June 29, 2016

TRADE REGIMES ARE THE ONLY TRANSNATIONALISM DEMOCRACIES WILL ACCEPT:

How EU Overreach Pushed Britain Out (Martin Feldstein, 6/29/16, Project Syndicate)

A thoughtful British friend of mine said to me a few days before the United Kingdom's "Brexit" referendum that he would vote for Remain because of his concern about the economic uncertainty that would follow if the UK left the European Union. But he added that he would not have favored Britain's decision to join the EU back in 1973 had he known then how the EU would evolve.

While voters chose Leave for a variety of reasons, many were concerned with the extent to which EU leaders have exceeded their original mandate, creating an ever larger and more invasive organization.

Jean Monnet's dream of a United States of Europe was not what the British wanted when they joined the EU 40 years ago. Nor were they seeking a European counterweight to the United States, as Konrad Adenauer, Germany's first post-war chancellor, had once advocated. Britain simply wanted the advantages of increased trade and labor-market integration with countries across the English Channel.

Posted by at June 29, 2016 6:42 PM

  

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