This is encouraging to see from Prime Minister May. She might just halt a massive crony energy deal previously supported by both the Conservatives and Labour. Not to mention the governments of China and France.
The project was to be subsidized by Britain’s taxpayers.
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,
Yes and no. The public in voting to leave the EU did stare down the fear mongers in the banks, unions, government, and media which told them that the world would explode if Briton dared think for itself. So yes, in that way.
But also no. I think many Britons know that the EU is a sinking ship in many respects and think their economic prospects over the medium to long term are much better without Brussels holding them back.
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.
Image: Screengrab from CNBC video
This is called “an excuse.” People wanted to sell, they saw a big fat excuse to sell in Brexit, and so they have. (Some were just sure that Brexit wouldn’t happen and were simply forced to sell.) Smart people are also prudently looking to buy. But one way or another life will go on and the world will adjust. The big banks just got socked and that is a good thing.
This is excellent news. And what may appear as a purely European and British issue is not. It is vitally important for those of us in the States also. A rejection of the EU by the UK is a rejection of the deeply crony political system which has metastasized in Brussels. If the Brits choose to leave the EU it will be a rebuke of the bureaucratic technocratic culture which has emerged on both sides of the Atlantic since the end of the Cold War.
It was my understanding that Britain fought a war to keep from being dominated by the Germans.
Pay attention hipsters, the day of reckoning may be upon you! (That is if you are still wearing a beard at this point.)
I will say that if they try to tax beards in the States I will grow mine back.
If Britain votes to leave the European Union next month it will be a victory for anti-crony forces in the world, which is to say most people in the world. It will be the first time the expansionist technocratic European attempt at a superstate will have been rebuked in a way Brussels can’t dismiss.
However, most of the big power players want the UK to stay in the EU to make life easier for them. The big banks want the UK to stay.
British tea, it’s a deeply loved institution. But the EU wants to ban certain kettles and toasters for environmental reasons, (the world is going insane) both appliances being key to the afternoon snack.
This was supposed to stay on the down low before the upcoming “Brexit” vote lest it tip the scales away from Britons staying within the German dominated European super state.
A message from the NHS.
Younger doctors want extra pay when they work weekends. Not unreasonable I suppose. But a doctor strike? How does that factor with the ole’ Hippocratic Oath thing?
Britain is facing an important moment. Does it leave the European Union? Let’s hope for Britain’s sake (and ours) that it does.
Let’s just hope the crony commies don’t end up crushing the gem.