Realist, not conformist analysis of the latest financial, business and political news

4 years after the referendum: was Brexit the better choice?

With an ever-widening chasm between member states and economic disaster on the horizon, it has become increasingly clear that Brexit is now an unavoidable choice for Britain.

Led by out-of-touch politicians with lofty aspirations for a “European Identity” but lacking the actual political will to make the right decisions – the union has divided rather than united this part of the world.

Despite what the naysayers have been saying, no catastrophe of any kind has befallen the country. With an ever-worsening economic climate, the European Commission appears to be at a loss. As usual, the more productive states will be expected to subsidise the incompetence of their neighbours in the name of solidarity.

Here are some of the reasons why Brexit happened just in the nick of time.

1. Better job prospects 

Businesses decrying Brexit and lamenting over the loss of free trade are more likely than not, angered over the loss of cheap overqualified talent from the majority of Eastern bloc nations.

Credit has to be given to the thousands of Latvian and Polish workers working in Britain. They work as hard as us but are willing to accept only a fraction of the wages that should actually be paid.

This has made the market insanely uncompetitive and enabled British companies to take advantage of this situation. Having extricated ourselves from the union, employers will be forced to pay workers a fair wage for their labor.

Besides improving the gross national income and reducing income inequality, employers will for once be forced to become more competitive.

2. Avoiding the financial burden

Some arguments against Brexit cite the loss of potential business and the slapping of tariffs on goods imported into the EU. All of this however does come at a cost and for the more productive nations, this “membership tax” can be severe indeed.

Take the stimulus packages currently being implemented by the European Commission as an example. On paper, the idea of a stimulus package intended to bolster the European economy sounds great.

Brilliant even. What’s not to like?

For starters, the stimulus payments received are not regarded as a loan. Instead countries hit hard by the pandemic will receive a free cash stimulus to get them back on their feet.

The total lack of accountability is shocking. Billions of Euros will be paid out to member nations regardless of their track record, like if they won the jackpot betting on the NBA favourites. If anything, Britain’s exit from the entire fiasco that is the European Union is timely to say the least.

Absolutely disgraceful. Attempts by other member nations more concerned about accountability have been shouted down by their peers and deemed to be “selfish”. 

3. Tighter immigration laws

The idea of open borders and lax controls between EU member states was intended to boost trade and facilitate commerce. This concept has in turn made it difficult for countries to have any control over their borders.

Have an EU passport? Well here you go, come right on in.

All of this with little regard as to the background or record of said person. Over time, this lack of control results in a glut of immigrants who consume everything but do not contribute anything in return.

Before I get called out as a racist or be accused of being xenophobic; let me be clear. Immigrants are usually hardworking and friendly folk in search of a better future. It often is only because of a few rotten apples that the entire barrel gets stereotyped.

As can be seen during the European refugee crisis, the actions of a few nations forced the EC to impose immigration quotas on member states as a means of “sharing the burden”.

Excuse me for saying – but most of us didn’t consent to having the doors thrown wide-open in the name of political correctness.

The European Union as an entity should never have existed as a whole. Any benefits that Britain may have gained by being a part of it is purely incidental as can be seen by the current state of affairs.