Live data from Hacker News

Doom, Gloom and Unease: London's Tech Scene Reacts to Brexit

bloomberg.com

131–140 of 396 posts

Re: Doom, Gloom and Unease: London's Tech Scene Reacts to Brexit

#131

There's some talk that immigration from the Commonwealth will be facilitated. I don't buy it. It's already difficult to find talent from the block, and several people come to Europe with a visa Yeah, I think the UK shot themselves in the foot with this

Someone in HN yesterday was literally ranting about Polish sausage shops in London. I don't think they'll be happier with Indian restaurants...?

Re: Doom, Gloom and Unease: London's Tech Scene Reacts to Brexit

#132

Earlier quoted context omitted.

Conglomeration of power is very useful in some situations. For example, global environmental problems. Have one conglomerate force everyone to do better. If each country acted independently, each country is incentivised to not think about the bigger picture and act in their own short term interests. This was my main reason for voting in.

I do not live in Europe, but this line struck me: "force everyone to do better". Which I interpret as you can't make decisions on your own, big daddy government must make those decisions for you.

No, it's a recognition of the tragedy of the commons. If there is a super-entity that regulates the commons you get better results for every individual.

If each entity acts in their own self-interest — which nations very regularly do — then you get worse results for every individual.

Re: Doom, Gloom and Unease: London's Tech Scene Reacts to Brexit

#133

A bureaucracy in Brussels is hardly necessary to enact simple pan-European tariff reductions. It is necessary, however, to begin building what globalism truly demands: a de facto European government, complete with dense regulatory and tax rules, quasi-judicial bodies, a nascent military, and further subordination of national, linguistic, and cultural identities.

> A bureaucracy in Brussels is hardly necessary to enact simple pan-European tariff reductions.

The bureaucracy is likely a bit expansive, and not least it's much too centralized and appears remote to us in the remote countries. But a lot of bureaucracy is needed.

In order to trade in a single market you need single market laws, meaning basically a common (sub)set of rules for product safety, environmental regulation, building codes, ... Having free movement of people needs its own set of common laws. It looks expensive and bureaucratic to agree on the exact standards for everything, and the bureaucracy is very visible when it sits in some glass fort in Brussels.

What we must compare with is the massive bureaucracy of negotiating individual bilateral or block agreements between 20-something countries (and non-EU countries -- deals that can now often be negotiated for all EU countries at once). That is a massive apparatus that each country paid for before the single market.

> what globalism truly demands: a de facto European government, complete with dense regulatory and tax rules,

I smell sarcasm :) A de facto government would be required for having a functioning common currency. The failure of the Euro is really a sign that the union wasn't enough of a state (with a government able to extract taxes, do massive emergency transactions of wealth from rich to poor countries, and with a central bank allowed as a lender of last resort). Because this doesn't exist the Euro can't be successful. The Euro itself is a failed idea. Even though the UK are outside the euro, the troubles of the Euro are likely to have been enough to make a difference in this referendum.

Re: Doom, Gloom and Unease: London's Tech Scene Reacts to Brexit

#134

Earlier quoted context omitted.

I run a small company trading between UK and two other EU countries. This is a disaster - I remember back when you had to pay import duties in countries that haven't joined the EU yet, and basically with razor thin margins, the added cost of bureaucracy would collapse the company now. I'm already considering switching suppliers from UK to Germany, which of course means that UK economy will have less money - and I'm s…

I can't help wondering if there's an effect here like the one that produces anti-vaccination attitudes. We're running out of people who have direct experience of a world before routine vaccination for childhood illnesses, and so the downside of taking the anti-vaccine stance simply isn't apparent to people until their own children die of preventable illness, at which point it's too late to help. Similarly, I wonder i…

> Similarly, I wonder if it's simply been long enough -- when the UK joined the European common market, today's pensioners were too young to have much if any experience of the business/labor world -- that the people of the UK are in a similar situation of not realizing just what a risk they're taking, or how bad the consequences can be, since they have no direct experience.

Actually the graph in the mentioned article clearly shows that younger people were in favor of staying in EU. It was the old population which wanted to leave.

Re: Doom, Gloom and Unease: London's Tech Scene Reacts to Brexit

#135
post #48

This may mean the breakup of the United Kingdom, too. Scotland and Northern Ireland mostly want to stay in Europe, and may choose to leave the UK, leaving Britain and Wales as the UK.[1] As a practical matter, it will become harder to do business into the EU from Britain. Visiting the EU from Britain may require a visa, and visiting Britain from the EU almost certainly will. This is really about Keeping Britain White…

This sounds very close to "Brexit supporters are racist." There seems to be a growing trend of people labeling anything they don't like with some -ist to shut down discussion.

It is clear that immigration was the emotional issue driving Brexit. So it would be foolish to ignore that angle. (There were other angles, but I really doubt the resolution would have passed if it was just "EU regulations".)

I think it is also clear that it would be foolish to just focus on the "you're a racist!" angle.

Today's globalization and technology -- while bringing many benefits to the world -- also are leaving a lot of people behind, as seen by the growing inequality in much of the world today.

So you look at the Brexit demographics. The single biggest predictor for the Brexit vote appears to be average educational attainment -- the higher educated the area, the more likely the Remain vote. Social class was also a strong predictor -- lower middle class and above leaned Remain, working class and below leaned Leave. (http://www.theguardian.com/news/datablog/2016/jun/24/the-are...)

