Wednesday, 29 June 2016

BREXIT

"Brexit" has claimed its first political victims - the Rt. Hon. David Cameron and the Rt doofus Trump (although the latter, sadly, will survive politically to become POTUS) and the political establishment; the speculators & gamblers (AKA investors) in the markets are all a-flutter selling like crazy in anticipation of losing lots and lots of money...
Over the next two years Great Britain will negotiate leaving the E.U.
The ordinary voters basically just laid a smack-down on the political and economic establishment which is what happens when you run a rigged system for too long. Much has been made about the racially biased attitudes that came out in the debate and the high correlation between disliking multiculturalism, social liberalism, feminism, the Green movement, &c. with the overall 'leave' vote.The point many pundits completely miss is the racial component comes out when the economics starts to fail large parts of the populace.
It's about people looking for proximate causes for systemic issues and about the fact that if Britain benefits, Britains, the working classes, are definitely not.

True, the E.U. brings in about £10 of economic benefit for every £ it costs, but if £9.10 doesn't make it down to the people, then why would they continue to believe in such a system? People who are unemployed look for a plausible reason and immigrants and migrants coming in working for less money is a pretty obvious apparent cause. Business owners who see costs rise to protect the environment grumble about lost profits, especially when local industries are wiped out by cheaper imports.
Globalization in general has had the same effect around the world. Many people have profited, but most people who started well-off have found themselves struggling and going downhill as a result, and only a few at the top of the heap have enjoyed extreme profits.
The numbers, i.e. the GDP -- which if you look at it carefully really doesn't measure anything worth measuring -- are all going up, but the wealth isn't "trickling down" to anyone.
So the voters basically chose to dismantle a system that, in their experience, is costing them more than benefiting them. The people at the top have forgotten that the economy is supposed to serve the needs and wants of the people, not the other way around, and this is the inevitable result.
The good part is it's was done without violent revolution, but the bad part is Britains probably won't be better off as a result, but they may be better off in the long term.

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