Don’t know what to think about yesterday’s vote in Britain to leave EU. On historical basis and learning from history, its not so good. The reason for the UK joining EU in 1975 was to solve problems of rampant inflation and it did solve problem. Will it work in reverse and lead back to inflation and other problems? Only time will tell. c i
Another example from history, from Zakaria’s book, is about the time Britain first emerged as a world power.Vj China had been world power, but entered age of isolation about the same time. China fell into poverty while Britain began to thrive.
History can teach us a great deal but bean counters, bureaucrats and barbarians lead the masses in the wrong direction. Learn from history, rather than the latest hothead leading to oblivion.
To be fair to such objective thinking, also look more deeply at Ancient China and its fall into poverty. When China began to isolate itself, it also destroyed small merchants and businesses which had helped China thrive in the world as a world power. Ironically, those encouraging Britain remain in EU were those of big business and big banks. The thoughts of the “exiters” sounded like a backlash against big business and favoring small business. One could argue that the “exiters” were actually encouraging the same small merchant environment as that in existence in Ancient China which the Chinese destroyed, paving the way for Britain and its small business environment to emerge as world power. Comes down to question. Do we want world power or just to live in peace in a comfortable way for all?