The core issue to me, is that no one has really come up with a great solution for people "left behind" in today's economy (eg, those with low education or low skills). For them, things really are worse than it used to be. I know in the US, for instance, that real hourly wages for the lower class actually have fallen 5% over the last 25 years (http://www.epi.org/publication/charting-wage-stagnation/). I cannot find similar charts at the moment for the UK, but I think I remember reading that it's similar (maybe even worse).

I believe a lot of these people have latched onto immigrants as the problem, as a proxy for issues brought on by other factors. Perhaps because immigrant culture is a very visible sign of global change, and they know things are crappier than they used to be... and, well, they blame what is obviously new and strange to them. This is a phenomenon found in many places, from Donald Trump to the Le Pens.

It's wrongheaded -- I believe this vote will economically hurt the lower classes more than the middle to upper class. The world is not going to un-globalize and technology is not going to un-invent itself. But without solutions to address inequality and wage stagnation, I'd expect more votes in the same direction.

Re: Doom, Gloom and Unease: London's Tech Scene Reacts to Brexit

#136
post #77
post #70

Earlier quoted context omitted.

> I hope that word doesn't stick. All EU countries are independent, as is the UK. For the sake of all 27 EU countries , please stop using divisive and wrong rhetoric. Lesson from the US: You can't have sovereigns with superior sovereigns. Individual US states are on paper sovereign, but in reality have been relegated to being administrative districts of the federal government with little meaningful right to self-dete…

Its not like that, without a common language and currency, EU presence in the UK is not much more than a common set of certain standards.

Standards like Human Rights, which is something the UK has already expressed an interest in removing.

Re: Doom, Gloom and Unease: London's Tech Scene Reacts to Brexit

#137
post #14

As a brit, it's strange to see how it's being spun here. The majority of people voted to leave the EU and to regain independence. There will be a little volatility until some facts about how that divorce happens, emerge. Long term, we now have control of our future. In terms of startups though, the EU is there to serve big businesses and powerful establishment. It's there to hinder startups and small businesses. If y…

Independence is a mirage, as is control. No individual nor country in the world is independent. We are all interdependent on one another, and ever more so as the movement of data, goods and people accelerates. The EU is a framework is facilitate that interdependence, and while it has many faults, it was created to prevent another world war and in that it has succeeded. Great Britain's future is very dependent on the…

[deleted]

Re: Doom, Gloom and Unease: London's Tech Scene Reacts to Brexit

#138
post #14

Earlier quoted context omitted.

Independence is a mirage, as is control. No individual nor country in the world is independent. We are all interdependent on one another, and ever more so as the movement of data, goods and people accelerates. The EU is a framework is facilitate that interdependence, and while it has many faults, it was created to prevent another world war and in that it has succeeded. Great Britain's future is very dependent on the…

Exactly this. One of the illusions of control people have is that Britain now has a free hand to negotiate trade agreements with EU member states. The EU charter expressly forbids this. So Britain (or perhaps merely a rump England after Northern Ireland and Scotland EExit ) will be dealing with that same body but on unequal ground with other member states. Meet the new boss: Same as the old boss. I'm pretty sure you'…

No. We will now be free to negotiate trade deals with countries outside the EU (Which we currently are not able to do. The EU has been absolutely awful at trying to negotiate trade deals with other countries). We will negotiate a trade deal with the EU as a whole. Everyone in the UK knows those facts.

Re: Doom, Gloom and Unease: London's Tech Scene Reacts to Brexit

#139
post #92
post #87

Earlier quoted context omitted.

I'll take your word on those numbers as they sound reasonable. However I do believe you've neglected the other points of the post which were about the value of access to the European market place and that 10% say in how said market is run. Those are costs / benefits which are not so easily counted before the painful divorce is complete.

But it's unlikely for EU nations to significantly damage trading relationships with the UK. Germany, for example, exports a huge volume of cars to the UK and it comprises a significant portion of German GDP. Yes, there's volatility around exactly how such a trade deal will get worked out, but it's unrealistic to lump "access to European markets" into one big ball and assume that Brexit means that whole topic will be…

But a hit to german trading to the UK is a small price to pay instead of the hit it would take by setting precedent that you can just willy-nilly leave with all the perks. And I can tell you, the german-language media is already full of "priority number one if to stop a cascading copycat effect".

As a snarky side remark, what will the UK do in the future instead of continuing to import cars, regardless of terms? Rely on its domestic automotive industry?

Re: Doom, Gloom and Unease: London's Tech Scene Reacts to Brexit

#140
post #48

This may mean the breakup of the United Kingdom, too. Scotland and Northern Ireland mostly want to stay in Europe, and may choose to leave the UK, leaving Britain and Wales as the UK.[1] As a practical matter, it will become harder to do business into the EU from Britain. Visiting the EU from Britain may require a visa, and visiting Britain from the EU almost certainly will. This is really about Keeping Britain White…

This sounds very close to "Brexit supporters are racist." There seems to be a growing trend of people labeling anything they don't like with some -ist to shut down discussion.

Polls strongly suggest that the referendum was about immigration. I'm sure some of that has to do with racism, but a lot is probably just plain old isolationism and xenophobia. The working class of the UK have been screwed since forever, and it's remarkable that no party is able to represent them. Real wage growth stagnated in the early 2000's even though GDP/Capita kept rising (much like in the US). I find it amazing when talking to UK colleagues that they still talk of "the recession" (meaning the 2008 one) as being an ongoing and current event. The fact that the economy grew somehow hasn't helped small business and regular workers in the UK. The rise of populism is just a response to this middle class squeeze.

There is a lot of talk about Camerons failure, but really what has happened is that the Labour party has been too dysfunctional for too long, and populists like Farage took the opportunity to fill the void.

Post reply on HN