January 19, 2019

The Economist editorializes, slightly

If you take back the right to set your own rules and standards, it will by definition become harder to do business with countries that use different ones. If you want to trade, you will probably end up following the rules of a more powerful partner—which for Britain means the EU or America—only without a say in setting them. Brexit thus amounts to taking back control in a literal sense, but losing control in a meaningful one. Leavers are right that the EU is an increasingly unappealing place, with its Italian populists, French gilets jaunes, stuttering German economy and doddery, claret-swilling uber-bureaucrats in Brussels. But they could not be more wrong in their judgment that the EU’s ominous direction of travel makes it wise for Britain to abandon its seat there.

(link)

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