As Americans contemplate the intellectual breakdown of our two major parties, Brits and Europeans are trying to figure out what the state of their union is.
Does Brexit spell disaster for Europe?
Germany’s vice-chancellor is just the latest European bigwig to preach gloom and doom. According to the BBC, “Sigmar Gabriel said the EU would go ‘down the drain’ if other states followed Britain’s lead and that the UK could not keep the ‘nice things’ about Europe while taking no responsibility.”
What that “responsibility” is, I do not know.
But look: it is not as if an international order is all that difficult. In the 19th century, freedom of movement was accepted as the civilized standard — except in Russia.
In the 1800s, Britain and France agreed to bilateral free trade, and then Britain went unilateral with free trade. Prosperity ensued in Britain. Even in Europe proper, the century-long trend of wealth was upward.
And now a number of economists are advising the new British government to follow that old path — “a unilateral free trade deal would allow the UK to import cheaper goods and gain access to new markets, delivering greater prosperity,” The Guardian summarized.
Maybe the EU should go under. For the key to the union was subsidies along with EU-regulated trade. European states could adopt free trade without bullying from Brussels. And forget subsidies as a way of life.
America could do likewise, but not if Hillary or The Donald gets elected.
This is Common Sense. I’m Paul Jacob.
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4 replies on “States of the Unions”
Forget it. You will never see a Libertarian president in your life time. Better support Trump. If Hillary wins, it will be the last nail in the American cofffin.
Agreed.
We’re pretty sure Trump will do the equivalent of Brexit. Followed by some form of free trade, though with the removal of major global cartel privileges. My guess is he’ll wind up figuring out a better way than what we have now and certainly better than TPP/TPIP.
Why do you want to pre disqualify Johnson. Clinton is a confirmed socialist and Trump a confirmed Fascist (and that Trump has proved in spades particularly with the worst of the Alt Right in his camp) looks like to me one should be equally concerned.