Brexit would be a decisive strike against the banking-corporate neo-Feudalism

[no more banksters]

... but it seems that the Left does not understand it

http://failedevolution.blogspot.gr/2016/06/brexit-would-be-decisive-strike-against.html

[DemFromPittsburgh]

1. A permanent 2% drop in GDP is not something to welcome.

[tabasco]

5. Yes, it is.

Continued "growth" is unsustainable in a closed system. It is time that we demand an end to continued economic expansion, which enriches the wealthy but is destroying the biosphere and does nothing for working people long-term.

[DemFromPittsburgh]

35. The resulting unemployment and economic disruption would not be welcome.

Also, the tariff increases would make everything cost more.

[DesMoinesDem]

17. Economist's can't predict what will happen 5 years out

A prediction about will happen permanently is unbelievably stupid.

[DemFromPittsburgh]

22. Your post is unbelievably rude

[adigal]

24. Some very smart friends who are bankers and live in England

told my friend and I that Britian leaving will be the end of the EU, destabilizing world economies and to start stockpiling rice and beans.
Hyperbole, but they are very worried.

[FreakinDJ]

2. yes it would be

And how many times have the Wealthy Elite tried to decive us to vote against our own best interest

[LonePirate]

3. Look for a massive drop in the stock markets on Friday if Brexit wins.

The world economy - yes, even the US economy - will take a hit if Brexit passes.

[Warren DeMontague]

7. And then look for a buying opportunity immediately after that.

Because the real-world impact outside of Britain won't be terribly big.

I still think it's a bad deal for the UK though.

[LonePirate]

11. By immediately, do you mean six months, two years or an indefinite amount of time later?

We don't live an isolated world. If Brexit occurs, all of Europe will feel the effects, not just Britain. There is a chance could dissolve as a result. The US will feel the effects if Europe is hit hard by Brexit. The only unknown is how long those effects will last.

Brexit is little more than a British version of the isolationism promoted by Trump and others. The fact that he's in favor of it should cause every Dem to oppose it. Nothing good can come from Brexit winning.

[Warren DeMontague]

21. Like i said, I think its a bad idea.

I hope it fails.

[adigal]

25. British banking friends said to start stockpiling rice and beans

Because the world economy will take a HUGE hit. They are very worried.

[Gabi Hayes]

26. where's the best place to put my short money?

thinking like a republican here

or rahm, or citi, etc

[pampango]

4. That's why why the far-right supports it and British labor opposes it.

I am sure that Trump and UKIP support Brexit to strike a blow against "banking-corporate neo-Feudalism". It is a shame that "the Left" is not smart enough to get on board with Trump and UKIP and stop siding with Sanders, Clinton and Obama.

[former9thward]

16. The banks and corporations all oppose it.

I am not on their side. Clinton and Obama would both oppose an EU type of arrangement for the U.S. It is hypocritical for the U.S. to say it is good for the UK.

[pampango]

18. British labor and most of the left also opposes it. The far-right supports it.

If you hate corporations more than you like unions and the left, I hope you get your Brexit and the Tory-run government that will not protect workers when EU labor protections disappear.

I am sure banks and corporations will just hate life under the "Britain First" Tories more than they would under an "America First" Trump administration in the US.

[former9thward]

19. Tories are opposed to Brexit.

Maybe you didn't notice that. The prime Minister, David Cameron, is a Tory.

[Spider Jerusalem]

20. Some Tories are

Cameron only called for a referendum to appease the Eurosceptic wing of the Tory party. He decided to stake the future of his country on a cynical gamble to win votes.

[pampango]

29. Tories are split like our republicans between their 'tea party'/Trump wing (UKIP and

others) and their establishment wing. The former is the driving force behind Brexit. The latter opposes it.

Since the Tories are split, one's view on Brexit has to coincide with one conservative faction or another. I choose to oppose the far-right (in the UK and elsewhere) and support the position taken by British unions.

[alarimer]

34. The Brexit folks are as odious as Trump voters.

That is reason enough to vote for Remain, in my mind. But I also think it would be so incredibly disruptive, economically and otherwise.

[zazen]

6. selfishly speaking, wouldn't investment in US increase as a "safe haven?"

I support Brexit as a blow against global neoliberalism, but frankly I thought it would strengthen US currency and investments vis a vis Europe, at least temporarily. Could any finance people clear this up?

[sendero]

8. It's a fallacy that..

... only the extreme right wants to Brexit. The left does too.

It's pretty well outlined here and it is pretty hard to understand how any progressive could want to continue with the EU.

