Brexit–Warning to the Elite

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    Do not think about, write about or deal with  human behavior without determining the effects of incentives. It’s not their money, of course they’ll waste it.

  This is the one hundred and fortyfirst anniversary of the Custer massacre. As Custer was told of the Indian encampment, he said, “I think we can get through them in a day.”  Then, defying all logic and sense, divided his command into three parts. Hmm.

     Wherein we see that membership in the European Union was held by the Elite to be a wondrous thing, it disappeared into a welter of cost, regulation and liberal preaching.

National Post – (Latest Edition)
Explaining the Brexit

IT’S A REACTION TO BIG, OBTRUSIVE GOVERNMENT THAT HAS EXERCISED POWER OVER MANY ASPECTS OF LIFE FROM OUTSIDE THE COUNTRY.

Britain’s momentous vote to leave the European Union has pundits scrambling to explain how this remarkable triumph for the Brexit camp happened, and what lessons, if any, the rest of the world might glean from the British public’s choice. There is understandable concern about the effect the vote will have on the British economy, though Canadians may take comfort from the fact that the uncertainty has strengthened our dollar ’s value against the British pound.

What troubles even some of the European Union’s fiercest critics is the ugly t urn t he campaign
took in its late stages, and the prospect that a xenophobic, anti- immigrant sentiment could be attributed to a country where the foreignborn population more than doubled in the decade after the creation of the EU. Membership in Europe had the U. K. experiencing a surge in immigration that saw the number of foreignborn citizens increase from almost two million to more than five million.

Immigration is one piece of the puzzle that explains the Brexit vote, but it would be a mistake to view bigotry and chauvinism as the drivers behind the dramatic result. Yes, 77 per cent of Britons think that immigration to their country should be reduced and, yes, the popularity of the immigrant- bashing U. K. Independence Party has risen considerably. But the heart of these trends is not a growing hatred of outsiders — it’s a feeling among millions of British people that they no longer have a say in their own lives. In other words, the Brexit is about a human reaction to big, obtrusive government that has both literally and figuratively exercised power over many aspects of life from outside the country. Overbearing bureaucracies are alienating enough when they are homegrown; the hostility and resentment grow greater, the further the administration is from the voting reach of the hapless citizens whose destinies are affected.

That i s obvious in the Brexit vote, which was preceded by much talk ( and examples) of the Brusselsbased EU’s strangling regulation of British business. Not long before the referendum, hundreds of small U.K. business owners joined in a letter to The Daily Telegraph newspaper urging an exit from the union so the U. K. could achieve “flexibility and adaptability” — presumably hard to do when EU regulatory demands cost the country 33.3 billion pounds, according to an Open Europe survey. The degree to which Britain has suffered from EU- generated bureaucracy is debatable; the Economist columnist Buttonwood pointed out that despite costly EU regulation, the U. K. has been consistently among the top 10 in recent global competitiveness and “ease of doing business” rankings. But in some ways, the numbers are less important than the perception. And, as Buttonwood also put it, “It is virtually a truth universally acknowledged that Britain is drowning in red tape sent from Brussels.”

Anyone who claims to know definitively whether Brexit will be a net economic gain or loss for Britain is either lying or in possession of a crystal ball. The most realistic estimates we’ve seen come from Open Europe, which predicted last year that in a worst- case Brexit scenario, U. K. gross domestic product would be 2.2 per cent lower in 2030 than it would have been had the country remained in the EU while in a best- case scenario, GDP would be 1.6 per cent higher in 2030.
The lesson remains the same, regardless of the outcome: no matter how many economic benefits a deal or agreement confers ( and the EU unquestionably conferred economic benefits on Britain), it won’t last if it creates negative impacts on people’s autonomy. British people voted to leave because they wanted to feel like they were running their own country … and ultimately their own lives. There’s a note of caution there for every overreaching government throughout the lands.

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  Economic activity in Britain will be more agile and less burdened by taxes and regulation. I predict that there will be substantial economic benefits from Brexit.

Government Job or Respect–Which’ll It Be?
Cheerio and ttfn,
Grant Coulson, Ph.D.
Author, “Power Teaching: How to Find Someone to Teach Your Child when the Education System has Failed.
Cui Bono–Cherchez les Contingencies

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