{"id":13502,"date":"2016-06-27T22:04:51","date_gmt":"2016-06-28T02:04:51","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=13502"},"modified":"2016-06-27T22:04:51","modified_gmt":"2016-06-28T02:04:51","slug":"is-brexit-the-end-of-the-eu-mauldin-economics","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2016\/06\/27\/is-brexit-the-end-of-the-eu-mauldin-economics\/","title":{"rendered":"Is Brexit the End of the EU? | Mauldin Economics"},"content":{"rendered":"

Excellent analysis from George Friedman:<\/p>\n

As troubling as Europe\u2019s economy is, it was not the prime mover in the referendum. The contentious immigration debate holds that honor. And immigration itself was not really the issue. Britain was quite comfortable with immigrants until Brussels began making demands.<\/p>\n

The EU dictating the rules was the problem. It was a question of sovereignty. That the EU could make decisions that would change the character of Britain was not okay.<\/p>\n

Granted, there was a large vote for staying. The British media have been eager to point out that those who voted to leave were less educated, had lower incomes, and so on. They were also most likely to be affected by immigration.<\/p>\n

Immigration is socially destabilizing. There is always friction between older residents and immigrants…..But, better educated and wealthier individuals normally don\u2019t experience this element of immigration. The tension on the streets rarely enters the halls of academia, senior civil service, or banking.<\/p>\n

Not surprisingly, the question of sovereignty wasn\u2019t critical to this class. Just as large-scale immigration did not concern them.<\/p>\n

….In Britain, the immigrant issue was critical and created a sense of powerlessness. First, Britain was not in control of its immigration policy. Second, the British who were for it, to a large extent, did not feel the profound social costs of immigration.<\/p>\n

That fee was going to be paid by those who\u2014again with many exceptions\u2014voted for leaving. So it was a revolt against the British establishment and the EU. As with most things, it was much more complex than it seemed.<\/p>\n

When All Else Fails, Acknowledge the Obvious<\/strong>
\nThe EU has already responded. This statement from the foreign ministers of Belgium, France, Germany, Italy, Luxembourg, and the Netherlands, defines the future:
\nWe will continue in our efforts to work for a stronger and more cohesive European Union of 27 based on common values and the rule of law. It is to that end that we shall also recognize different levels of ambition amongst Member States when it comes to the project of European integration. While not stepping back from what we have achieved, we have to find better ways of dealing with these different levels of ambition so as to ensure that Europe delivers better on the expectation of all European states…. However, we are aware that discontent with the functioning of the EU as it is today is manifest in parts of societies. We take this very seriously and are determined to make the EU work better for all our citizens.<\/em><\/p>\n

This was the EU\u2019s answer to Brexit. They recognized that not everyone wants the same level of integration and will respect that. They are aware that many are discontent with the EU. <\/p>\n

In other words, after the British vote, they acknowledge the obvious. This is a unique evolution. It is not clear what they are going to do, but they are not going to punish Britain. They can\u2019t afford to.<\/p><\/blockquote>\n

Source: Is Brexit the End of the EU? | This Week in Geopolitics Investment Newsletter | Mauldin Economics<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Excellent analysis from George Friedman: As troubling as Europe\u2019s economy is, it was not the prime mover in the referendum. The contentious immigration debate holds that honor. And immigration itself was not really the issue. Britain was quite comfortable with immigrants until Brussels began making demands. The EU dictating the rules was the problem. It … <\/p>\n

Continue reading “Is Brexit the End of the EU? | Mauldin Economics”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,33],"tags":[],"class_list":["post-13502","post","type-post","status-publish","format-standard","hentry","category-the-big-picture","category-uk-europe-countries-regions"],"yoast_head":"\nIs Brexit the End of the EU? | Mauldin Economics - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Brexit the End of the EU? | Mauldin Economics - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Excellent analysis from George Friedman: As troubling as Europe\u2019s economy is, it was not the prime mover in the referendum. 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It\u2019s a term worth knowing, since it is going global. The word was coined by Stanford University professor Robert N. Proctor, who described it as \u201cculturally constructed ignorance, created by\u2026","rel":"","context":"In "The Big Picture"","block_context":{"text":"The Big Picture","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/the-big-picture\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6954,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/12\/why-british-prosperity-is-hobbled-by-a-rigged-land-market-centre-for-european-reform\/","url_meta":{"origin":13502,"position":1},"title":"Why British prosperity is hobbled by a rigged land market | Centre for European Reform","author":"Colin Twiggs","date":"March 12, 2013","format":false,"excerpt":"Simon Tilford, chief economist at the Centre for European Reform, writes: The British have the least living space per head, the most expensive office rents and the most congested infrastructure of any EU-15 country. Thanks to a rapidly growing population \u2013 the result of a healthy birth-rate and immigration \u2013\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59735,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/12\/09\/flat-out-like-a-nation-sinking-matt-barrie\/","url_meta":{"origin":13502,"position":2},"title":"Flat Out Like a Nation Sinking | Matt Barrie","author":"Colin Twiggs","date":"December 9, 2024","format":false,"excerpt":"This lengthy essay by Matt Barrie on Australia's economic suicide is well worth devoting the time to read: Night view of Queen Street, Brisbane in 1959 Imagine you were given a singular task: to dismantle a nation \u2014 not with bombs, not with bullets, but from the inside out. Where\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australian Fertility Rate","src":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2024\/12\/fertlityrate.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2024\/12\/fertlityrate.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2024\/12\/fertlityrate.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":6394,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/07\/jack-kemp-showed-gop-how-to-appeal-to-minorities\/","url_meta":{"origin":13502,"position":3},"title":"Jack Kemp Showed GOP How to Appeal to Minorities","author":"Colin Twiggs","date":"December 7, 2012","format":false,"excerpt":"Bruce Bartlett writes that late senator Jack Kemp is a role model for how Republicans should engage with minorities: Although Kemp pushed for a cut in tax rates for the wealthy, he was adamant that all workers must share in the benefits of lower taxes. 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The below extract from The Canberra Times captures some of the shenanigans: At a fiery\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/07\/screenhunter_13730-jun-27-07-42-660x440.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/07\/screenhunter_13730-jun-27-07-42-660x440.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/07\/screenhunter_13730-jun-27-07-42-660x440.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":2596,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/11\/camerons-rejection-of-eu-summit-isolates-britain\/","url_meta":{"origin":13502,"position":5},"title":"Cameron’s Rejection of EU Summit Isolates Britain","author":"ColinTwiggs","date":"December 11, 2011","format":false,"excerpt":"\"There is now little point in Britain staying in the EU,\" said MacShane, who was a minister in Tony Blair's generally pro-Europe Labour Party government. \"It is an historic turning point and Britain might as well get out now, as Europe's future will be settled without us.\" .......The economic impact\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=13502"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13502\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=13502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=13502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=13502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}