[muriel_volestrangler]

15. No, you've got your 'extreme' in the wrong place

The right want Brexit; so do the extreme left. If you had a spectrum, then you'd say there's a majority for exit among the right-most 45%, and the left-most 5%. between that (eg the majority of the Labour party, and the Green party, and the SNP, and the Lib Dems, and moderate Tories) are for Remain.

[pampango]

31. The far-right and far-left meet somewhere to support Brexit?

That is unfortunate, particularly in the UK. If UKIP and the far-right (the racist, xenophobic driving forces behind Brexit) are successful, they will govern Great Britain through the Conservative Party which will remain in power.

Cameron will probably resign (that's one good thing) to be replaced by a more conservative UKIP/'tea party' right winger. Jeremy Corbyn (very liberal) will probably resign as head of the Labour Party to be placed by a more centrist politician.

The EU's high labor standards will no longer apply to workers in the UK. It will be up to the UKIP-led Conservative Party-run UK government to stand up for workers. Good luck with that.

[Starry Messenger]

9. It would also lead to stripping labor protections and increased xenophobia. Hard pass for me.

[sendero]

10. I think..

... you have got it exactly backward. The EU has been horrible for labor.

[Starry Messenger]

12. Why Brexit would be a disaster for your employment rights

Imagine a country in which there is:

– No statutory right to paid holiday

– No legal limit on the number of hours employees can be required to work

– No right to a daily rest period

– No laws to prevent employers discriminating against workers who are disabled or who have particular religious beliefs

– No right for employees to take time off work to look after a sick child.

This was the UK before the New Labour government was elected in 1997. Since then a substantial number of employment rights have been introduced – most of which have their roots in EU legislation.

Thanks to the EU, employers cannot treat part-time workers less favourably than full-time workers, working parents have a right to take leave to look after their children, and temporary agency workers and workers with fixed-term contracts are entitled to the same basic conditions as comparable workers with permanent contracts.

http://www.independent.co.uk/news/uk/eu-brexit-uk-referendum-leave-employment-rights-disaster-explained-a6921126.html

[muriel_volestrangler]

14. The British trade unions' position:

On Thursday 23 June British voters will decide if Britain should continue its membership of the European Union or leave.
Working people will have a big stake in the referendum because workers’ rights are on the line. The TUC is concerned that leaving the EU puts at risk many vital workplace rights currently underpinned by EU law – paid holidays, extra maternity rights and better conditions for part-time workers, as well as many better jobs in export-reliant industries.
RESOURCES
WORKERS' RIGHTS: Brexit impact
An independent legal opinion from Michael Ford QC identifies the dangers of Britain leaving the EU for working people.
BETTER OFF IN - Working people and the case for remaining in the ​EU
This paper looks at the likely impact of Brexit on the core concern of trade unions: good jobs with decent pay.​
A BIG DECISION FOR WORKERS - Interactive guide
Guide to help you understand the main issues that affect working people.
THE NHS: How Brexit could affect our health service
BRITISH STEEL: Why Brexit won’t save our steel
HEALTH AND SAFETY:
- What Brexit would mean
- The benefits for UK workers
WOMEN’S RIGHTS: The risks of Brexit
Women workers’ rights and the risks of Brexit​
This report outlines 20 ways in which EU law has improved the rights of working women in the UK
WORKING PARENTS & CARERS - Risks of Brexit​
​RACE EQUALITY: The risks of Brexit
FREE MOVEMENT IS A TWO-WAY STREET - Brexit would risk it all
PART-TIME AND TEMPORARY WORKERS - Risks of Brexit​
RIGHTS FOR OUTSOURCED WORKERS​ - Risks of Brexit
VIDEOS
The EU referendum: A big decision. Don't risk it! - Explanatory animation
Stuart's story: Don't risk our car industry by leaving the EU
Tracey's story: Don't risk our flexible working by leaving the EU​
Angie's story: The NHS will be poorer if we leave the EU
Maurice's story: Bad bosses will exploit workers' if we leave the EU​
Kevin's story: EU laws have helped reduce injuries at work and even saves lives
Michelle's story: I don't want to risk losing pregnancy, maternity and family leave rights

https://www.tuc.org.uk/EUref

[Recursion]

28. Wow, you don't actually know much about this, do you?

That's a statement that is so stunningly wrong I don't even know where to start.

[BlueNoMatterWho]

13. Frexit is next.

[BlueMTexpat]

23. It would be stupid.

But nice try.

[Recursion]

27. Brexit would be a catastrophe, and hipsters who use phrases like "banking-corporate neo-Feudalism"

or "banksters" would ironically be the ones who suffer the most.

[baldguy]

30. Staying in is a strike against nationalist fascism.

[Nye Bevan]

33. So Jeremy Corbyn is a friend of the banksters?

You're more of a Nigel Farage and Boris Johnson fan?