Far East Cynic

The Queen’s unruly subjects.

John Oliver explains in good form why the UK should leave the shitty politics , as well as the political assassinations, to their crazy American cousins on the wrong side of the Atlantic:

Since we have a British satellite system, we are getting to see a lot of the debate on the issue first hand. And as Oliver pointed out, even if you are one of the maniacs who is a Trump fan, you still have an important reason to care about the Brexit. It’s going to fuck with your retirement savings. That’s because we are globally connected now and what happens overseas affects your investments. Or need I remind you of what happened when the Chinese market tanked last year?

The liberal Leavers are peddling an illusion. On contact with the reality of Brexit, their plans will fall apart. If Britain leaves the EU, it is likely to end up poorer, less open and less innovative. Far from reclaiming its global outlook, it will become less influential and more parochial. And without Britain, all of Europe would be worse off.

Start with the economy. Even those voting Leave accept that there will be short-term damage (see article). More important, Britain is unlikely to thrive in the longer run either. Almost half of its exports go to Europe. Access to the single market is vital for the City and to attract foreign direct investment. Yet to maintain that access, Britain will have to observe EU regulations, contribute to the budget and accept the free movement of people—the very things that Leave says it must avoid. To pretend otherwise is to mislead.

Those who advocate leaving make much of the chance to trade more easily with the rest of the world. That, too, is uncertain. Europe has dozens of trade pacts that Britain would need to replace. It would be a smaller, weaker negotiating partner. The timetable would not be under its control, and the slow, grinding history of trade liberalisation shows that mercantilists tend to have the upper hand.

Nor is unshackling Britain from the EU likely to release a spate of liberal reforms at home. As the campaign has run its course, the Brexit side has stoked voters’ prejudices and pandered to a Little England mentality (see article). Despite Leave’s free-market rhetoric, when a loss-making steelworks at Port Talbot in Wales was in danger of closing, Brexiteers clamoured for state aid and tariff protection that even the supposedly protectionist EU would never allow.

The pandering has been still more shameless over immigration. Leave has warned that millions of Turks are about to invade Britain, which is blatantly false. It has blamed strains on public services like health care and education on immigration, when immigrants, who are net contributors to the exchequer, help Britain foot the bill. It suggests that Britain cannot keep out murderers, rapists and terrorists when, in fact, it can.

Britons like to think of themselves as bracingly free-market. They are quick to blame their woes on red tape from Brussels. In reality, though, they are as addicted to regulation as anyone else. Many of the biggest obstacles to growth—too few new houses, poor infrastructure and a skills gap—stem from British-made regulations. In six years of government, the Tories have failed to dismantle them. Leaving the EU would not make it any easier.

Leaving the EU is a terrible idea. The EU is not perfect, but as I have said before, just because a car gets lost, does not mean you blow the car up.

America has more than the world’s fair share of selfish pigs. Britain, we don’t need you trying imitate them.