Is PM David Cameron Britain’s Version of John Galt?
You can hear the wailing and gnashing of teeth from the capitals of Europe across the pond, and from the White House as well. The Prime Minister of Great Britain, David Cameron, promises to hold a referendum in the near future to allow the British people to make the decision on whether to stay in the European Union. Imagine that, allowing the public to decide. How un-socialist of him.
A majority in the United Kingdom has been uncomfortable for years with the events unfolding in Brussels. Skeptics from the beginning, the U.K. has been correct in assessing the probable outcome of the ever closer union experiment. As I say to my liberal friends — look at the results, not the good intentions.
Close to 70 percent of the laws in the U.K. now come from Brussels. The bureaucracy is bloated and ineffective. Illegal immigrants have poured into Britain, straining its safety net. Power in Brussels is concentrated among unelected, unaccountable bureaucrats (sound familiar?). The working hours of physicians in British hospitals are now decided on the continent rather than by British medical personnel. The E.U. labor rules are inefficient and will get worse.
Socialism doesn’t work.
Being part of the free trade bloc of the E.U. has been beneficial to Britain. However, the British people do not feel like they have to give up their sovereignty to a big government nightmare regime in order to obtain this preferred trading status among its members. It’s the same state’s rights argument we have had for years in America. There is even talk in London about joining NAFTA.
Of course, the progressive governments of Europe are angry that Cameron is allowing the British people to make their own choice. They feel they can make better decisions than the British people since they are so “enlightened.” Again, sound familiar?
It is breathtakingly clear that the British made the right choice in not becoming part of the common currency experiment. The Pound Sterling has remained strong since the financial crisis. Why should they give more power to the people who brought us that disaster? The Euro will not exist in its current form a decade from now. Why would you want to stay on that sinking ship? Get out now before it’s harder to get out later. Free trade can be obtained without selling your soul.
The French say that if Britain wants to leave, they will roll out the red carpet for them on the way out.
If I were British, I would say, “I’ve always wanted to walk on one of those.”
Article originally published on The Brenner Brief.
Become An Insider!
Sign up for Affluent Investor's free email newsletter and receive Jerry Bowyer's Special Report, "How to Be an Affluent Investor in the Age of Obama & Ineffectual Republican Opposition."