“Leave, leave, leave” is what I heard at the train
station this morning overhearing a conversation of a few people on their way to
work. How to make a decision which is right not only for the now, but for
generations to come? What will safeguard our own, and also broader interests of
the world. As Boris Johnson put it, this is our ‘once in a lifetime opportunity’
to put our future in our own hands. In whose hands? There is clearly no silver
bullet when it comes to governing a country. If the UK leaves the EU, the
business world is already warning of tip over into a ‘technical recession’.
Whether this is founded or not is under debate, and how it would automatically
cause a recession is also to be seen. On the economic front, whether businesses
and the nation would be able to agree multiple bilateral trade terms with
foreign counterparts as easily, is the primary determinant. The ‘EU Passport’
which the UK holds and now many UK branches of banks use as the basis of having
a European HQ in London, may or may not be available as easily. Either way,
work would need to be done on the part of businesses to plan for this should
the UK leave; and arguably should have been researched to the full extent in
order to give the voters a definitive view on impact and not a speculative one.
It isn’t something they want to do for understandable reasons; capital is low,
another feasibility analysis which doesn’t lead to profits, may not be so
appealing. The claims that the sterling will drop by 15-30% in value if we
leave, again is an estimate; the basis for which is yet to be made clear.
Savings made from less regulation, and less payments to fund other parts of the
EU have been cited by the leave camp also. The UK has coped relatively well
with terrorism given threats vs incidents, therefore anything that may affect
the way we are kept secure, scares the average person and understandably so. Are
there any ‘un-mitigatable’ security threats arising from leaving? The UK’s
membership of NATO and the UN secure a baseline of involvement and
intelligence, and agencies would have to ensure continuity of the current
measures in order to mitigate. Is this impossible? Probably not. Immigration is
the largest topic for many voters, and its impact on social security,
healthcare and so on has been large of late. It’s clear given the current
economic condition, various kinds of inefficiencies in public services, that large
numbers of the types of migration we have experienced are difficult to justify.
Economics v
Politics
Responsibility
In a team sport such as football, a loss is often difficult
to attribute to an individual. Therefore exacting lessons may be more
challenging. The smaller the team, the easier it is to identify where the
shortcomings were, and with an individual sport, it is yet easier to identify
individual actions which led to defeat. Being part of the EU and having directives
driven by a central body, has given the avenue to place blame and say certain
rules are out of the UK’s hands due to majority voting. Leaving the EU would
firmly place responsibility back to the UK government. Making decisions on
issues such as immigration may be easier. Regulating a competitive financial
market, and controlling it may be easier. Realistically, the world is still
suffering from the financial crisis that dates back before 2008. An economy
where the only indicator on the rise is house prices, and everything else going
down, is not promising, nor easy to manage. The number of double edged swords
increase in such a situation, and it is unfortunately something symptomatic of
irresponsible behaviour that creates a cyclical effect. Taking responsibility would
mean to be extremely bold, weed out the root causes, not be afraid to address
them, and uncompromisingly progress towards eliminating them and replacing them
with sustainable processes that don’t give rise to high volatility cycles as we
have seen, in a way that is entirely transparent.
Truth