, said it's a bad idea for the United Kingdom to split from the European Union.
He is also a big supporter of his evil grandfather.
-RW
Hi Robert,
ReplyDeleteI am commenting here for the first time. I have to say that I am a big fan of yours and your analysis is the best I have found to date. I especially appreciate that you are not a perma-bear like the so called Austrian lites as you call them.
However, I do disagree on the Brexit issue. I'm living here on the continent in one of the EU-member states and I've also lived in the EU-capital Brussels for a while.
Now to be honest a lot of things that the EU does is non-sense in my opinion, especially the quasi-democratic European Parliament, the existence of which is in my opinion completely unfounded. The funds spent by the EU are wastefully spent and many of its policies are also harmful for the welfare of EU citizens.
However, Great Britain being part of the EU is good for the EU, as Great Britain is relatively free-market oriented compared to countries such as France. That is why I fear that the EU will regress with the departure of Great Britain. On the other hand, whether Great Britain would be better off out of the EU is really dependent on the policies they would adopt after leaving.
I would like to point out though that the EU at its core is a force for good. The four freedoms of the EU single market definitely and the protection thereof are for sure the single most important thing the EU does. It is easy for a libertarian to critique a Supra-national entity as the EU and it is a horrid institution in many ways I agree. But what is not widely understood is that the EU often acts as an institution which protects people from its member-states from their national governments, which often don't like that they have to allow foreign capital or foreign workers into their countries. Unfortunately, my experience of having been born and living here on the continent, has me thinking that without the EU, most member states would be much worse off (and that is speaking as a libertarian).