Sponsored Content
Q-Poll: Clinton Up by 8 In Florida, But Tied with Trump in Ohio and... Pennsylvania | Main | Gun Store Refuses to Sell Gun to a Reporter, Citing His History of Alcoholism and Domoestic Abuse
June 21, 2016

BREXIT. Why Is It Existentially Bad For The Elites? [CBD]

Out brexit.jpg

Okay....I got this from Elizabeth Hurley's twitter feed, so I am predisposed to approving of the sentiment.

The Washington Examiner had a good piece on it, interestingly titled, Brexit vote: It's more American than you think

And more from Jim DeMint and Nile Gardiner

But the possible withdrawal from the super-national government of the EU on the part of Great Britain is certainly, in the short term, bad for the financial markets. There were essentially no boundaries between the London financial markets and the rest of Europe, so a withdrawal will add complexity to the transactions between Britain and Europe...and that means added cost.

So who does that hurt? Certainly the green grocer at the end of the lane will be penalized in some small way. His financial transaction costs may rise slightly, and the cheap labor he uses to dump the trash and swab out the toilet will probably become more expensive as the labor market is slightly more restricted for "foreigners."

But it is JP Morgan and DeutscheBank and Goldman Sachs and HSBC and Barclay's and the heavy hitters in finance (and their wealthy customers) that will be penalized as well. And the organizations that thrive on cheap labor crossing porous or nonexistent borders will also be hurt.

Sound familiar?

Who will be helped?

That green grocer who pines for the days when being "British" was a point of pride. When he could think back about his grandfather, the fueler on some remote airfield, who helped Great Britain beat back the Luftwaffe onslaught during the summer of 1940, and realize that he was connected to a grand and glorious endeavor that was bigger than any one man. Or the 60 year old woman who saved up to visit her uncle's grave in France, and cried despite never having met him.

Eurotrash will never admit it or understand it, but there is something good about the simple declaration, "I am an Englishman."

They will have some small measure of pride in country returned to them, as the unelected bureaucrats in Brussels froth and seethe that they can no longer tell the British what size garbage bag must be used in which size can. Or the appropriate font for tinned meat labels....

digg this
posted by Open Blogger at 03:39 PM

| Access Comments

Recent Comments
Notorious BFD: "Have a good one, y'all. Maybe see ya later this ev ..."

golfman: "He is threadbare and raggedy like (like me), but I ..."

JQ: "We, too, have an overabundance of wrapping paper! ..."

golfman: "Posted by: PaleRider at January 29, 2023 03:52 PM ..."

Notsothoreau: "Okay, here's the fix for the yarn. All that yarn i ..."

Noam Sayen: "Now talk about the many charities supposedly helpi ..."

Notorious BFD: "[i]We're starting to drop like flys now.[/i] Th ..."

Captain Josepha Sabin -- I wasn't particularly fond of the '70s the first time around: "After my first year or so working as a bookseller, ..."

GWB: "We're about to start learning those same lessons t ..."

PaleRider: ""find the things" ugh, stupid typo. ..."

All Hail Eris, Sans-Culottes (except for the Book Thread): "Are there places that will take good (or goodish) ..."

cfo mom: "Speaking of sentimental stuff you just can't bring ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64