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What to expect from a no-deal Brexit

economist.com

11–20 of 112 posts

Re: What to expect from a no-deal Brexit

#11
The Economist, The New York Times, SF Chronicle have extracted their full brand value from me and there's nothing left. What I mean by this is that when I see their links, I know that the article will be unreadable, because either they will make me jump through some "created free account" hoops to read it, or there will be so many CPU intensive ads or banners "you have read 2 out of your 3 free articles per month" that they make the content effectively inaccessible, especially on a phone. As a result, these brands started to me associated with "unreadable" and "desperate" as opposed to be "reliable" in my mind, and I don't bother to open these links anymore.

Re: What to expect from a no-deal Brexit

#12
post #6
post #3

So, why do it? Should a razor thin majority in a public vote 2 years ago decide the UK's policy forever?

What do you propose? A razor thin minority in a public vote 2 years ago decide the UK's policy forever?

The referendum should have never have been specified with a simple majority rule.

Re: What to expect from a no-deal Brexit

#14
post #11

The Economist, The New York Times, SF Chronicle have extracted their full brand value from me and there's nothing left. What I mean by this is that when I see their links, I know that the article will be unreadable, because either they will make me jump through some "created free account" hoops to read it, or there will be so many CPU intensive ads or banners "you have read 2 out of your 3 free articles per month" th…

Becauase it would be ridiculous to actually pay for journalism.

Re: What to expect from a no-deal Brexit

#15

Some Brexiteers favour a radical response: get rid of all tariffs on imports, as Hong Kong, Macao and Singapore have done. Extravagant assumptions about the benefits of this explain why some pro-Brexit economists see no deal as much less damaging than most of their colleagues. But tariff abolition would have huge effects on agriculture and some types of manufacturing. The government has no plans for such an extirpati…

It would add context but on the other hand they are all very small autonomous Asian cities so I wonder how well the would actually generalize to the UK.

Re: What to expect from a no-deal Brexit

#16

Some Brexiteers favour a radical response: get rid of all tariffs on imports, as Hong Kong, Macao and Singapore have done. Extravagant assumptions about the benefits of this explain why some pro-Brexit economists see no deal as much less damaging than most of their colleagues. But tariff abolition would have huge effects on agriculture and some types of manufacturing. The government has no plans for such an extirpati…

Free trade and corporate welfare are not opposites. By allowing free trade you allow companies to operate wherever the operating cost is lowest, while still selling to the residents of your region. Incentivizing local production (by tarriffing imports) means business operate locally, and importantly, pay taxes locally. You can call that corporate welfare, but for many cases I think that misses the mark.

Re: What to expect from a no-deal Brexit

#18
post #5

Well, I'm kind of expecting that the no-deal scenario will actually happen. Then a big economic crisis will follow, making it palatable for politicians to actually endorse a new referendum. I'm not saying what the question in such referendum would be, though. And actually, this is the reason why some remainers are voting no to the brexit deal, and it's not even a secret.

Why would a big economic crisis follow a no-deal brexit?

Re: What to expect from a no-deal Brexit

#19
post #11

The Economist, The New York Times, SF Chronicle have extracted their full brand value from me and there's nothing left. What I mean by this is that when I see their links, I know that the article will be unreadable, because either they will make me jump through some "created free account" hoops to read it, or there will be so many CPU intensive ads or banners "you have read 2 out of your 3 free articles per month" th…

You aren't their customer. People who pay for content are their customer. I doubt they (especially the Economist) very much care what nonpaying readers think.

The Economist still has good analysis on the happenings of the world that many people continue to pay for.

Re: What to expect from a no-deal Brexit

#20

Some Brexiteers favour a radical response: get rid of all tariffs on imports, as Hong Kong, Macao and Singapore have done. Extravagant assumptions about the benefits of this explain why some pro-Brexit economists see no deal as much less damaging than most of their colleagues. But tariff abolition would have huge effects on agriculture and some types of manufacturing. The government has no plans for such an extirpati…

Free trade and corporate welfare are not opposites. By allowing free trade you allow companies to operate wherever the operating cost is lowest, while still selling to the residents of your region. Incentivizing local production (by tarriffing imports) means business operate locally, and importantly, pay taxes locally. You can call that corporate welfare, but for many cases I think that misses the mark.

By allowing free trade you allow companies to operate wherever is most efficient.

This reduces costs, and therefore reduces prices (through competition). Everybody is a winner (apart from the previously-protected businesses who now have to compete on a level playing field).

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