Can everyone do a Brexit?

Article 50
Article 50

Britain’s exit from the European Union is a reflection of several things; joblessness caused by”free trade”, a rejection of the push for austerity to save the banks and a tide of anti-immigrant sentiment.  The latter is much easier to latch onto for blame as it is here in the US.   No one gives much thought to the fact that economic policies pushing cheap labor to drive profits is the reason for immigration.  In the case of Europe, no one gives much thought to the fact that wars conducted by NATO in the middle east have also driven people into their countries.  No one explains this which leaves a vacuum to be filled by right wing demagogues like Trump or Nigel Farage both of whom put the blame squarely on immigration.  What their followers don’t realize is that throwing out the immigrants will do little to improve their lot.  They’ll continue working for slave wages or be unemployed.

For the European periphery (i.e the PIIGS) and increasingly the core, the EU has been treating them in a manner very similar to policies commonly deployed in Africa, Latin America and the rest of the so called third world.  In short, those policies have been to load them up with debt and then demand natural resources, privatization and austerity when the debt burden can’t be paid back.  Where does the money to give these countries come from?  Out of the same thin air that all other debt comes from.  This money is just printed, so in essence very valuable physical resources and entire nations are enslaved and impoverished in exchange for essentially nothing.  In other words, if I have the power to print money that everyone accepts as a medium of exchange, all I have to do to acquire assets is merely to print more of it, loan it to you and take your real resources when you can’t pay it back.  In essence, I get your stuff for absolutely nothing.

The entire economic relationship with much of the third world is constructed on this very basis, but a Brexit is not available for them.  This is the main reason that we see so many brutal dictators  and strong men in Africa, the middle east and elsewhere.  An outbreak of democracy would lead to many nations exiting from this scheme and the strongman’s purpose—and let’s not be under any illusions here, these people are put in place by European powers— is to keep this system in place.  The result is permanent impoverishment and retarded economic and social development of entire nations.  Britain enjoys white privilege in that it can exit, but not all whites are the same as Greece can’t exit although they could consider it.  Considering it in Africa, Latin America or the middle east is the quickest route to either a coup or war. So, let’s not forget to acknowledge the fact that the majority of the globe can not “exit” from a system that creates wealth for a few at the great expense of the many.

Page 1 of 11