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  • Brexitology

    From economonitor.com

    A generation ago, in the second half of the 80s, hardly anyone would predict the fall of real socialism, or communism, as it was known in the West, and the disintegration of the Soviet Union. Quite the contrary; even such prominent Sovietologists as Zbigniew Brzeziński assumed that the USSR may not fall and would last for quite a long time. When things turned out differently and, consequently, Francis Fukuyama prematurely announced the end of history, thousands of Sovietologists, especially American and British ones, looking to justify their existence, quickly rebranded themselves as experts on political changes in ... (full story)

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  • Post #1
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  • Jul 6, 2016 1:49pm Jul 6, 2016 1:49pm
  •  nbfx
  • Joined Oct 2010 | Status: Member | 1,325 Comments
It would be very dificult for Grzegorz W. Kolodko to be anything other than totally against the UK's decision to exit EU given that this is the man who engineered Poland's Entry. He is also credited for increasing Poland's GDP 3 fold during his tenure as finance minister. What needs to be remebered is that as a former Communist state the GDP numbers were incredibly low when he started so the increase through trade was inevitable whoever took that post..
 
 
  • Post #2
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  • Jul 6, 2016 2:09pm Jul 6, 2016 2:09pm
  •  cliffedwards
  • | Membership Revoked | Joined May 2006 | 3,078 Comments
Quoting nbfx
Disliked
It would be very dificult for Grzegorz W. Kolodko to be anything other than totally against the UK's decision to exit EU given that this is the man who engineered Poland's Entry. He is also credited for increasing Poland's GDP 3 fold during his tenure as finance minister. What needs to be remebered is that as a former Communist state the GDP numbers were incredibly low when he started so the increase through trade was inevitable whoever took that post..
Ignored
Your Point?
Correctly observed that Kolodko views are biased by his previous position
Correctly observed that historic communist state GDP numbers are unreliable.
So having made these reasonable qualifications ..
What ARE you saying about the substance of the story?
 
 
  • Post #3
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  • Jul 6, 2016 2:16pm Jul 6, 2016 2:16pm
  •  nbfx
  • Joined Oct 2010 | Status: Member | 1,325 Comments
I think you just eloquently made my point for me. many thanks
 
 
  • Post #4
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  • Jul 6, 2016 2:17pm Jul 6, 2016 2:17pm
  •  cliffedwards
  • | Membership Revoked | Joined May 2006 | 3,078 Comments
Extract for those without the time to read the full article..
"The most important thing is to understand why the majority voted against what the economic good sense would tell them. This is a question to sociology-minded Brexitologists rather than to economists. Many of the 51.9 per cent in favour of Brexit simply did not realise what they were opting for. And an error of a historic magnitude was committed. The scale of demagogy and stupefying propaganda spread by various politicians and media was so vast that millions of people got tricked into behaving irrationally. Indeed, a rational person is one acting for one’s own benefit, considering the available information. And the information was sometimes manipulated or even falsified. After all, we cannot assume that English and Welsh people, unlike Scots and Northern Irish people, the majority of whom voted remain, made an informed vote to their own detriment. They did not know what they were doing and with time they will be sorry. Some of them already are."
 
 
  • Post #5
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  • Jul 6, 2016 2:18pm Jul 6, 2016 2:18pm
  •  cliffedwards
  • | Membership Revoked | Joined May 2006 | 3,078 Comments
Quoting nbfx
Disliked
I think you just eloquently made my point for me. many thanks
Ignored
Its not a point.
Its a qualification.
Youve added nothing to the analysis except a qualification
 
 
  • Post #6
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  • Jul 6, 2016 4:26pm Jul 6, 2016 4:26pm
  •  dancingphil
  • Joined May 2009 | Status: Member | 365 Comments
It's not so complicated really.

Psychology, Economics and Politics are all Social Sciences. And the word SCIENCE is used inappropriately by all 3 schools - there's nothing scientific about them.

Just as Freud was cocaine addled and addicted when he formed his outrageous assumptions of human hysterics and sexuality; so are Economists and Politicians EQUALLY cocaine addled and hysterical in their views too.

Brexit simply happened because democracy is a JOKE. There is NO WAY there can be a rational decision achieved with democracy when a full 50% of the populations is of below average intelligence.

And the stupidity of the population is the Achilles heal of democracy ever being useful as a system of human control.
 
 
  • Post #7
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  • Jul 6, 2016 5:15pm Jul 6, 2016 5:15pm
  •  gandolf13
  • | Joined May 2015 | Status: Member | 480 Comments
Irrationally I voted Brexit, not for me but my kids and kids, kids.
I agree with his very loose view that globelisation is a goal worth trying for.
I also agree that the EU is fundamentally flawed in too many area's for the reforms necessary to be implemented without starting from scratch or without complete political, fiscal and legal control.
I chose starting from scratch, well aware of how a Brexit would impact on the UK for many years and probable implications to EU stability and global finances.

If you read the whole article and believe it, you may conclude my irrationality was validated.
 
 
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  • Posted: Jul 6, 2016 1:29pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 7  /  Views: 2,405
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