• 287 days Will The ECB Continue To Hike Rates?
  • 288 days Forbes: Aramco Remains Largest Company In The Middle East
  • 289 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 689 days Could Crypto Overtake Traditional Investment?
  • 694 days Americans Still Quitting Jobs At Record Pace
  • 696 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 699 days Is The Dollar Too Strong?
  • 699 days Big Tech Disappoints Investors on Earnings Calls
  • 700 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 702 days China Is Quietly Trying To Distance Itself From Russia
  • 702 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 706 days Crypto Investors Won Big In 2021
  • 706 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 707 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 709 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 710 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 713 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 714 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 714 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 716 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

After 'Brexit,' Can We Exit a Few Things Too?

Last week's UK vote to leave the EU may have come as a shock to many, but the sentiment that led British voters to reject rule from Brussels is nothing unique. In fact it is growing sentiment worldwide. Frustration with politics as usual, with political parties that really do not differ in philosophy, with an economy that serves the one percent at the expense of the rest of society is a growing phenomenon throughout Europe and in the United States as well. The Bernie Sanders and Donald Trump phenomena are but one example of a frustrated public sensing something is very wrong with society and looking for a way out.

What is happening in the UK, in Europe, and in the US, is nothing less than a breakdown of the entire system. The EU was meant to be a customs union where post-World War II Western Europe could rebuild itself through free trade and a reduction in bureaucracy. Through corruption and political ambition it became an unelected bully government in Brussels, where the well-connected were well compensated and insulated from the votes of mere citizens.

Whatever happens in the near future - and it is certainly not assured that the vote to "Brexit" will actually end in the UK's departure from the EU - a line has been crossed that supporters of more personal liberty should celebrate. Rule from London is preferable to liberty-minded Britons than rule from Brussels. Just as Texans should prefer rule from Austin to rule from Washington. That doesn't make either option perfect, just more likely to produce more freedom.

Is Brexit the first victory in a larger freedom movement? Can we get out of a system that creates money out of thin air to benefit the ruling class while impoverishing the middle class? Can we get out of a central bank that finances the wars that make us less safe? Can we exit Executive Orders? Can we exit the surveillance state? The PATRIOT Act? Can we exit NDAA and indefinite detention? Can we exit the US worldwide drone program, that kills innocents overseas and makes us ever-more hated?

Getting out of NATO would be a good first move. This Cold War relic survives only by stirring up conflict and then selling itself as the only option to confront the conflict it churned up. Wouldn't it be better to not go looking for a fight in the first place? Do we really need still another NATO military exercise on the Russian border? It should be no surprise that NATO Secretary General Jens Stoltenberg was fear-mongering on the eve of the Brexit vote, warning UK citizens that if they vote to leave they could face increased terrorism.

Likewise, the US would do well to exit the various phony "free trade" agreements that provide advantage to the well-connected elites while harming the rest of us.

The act of exit is liberating. We should make a longer list of those things we would like to get out of. I am only getting started.

 

Back to homepage

Leave a comment

Leave a comment