Is it a free market if you run a gunboat up the Yangtze?
And consider this, until 1944 the world reserve currency was the Pound Sterling. A recently unearthed document from Bretton Woods describes that by the moment you could see the Empire dissolving. Nothing particularly free market about it.
Britain had a choice to join the community but there was no choice at Breton Wood, or later when Keynes was made to beg, or at Suez. Britain had a choice e to join (and was denied twice), and they have full representation. There are mechanisms to change the EU. The elected Parliament has seen its powers expanded.
Is Canada an empire or Australia or any developed country outside the EU?
Empires are closed loops where colonies are forced to trade with the master state on beneficial terms and cannot go outside to get a better deal from the master state’s competition. That’s a lot more what being part of the single-market looks like than the wide world outside it.
The American experiment has always been about empire busting. Busting ourselves out of that closed loop to gain access to less expensive goods and better prices for our production, but also to set loose our restrained capital rather than having it drained off to British monopolies.
Now the UK finds itself unintentionally in that same situation. With the chance to access to less expensive but still globally accepted quality goods, or to continue to have them blocked by EU regulation that has no rational basis other than to protect EU businesses. With the potential to sell UK production not just for better prices but to a massively larger global market, on terms that align the interests of the UK and their trading partners, not the rest of the EU. With a capability to passport financial and professional services globally rather than being limited only to Europe.
The only thing worse than being a big fish in a small pond with your growth limited by your environment, is being a medium fish in a small pond where you’re equally limited but also not in charge. There’s a big scary ocean next door with lots of good and bad in it, where the UK can still be a medium fish. But what’s different is there’s lots more room to grow & experiment & find the formula that works best for the UK.
Agreeing to a deal that’s worse than being inside the EU plus looks like it leads to the separation of NI & Scotland, that’s a bad choice. But staying inside the EU where the UK ends up with salaries so much less than places like the US or Canada is also not a workable solution.
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