Vicious Rants of an Angry Yellow Man

Though not a complete surprise, it is still shocking that Britain has voted to get out of the EU.  If the people who voted for this think this will make Britain a greater nation, they are sadly mistaken.  Most economists believe that the exit will hurt Britain economically,  London will decrease in stature as a financial center and Britain will have a much less leadership role in Europe.  Scotland and Northern Ireland, who voted to stay in the EU, may now want to break away from the UK.  If that happens, can they even call themselves the United Kingdom when there are only England and Wales left?

Most of those who voted for exit are older, non college educated people.  I think globalization have not been kind to them.  But economically this move will back fire as less free trade will makes things worse for everybody but worst for Britain itself.  I think the stock market crash of Friday is a temporary thing since nothing economically have happened since the vote.  But in the long run there will be more recession in England, Europe and world wide.  There is also the problem of other countries wanting to get out of the EU.  I think nationalism is on the rise with immigration and refugee problems.  If other countries follow Britain we may see end of the EU altogether.  I wonder if Europeans remember their history of almost nonstop wars among themselves till end of WWII?  So no matter what they think of organizations like the EU or UN, the truth is that we have had a lot less wars since formation of international organization.

Donald Trump is banking on the same demographic of older, less educated white male to carry him to victory.  But the percentage of this group is a smaller segment of our population.  I think in the future the exit will prove to be a bad thing so that similar movement due to nationalism will not succeed here.  But who knows?  Nobody thought Trump had a chance in the first place.  Even now, after acknowledging that he had not thought about the exit vote 2 days before the vote itself, then congratulating Scotland for voting to exit (they voted overwhelmingly to stay), I don't think his backers will ever think Trump is a lightweight as a political leader.