If you think that isn’t going to have tremendous ramifications down the road you’re nuts. Heck, we’ve got plenty of ramifications right now.
Brexit was a massive win for those of us who oppose crony capitalism. It was a line in the sand, in the Channel, and Britain in the end decided to remain Britain and to tell the eurocrats to take a hike.
But the folks in Brussels and many EU apologists warned of dire consequences if Britons dared assert themselves. Basically these fear mongers have been completely wrong. Britain’s future if anything looks a bit brighter today than pre-Brexit.
In the attached article The Economist frets that the trend toward “globalism” (their word) is in jeopardy. And what the magazine or “newspaper” calls globalism is indeed being challenged. The headlong march toward transnational governments embodied in the European experiment is under attack. And for good reason. People feel disenfranchised.
The average person sees a “global order” (again The Economist’s words) which cares little for the “pedestrian” interests of the middle class. The bourgeoisie sees a rising crony class,
One of the reasons many people in this country and around the world are turning their backs on the old order is because the old order seems to live in an alternate universe. The desires and aspirations of the political class seem totally divorced from the desires and aspirations of most everyday people.
At first people questioned themselves. A few years ago many folks were still willing to give the political class the benefit of the doubt. Governing after all was the business of the political class.
Hans-Hermann Hoppe shares his insight on the nature of the European Union, the future of the world economy, and the danger of the USA embracing a European type economy – which basically it has.
Indeed the Brexit result is a time to press the accelerator not to coast and to seek “consensus.” There will be a time for consolidation but that moment is farther down the political road. Pick your way carefully. But keep pressing on while the lines have been breached. Don’t even think of treaty at this point. There will be time for that.
Surely Brexit was deeply divisive. And not just in Britain. But Brexit, the rejection of the European Union superstate and bureaucratic aristocracy is a win for liberty,
This is an excellent bit of analysis from Joel Kotkin. He’s right on the money as far as we’re concerned. Please notice that the word “experts” is in quotes.
He’s right, the great Western middle class is in revolt. The great core of the West has been dismissed and marginalized for too long. It is sandwiched between the crony class, with its connections, its access to taxpayer and central bank money, and a significant, poorer part of the population which has thrown in completely with the state (largely because it has little choice).
Never underestimate the daftness of bureaucrats. Never.
This is from 2011 but it’s still great. HT Aaron Day
This reporter I am guessing wouldn’t get in the face of Hilary Clinton like that I am sure. And the hostile finger pointing is just not OK. But I have little doubt that this is what the producers at CNN wanted.
Hope you bought the dip. Lots of our readers said they were going to.
Scotland has an ongoing deep historical beef with its neighbor to the south. It votes differently than England, to say the least. This was certainly true in the referendum last week. But Scotland constitutes a relatively small part of the overall British population. It had only 8% of votes in Brexit.
Matt Taibbi is one of those people I put in the “principled liberal” camp. (And I do consider him a “liberal” in the good sense if not the classical sense.) He and I often disagree on important issues but the guy has a keen eye for injustice and has done an excellent job of pulling back the curtain on the Wall Street wing of the crony class. (And the City of London also.) He offers a very reasonable and reasoned analysis of Brexit below.
As we said in an earlier post, the guys running the show in Eastern Bloc countries weren’t happy when the Berlin Wall came down. Likewise the apparatchiks of various sorts deeply embedded in and often reliant on the European Union system have had heart attacks in the face of Brexit.
Brexit is not on par with the collapse of communism however. The end of the Cold War was more than surprising, or even mind blowing,
Brexit has hit the crony class hard.
The cronies, on Wall Street, the City of London, Washington, London, Brussels, and pretty much everywhere are not used to getting punched square in the jaw. They like their fights rigged (for them). However the connected cronyweights got absolutely clocked on Thursday.
A knockout punch? No, but a deep, jarring, resonating blow to be sure. Call it a pounding.
Now the real fight begins.