This video is quite interesting - it's from the "out" camp and presents the argument alternative to staying in the EU.
There are facts, such as EU's and Britain's post-war history, but there are also opinions disguised as facts. For instance, EU's protectionism is depicted as 100% negative with arguments such as
"Protecting a firm from competition does not make it more competitive.".
While a sentence like that on its own may be true in general, when you compare the cost of a product manufactured in the EU Vs. a similar product manufactured in India or China we're no longer talking about competition. When a cost is slashed by 80-90% (which is what happens in Asia) nobody in the industrialised world can compete with that. Nobody cares about quality anymore at those prices. So I think introducing quotas and tariffs for importing such goods is a way to deal with that.
Another aspect that the video does not deal with openly is what happens to the rights of workers in the UK should it leave the EU. At the moment the UK is bound by European employment law. I know that, in order to fire an employee for performance issues, I have to demonstrate that I have given that employee every chance to improve their performance, and I have to document that as well. Who knows what would happen to employment law in the case of Brexit?
Some aspects uncovered by the movie are interesting though. Provided it's accurate, I had no idea that there are 10,000 people within the EU bureaucratic machine that earn more than UK's Prime Minister. That's clearly an indication of excesses that should be stemmed.
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If only a fraction of the allegations made are true I would think exiting would make sense. problem is as @xplorer says "there are also opinions disguised as facts". You don't know how much of what they say is actually true.
Every developed nation in the world is having to deal with this phenomenon. I don't know what the solution is (probably involves better education and training - great buzzwords but something that in reality rarely if ever, happens on a meaningful scale) but not sure indiscriminate quotas and tariffs are the solution. If you do that your in danger of slipping back into the crony capitalism that most people claim to want to avoid. You can bring in quality control laws, which would address sub standard products, but if they produce a better product and cheaper, do you really want to stop them?
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The post above, courtesy of Rory, belongs to another thread about Greece. However I think it's worth re-posting it here for those interested in hearing first hand by the ex-finance minister Varoufakis on how he was treated by Dijsselbloem and others within the EU. After watching the video I feel more nauseous about staying in and I now am heavily leaning towards supporting a Brexit.
Last edited by xplorer; May 28th, 2016 at 02:16 PM.
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