March 4, 2016
Brexit: Stormy Weather for Britain
A hundred and fifty years ago, British Prime Minister Lord Derby praised Benjamin Disraeli, Leader of the House of Commons, for taking a “leap in the dark” in 1867 by introducing the Second Reform Act, a positive measure that extended the parliamentary vote to the urban electorate. Today, a different kind of “leap in the dark”, negative in effect, has been proposed by British politicians who want British exit (Brexit) from membership of the European Union.
The decision of the British people on this issue, Brexit or Remain, will be made in a referendum on June 23, 2016 on the simple, but highly controversial question, “Should the UK remain a member of the EU or leave the EU?” There are a host of technical problems, legal complications, and both major and minor issues for voters to consider, but the central one is also simple: will Britain benefit or lose by exiting from the EU?
No one can answer this question, with its economic, legal, and...(Read Full Article)