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07-26-2016, 04:32 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,907
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The EU is not a country, like China or Brazil. It is a voluntary political and economic union of 28 member states established to create an internal single market through a standardized system of laws that apply in all member states for the sake of rationalizing trade and reducing transaction costs. Harmonized laws and standards pertinent to trade and commerce are essential to such a pact.
On balance, the general consensus of UK and world economists are that Brexit will negatively impact the UK. Time will tell. Here's an interesting read on the subject.
http://www.ft.com/cms/s/2/0260242c-3...9b15a8ee7.html
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As long as the roots are not severed, all will be well in the garden.
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07-26-2016, 07:33 PM
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Jigsawed
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Join Date: May 2009
Posts: 10,578
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Quote:
Originally Posted by finnbow
The EU is not a country, like China or Brazil. It is a voluntary political and economic union of 28 member states established to create an internal single market through a standardized system of laws that apply in all member states for the sake of rationalizing trade and reducing transaction costs. Harmonized laws and standards pertinent to trade and commerce are essential to such a pact.
On balance, the general consensus of UK and world economists are that Brexit will negatively impact the UK. Time will tell. Here's an interesting read on the subject.
http://www.ft.com/cms/s/2/0260242c-3...9b15a8ee7.html
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Brexit is more than Pounds, shillings and pence.
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07-26-2016, 07:42 PM
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Senior Member
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Join Date: Jun 2016
Posts: 104
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Quote:
Originally Posted by finnbow
The EU is not a country, like China or Brazil. It is a voluntary political and economic union of 28 member states established to create an internal single market through a standardized system of laws that apply in all member states for the sake of rationalizing trade and reducing transaction costs. Harmonized laws and standards pertinent to trade and commerce are essential to such a pact.
On balance, the general consensus of UK and world economists are that Brexit will negatively impact the UK. Time will tell. Here's an interesting read on the subject.
http://www.ft.com/cms/s/2/0260242c-3...9b15a8ee7.html
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Ok, would the US let 28 countrys in the eu( if the US was in the eu) tell them you are now run by bureaucrats in Brussels and anything we alter in your country you will not be able to change. The eu is not only about trade.
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07-26-2016, 07:46 PM
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Senior Member
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Join Date: Jun 2016
Posts: 104
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Quote:
Originally Posted by Dondilion
Brexit is more than Pounds, shillings and pence.
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Just to correct this. Britain hasnt used LSD ( forget the stupid remarks) Thats what £ shillings and pence were called. We went decimal in 1971. But I see what you are saying yes. Its more than trade.
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07-26-2016, 07:52 PM
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Senior Member
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Join Date: Jun 2016
Posts: 104
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Yesterday a bank in Germany I forget which one that doesn't matter, voted to join the London stock exchange. Are the Germans stupid for joining? I don't think so. So what does this say about GB leaving the eu.
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07-26-2016, 08:05 PM
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Jigsawed
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Join Date: May 2009
Posts: 10,578
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Quote:
Originally Posted by modge
Just to correct this. Britain hasnt used LSD ( forget the stupid remarks) Thats what £ shillings and pence were called. We went decimal in 1971. But I see what you are saying yes. Its more than trade.
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True. It is just an habit of mine of saying Pounds, shillings and pence.
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07-26-2016, 08:07 PM
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Senior Member
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Join Date: Jun 2016
Posts: 104
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Quote:
Originally Posted by Dondilion
True. It is just an habit of mine of saying Pounds, shillings and pence.
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HAHA I still go back when I see a price for something today. Old habits die hard.
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07-26-2016, 08:14 PM
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Senior Member
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Join Date: Nov 2009
Location: Sonoma County, CA
Posts: 20,496
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Quote:
Originally Posted by Dondilion
True. It is just an habit of mine of saying Pounds, shillings and pence.
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Don't forget sovereigns, crowns, farthings and ha'pennies.
__________________
Smoke me a kipper. I'll be back for breakfast.
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07-26-2016, 08:15 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,907
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Quote:
Originally Posted by modge
Ok, would the US let 28 countrys in the eu( if the US was in the eu) tell them you are now run by bureaucrats in Brussels and anything we alter in your country you will not be able to change. The eu is not only about trade.
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In the US, the Federal government's laws supersede those of the individual states for many of the same reasons that the EU's supersede those of the individual countries. Same general idea - it makes no sense to have 50 (or 28) differing codes, standards and laws pertaining to interstate commerce. Admittedly though, we have generally the same culture in our 50 states, which is far less so in the EU.
It's a sticky wicket. One wants to preserve one's culture, while profiting from the economic benefits of the EU. I'm not sure you can have it both ways.
__________________
As long as the roots are not severed, all will be well in the garden.
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07-26-2016, 08:21 PM
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Senior Member
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Join Date: Jun 2016
Posts: 104
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Quote:
Originally Posted by finnbow
In the US, the Federal government's laws supersede those of the individual states for many of the same reasons that the EU's supersede those of the individual countries. Same general idea - it makes no sense to have 50 (or 28) differing codes, standards and laws pertaining to interstate commerce. Admittedly though, we have generally the same culture in our 50 states, which is far less so in the EU.
It's a sticky wicket. One wants to preserve one's culture, while profiting from the economic benefits of the EU. I'm not sure you can have it both ways.
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Every state in the US has its own laws. How can you compare it to the eu. Also NOT ALL THE LAWS changed here are about trade. There is no benefit from being in the eu. What do you think brexit is about. How many times must I say it. The eu trade in Britain is only a small part about wanting to leave the eu.
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