Turkeys don't vote for Christmas
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Turkeys don't vote for Christmas
Forgot to mention Eddie Izard as well
One of the most cogent and coherent things I have seen written about this debate.
You've managed to articulate many of thoughts I have been struggling to express.
I especially like the comment about 'government versus governance'. Did you think of that yourself or see it somewhere else. Its hugely important.
I always find this rabbit attitude to the Euro odd. I am back and forth to Ireland all the time. As it is well known they have had their problems. It is simplistic to say that the inability to control their interested rates led to a flood of cheap money, that was used in the construction boom and then bust. Inept goverment/regulators that ignored the warnings, and were even complicit in trying to bury the consequences (https://en.wikipedia.org/wiki/Anglo_...ns_controversy) was the number one cause of the crash. No credible person in ireland would blame the Euro/propose leaving. If the Euro is such a disaster why is that?
Greece is another example. Anti Euro people say the Euro stops them devaluing. Not sure if many economists would say that devaluing is a credible way of fixing an inheriently broken economy. Do you blame the Euro for highlighting that the Greek economy is broken? It's a bit like shooting the messenger.
You've mentioned Greece and Ireland but you could also mention Spain, Portugal and Italy (at least) as countries that have struggled through having the euro.
The euro has been a disaster. It amazes me that there are still people who delude themselves into thinking otherwise. It was and is a political project that was implemented without the building blocks needed for it to succeed, namely political and fiscal union. So countries with very different economies trade using the same exchange rate and adopt the same monetary policy. It is a one-size fits all policy that clearly doesn't work. A good example was in 2011 in the midst of the euro crisis when far from decreasing interest races the ECB actually increased them (twice!) due to German fears of inflation. But what the German economy needs is not the same as those of southern Europe.
Imbalances in political unions like the UK and USA are flattened out by fiscal transfers from wealthier to less well-off regions. In essence poorer regions are compensated for not being able to devalue their currency. This doesn't happen in the eurozone.
Currency devaluations are no panacea I agree but they give an economy breathing space in times of crisis. When the UK came out of the ERM in 1992 on "Black Wednesday" a swift currency devaluation followed. 16 years of unbroken economic growth followed. "Black Wednesday" became "Golden Wednesday". No wonder Norman Lamont was singing in the bath.
Let me pose a question (similar to Witton's on the EU in general). If the euro has been a success why is it that not a single trading block around the world wants to copy it?
Thanks Wheeze. I can't claim that no. It is something refered to in the Grix paper and I think it is something coined by political scientists.
http://www.huffingtonpost.com/frank-...b_6858646.html
It's good to see the 'Remainers' getting a reasoned trouncing.:)
For me this vote is about potential. Which of the votes will lead this country towards greater freedom. In that respect neither looks very promising but the 'outers' have more of an understanding of what freedom entails. Without that understanding of 'what's wrong with Europe and the Union' we wouldn't be having the vote next week.
The European Union has created a welfare dependency and I'm not referring to the unemployed, although that is a consequence. They've created it amongst workers in various sectors who have become dependent on handouts. Some farmers, scientists and those in alternative energy industries spring to mind. They've also created a human rights act that positively discriminates for certain individuals against others. Add to that the long gravy train of suckers who bleed this country and you can see why the 'outers' are picking up momentum.
The main European players don't grasp the concept of 'freedom.' They just pay lip service to it when something bad happens, like when nutters go rampaging through the streets in the name of religion. The rest of the time they walk over it. In France recently for example workers were striking and rioting against a fundamental individual right I.e. to sell one's labour and time for the hours one chooses. Then look at the young unemployment in countries like Spain and the inherent corruption in places like Greece.
Yes Europe is in a trouble and if we remain we'll cop for more of the same as our leaders tie us up further in political union. We'll be stuck as Europe extends the welfare dependency to others. The rich people who benefit from this economic Fascism will continue to prosper and everyone below them will be left without defence as Europe feeds off them.
So Forumites vote out on Friday and put the brakes on the gravy train.