UK votes to leave EU • Hacker News Board

Re: UK votes to leave EU

#451

Post by thejoose » Fri, Jun 24, 2016, 7:22 AM UTC

cm2187 wrote: post #119

martythemaniak wrote: post #13

Is Scotland going to be exiting the UK next? Guess we'll see in a few years. Hard to know what will happen here, but I suspect once the UK (or what's left of it) signs a trade deal with the EU, they'll get the same deal as Norway - all the compliance with EU regulations, with none of the say. I suppose people may be happy with that deal, as long as they can get to say they're "free". I'm hoping this somehow leave the…

Short term it is going to be bad for the UK. It will have to renegociate trade agreements, this will create lots of uncertainty which isn't good for the economy, and also lots of market volatility. Long term the EU is going nowhere, it is dominated by socialist countries that will go the way of Argentina, a slow but steady decline (well under way). And the migrant crisis, which is likely only at its beginning (look a…

How do African demographic projections have anything to do with UK/EU migration?

Re: UK votes to leave EU

#452

Post by nailer » Fri, Jun 24, 2016, 7:22 AM UTC

Tried to warn HN yesterday about this, it reached the front page in seconds then was flagkilled despite being massively relevant to British tech startups: http://news.ycombinator.com/item?id=11952724

Re: UK votes to leave EU

#453

Post by estefan » Fri, Jun 24, 2016, 7:22 AM UTC

...and Cameron announces his resignation... nearly... will he...? and... yes. His position was untenable.

It goes from bad to worse. Leaving the EU and now we'll get Boris Johnson as well.

Re: UK votes to leave EU

#454

Post by davnn » Fri, Jun 24, 2016, 7:24 AM UTC

WhatIsThisIm12 wrote: post #411

davnn wrote: post #288

I truly do not understand our society. Europe is split, even if the countries aren't, the people are. Every political decision ends up being a race of the well-educated against the less-educated. The clash of classes happens not only in Europe, the Trump success is the same story. Maybe I'm just too young and uninformed to understand and that's how the world works ever since?

I'm highly educated and voting for trump.

Makes more sense to me than if you were less educated, but I do not want to start that discussion.

I am only speaking of the general public and not the individual.

Re: UK votes to leave EU

#455

Post by threeseed » Fri, Jun 24, 2016, 7:25 AM UTC

cm2187 wrote: post #119

martythemaniak wrote: post #13

Is Scotland going to be exiting the UK next? Guess we'll see in a few years. Hard to know what will happen here, but I suspect once the UK (or what's left of it) signs a trade deal with the EU, they'll get the same deal as Norway - all the compliance with EU regulations, with none of the say. I suppose people may be happy with that deal, as long as they can get to say they're "free". I'm hoping this somehow leave the…

Short term it is going to be bad for the UK. It will have to renegociate trade agreements, this will create lots of uncertainty which isn't good for the economy, and also lots of market volatility. Long term the EU is going nowhere, it is dominated by socialist countries that will go the way of Argentina, a slow but steady decline (well under way). And the migrant crisis, which is likely only at its beginning (look a…

100% wrong because of one unavoidable fact: people are ageing.

Without young immigrants and their higher birth rates there simply won't be enough tax revenue to cover future social obligations. We know what this game looks like: Japan. A country looking at a steady and certain decline in quality of life. This is what the UK is going to be like.

The EU is absolutely going to be dominant in the future. Collectively it has an economy that is more varied and flexible and the single market is invaluable. As a startup or prospective exporter being able to try things out in your local market (of 500 million people no less) is the reason the US is so successful.

Re: UK votes to leave EU

#456

Post by cm2187 » Fri, Jun 24, 2016, 7:26 AM UTC

To those who think the UK will be hurt more than the EU, I find it interesting that the FTSE (-8.4%) is down less than the DAX (-9.5%)

http://www.bloomberg.com/markets/stocks

Obviously if you compound that with the pound losing 10% a FTSE investor is worse off. But my boss has met many investors recently and his feedback was that more investors were concerned for the future of the EU rather than the future of the UK.

Re: UK votes to leave EU

#457

Post by imtringued » Fri, Jun 24, 2016, 7:27 AM UTC

wildmusings wrote: post #143

Take the US federal government, take away 2/3 of Congress's powers, give all of those powers to the civil service, and then replace the President with a committee appointed by state governments on a staggered basis. That's the EU. Congratulations Britain, today you took back control of your own destiny.

I'm sorry for your loss.

Re: UK votes to leave EU

#458

Post by andy_ppp » Fri, Jun 24, 2016, 7:27 AM UTC

There will be massive trade barriers put up by the EU/Germany - this could spell the end of the entire European project - look at how hard Greece got screwed to make sure other countries like Spain and Italy didn't think about leaving the Euro. That German cars will cost more in the UK (like everything else) really won't affect Germany as much as the end of Europe.

And now Cameron resigns - I'm shocked.

Re: UK votes to leave EU

#459

Post by thewarrior » Fri, Jun 24, 2016, 7:28 AM UTC

thewarrior wrote: post #242

martythemaniak wrote: post #13

Is Scotland going to be exiting the UK next? Guess we'll see in a few years. Hard to know what will happen here, but I suspect once the UK (or what's left of it) signs a trade deal with the EU, they'll get the same deal as Norway - all the compliance with EU regulations, with none of the say. I suppose people may be happy with that deal, as long as they can get to say they're "free". I'm hoping this somehow leave the…

I feel that the growth of Fascist sentiment worldwide can't possibly be a coincidence. Globalisation and it's benefits are being questioned. People are disappointed. Even this vote , is actually a vote of dissatisfaction against the status quo. They just managed to direct enough of that anger against the EU. I'd like to suggest the following three hypotheses and hear what you guys think : 1. As growth slows , liberal…

A good discussion on Reddit regarding the same : https://www.reddit.com/r/PoliticalDiscussion/comments/4pkt22...

Re: UK votes to leave EU

#460

Post by blfr » Fri, Jun 24, 2016, 7:30 AM UTC

balls187 wrote: post #228

rdtsc wrote: post #200

Being selfish here, wonder how this affects US. Even though on the surface EU and UK are alies and trade partners, it is not all black and white. I believe US will benefit because they will be able to play UK against EU and vice-versa to gain somehow. Say if EU doesn't allow import of US chicken they can go and try to persuade UK to not allow some import from EU in exchange for some other favor and so on. Also, I wou…

At the most basic, a strong US Dollar against the UK GBP means that US exports to GB become more costly, which reduces US exports, which hurts the US Economy, which is not good for the US.

And a weak US Dollar against the UK GBP means that US consumers will pay more for goods, which reduces their ability to consume, which is not good for the US.

Therefore all change is bad.