The Great Debate
This is going to be a very long post so strap yourself in for the ride ... We held a Great Debate with some Leave voters who still think that Brexit is a good idea the other week. The video of the debate uncut can be found on EU TUBE. In this piece I reflect on the points made. I am most grateful to Bob who ensured a cordial dialogue. I was pleased to see that he brought a range of colleagues, some of whom agreed with his views on Brexit. This made for a balanced debate.
The case for carrying on with Brexit
Bob is a finance consultant, and it turned out that many of his points for carrying on with Brexit were based on his personal dislike of the Euro and the belief that this experiment in monetary union had been a failure. As secondary factors, he believes that the EU executive is anti-democratic and that the referendum was very clear in its call to leave the European Union in totality, i.e. for Britain to become an isolated nation free to trade with any country that wishes to do so. Here are some points made by those who attended.
Brexit outcomes and Rejoin opportunities
This slide summarises the “headline promises” of Nigel and Boris versus the outcomes from Brexit. It’s not a pretty story. Excuses such as “We got the wrong Brexit”, “Brexit was thwarted”, “Remoaners were just too good at defeating Brexit” are just excuses. Whilst people did not know what to expect from Brexit in 2016, we do now and it’s a veritable shitshow of lies.
On the question of opportunities afforded by Rejoining the EU, read our comprehensive appraisal of this at Brexit RIP : Reboot Britain. The book is an excellent tool of influence. Send copies to MPs, Remainers who need some motivation and Leave voters in remorse. The majority of the leave narrative is about economics, yet Brexit impacts and opportunities cover the full spectrum of STEEPLE factors and not just the £240 BILLION we are losing by carrying on with Brexit EVERY year. If you object to buying stuff on Amazon, you may order it via Waterstones etc. or buy direct by sending an e-mail to reboot@brexitrage.com stating how many copies you would like.
Grab your copy of Brexit RIP : Reboot Britain
On democracy and sovereignty
Charles Radley pointed out that the EU commission can be fired by the EU parliament which is a directly elected body to counter the assertion that the EU is an unelected bureacracy. Peter raised the Organisation Development issue (OD) that all large enterprises have faults. The EU is no different than a large enterprise in so far as it runs a meritocracy, with senior figures elected based on their capabilities. One can argue about the merits of a meritocracy versus direct election by the people. Notable problems with the latter approach include the election of Boris Johnson by the people, who showed himself to have little flair for leadership of the country and Nigel Farage by the people of Clacton who has singularly failed to serve his constituents whilst trousering foreign donations for "security" and whipping up hatred in Britain.
It’s not just the economics, dammit
There was an interesting debate about the economic impact. It matters not whether it's the 4.5% figure or the 6-8% figure, the impact dwarfs most things in Britain. For comparison, it took just 3% GDP loss to plunge the world into recession in 2008. £240 BILLION lost every year is an eye watering number.
Alan Meekings asked the question of Bob: Are you seeking to avoid, or perhaps ignore, the headline adverse economic impacts of Brexit, as identified by Nick Bloom and his co-authors at Stanford, namely:
(1) UK GDP: about 6% to 8% lower by 2025 than it would have been without Brexit.
(2) Business investment: about 12% to 18% lower.
(3) Employment: about 3% to 4% lower.
(4) Productivity: about 3% to 4% lower.
See The Economic Impact of Brexit Nicholas Bloom, Philip Bunn, Paul Mizen, Pawel Smietanka, and Gregory Thwaites. NBER Working Paper No. 34459. The Rest is Money. EconoFact Checks: Lessons from a decade into Brexit.
Bob also wished to add some clarifications on the ECB: The main transmission mechanism for monetary policies aimed at ensuring price stability is the interest rates paid on the accounts held by commercial/private banks in the books of the member state national central bank that sponsors them into the Eurosystem (the ECB only runs accounts for the member state national central banks, not for commercial/private banks). The ECB eliminated this transmission mechanism when it stopped paying interest on those accounts, with the aim of precluding that losses on the ECB’s equivalent of QE might be passed up the line from the member state national central bank to the ECB, triggering a requirement for the ECB to be recapitalised. The situation is alluded to in this blog, which explains why the Bank of England should not do the same.
Phil Emsley responded: What the ECB do is down to them and you accept it or get out. The EU needs to be reformed and if remain and reform was on the ballot it would have won by a landslide.
Project Fear
The usual arguments about Rejoining came up : "They don't want us back". "We'll have to have the Euro" and so on. These are the Project Fear arguments to stop us applying. As Greg stated : All it needs is a letter from the leader, the PM, to say "We would like to join the EU, please".
There was the strange contradiction that it appears that few remaining leave voters trust the EU, but they are willing to use the EUs rules to prevent UK from Rejoining. Steve W gave several examples: For example "Ireland and Northern Ireland rejoining would get EU acceptance". This is incorrect.
Immigration
Monica del Pilar Uribe Marin from The Prisma Newspaper added "Immigration is indeed a very important issue in the whole Brexit debate". The immigration issue is yet another issue which Nigel Farage has managed to force into the Overton Window when solutions to this matter are available and some are gradually being implemented. Here is our algorithm from 2023 which outlines the needed process. Before Brexit only 7% of British people cared about migration. This is a classic example of a manufactured issue by NF.
It's easy to throw stones from the sidelines and I note that Nigel no longer wants to talk about Brexit now that it has been shown to be a failure. Cue "Pure Cold Rage", his next manufactured issue to keep people angry.
Thank you to Bob and all who attended. I next look forward to a debate with Steve Horton, Head of Logical Politics, who chickened out when he was invited. Logical P aim to unite the Far Right including affiliations to the EDL and BNP (now removed from their website, oh dear).
Grab your copy of Brexit RIP : Reboot Britain
Rejoin is military necessity