The Lib­er­at­ing Power of Brexit

The Star (St. Lucia) - - COMMENT - By Isi­doros Karderi­nis

The ref­er­en­dum of June 23, 2016 re­gard­ing Bri­tain's re­main at or exit from the Euro­pean Union, through its sub­ver­sive BREXIT re­sult - the first ma­jor, painful de­feat for the un­der Ger­man con­trol Euro­pean Union of the banks and multi­na­tion­als,- un­doubt­edly shook the dom­i­nant Bri­tish and Euro­pean po­lit­i­cal and eco­nom­i­cal sys­tem.

The Bri­tish, taken as a whole, are not the peo­ple of a pro­tec­torate who might per­haps have a slave men­tal­ity. They are the proud peo­ple of a great coun­try that in the past has been an em­pire and to­day is one of the world's largest economies. The Bri­tish there­fore, who are also the win­ners of two world wars, have de­vel­oped a highly dig­ni­fied at­ti­tude and be­hav­ior. So, the Bri­tish ci­ti­zens who en­dured with un­prece­dented fortitude and brav­ery the fierce bom­bard­ments of the Nazi air force in World War II, would not be able to ac­cept,- against any short-term neg­a­tive eco­nomic im­pacts aris­ing from the BREXIT-, the Ger­man dom­i­na­tion and lead­er­ship in the Euro­pean Union.

Thus, the in­cred­i­ble sur­prise of the Ger­man po­lit­i­cal lead­ers and far away stand­ing bu­reau­crats in Brussels caused by this amaz­ing, lib­er­at­ing for the or­di­nary peo­ple re­sult, on that promis­ing and sunny dawn of June 24, 2016, does not com­ply in any way with any his­tor­i­cal knowl­edge and thor­ough data anal­y­sis.

Ger­many's as­sid­u­ous ef­fort to put un­der its com­plete con­trol the Euro­pean peo­ple and level once again the con­ti­nent –this time not by the use of mil­i­tary weapons as in the past, but the use of eco­nomic ones-, presents sim­i­lar, ig­no­rant of his­tory char­ac­ter­is­tics. It is ob­vi­ous that the Ger­mans, who can­not con­trol in any way their great po­lit­i­cal and eco­nomic power, are com­pletely ig­no­rant of the his­tory, and so now, find them­selves -by math­e­mat­i­cal de­ter­min­ism- on the verge of a new de­feat that will come through the im­mi­nent, un­rav­el­ing of the Euro­pean Union.

The Euro­pean Union, which in 1993 through the Maas­tricht treaty re­placed the un­til then EEC, is ba­si­cally a by de­fault un­nat­u­ral and de­fec­tive po­lit­i­cal and eco­nomic union of states with dif­fer­ent po­lit­i­cal, le­gal, eco­nomic, mil­i­tary and cul­tural lev­els, but as well a union of peo­ple who feel like strangers to each other, with­out any mu­tual and broth­erly feel­ings of sol­i­dar­ity, thus the gran­diose pro­nounce­ments and un­re­al­is­tic vi­sions for a demo­cratic and pros­per­ous from end to end Euro­pean Union could not but be bit­terly ruled out.

Ger­many, tak­ing ad­van­tage of the im­pacts of the cri­sis erupted in Septem­ber 2008 through the gran­diose col­lapse of the banks (Lehman Broth­ers), and in­vok­ing -of course- the Maas­tricht Sta­bil­ity Pact and the need for re­form pack­ages so that the neg­a­tive ef­fects of the cri­sis can be con­fronted, has been im­ple­ment­ing since then -with ex­ag­ger­ated dom­i­nance- a kind of eco­nomic to­tal­i­tar­i­an­ism, mostly against the weak Mem­ber States of the Euro­pean pe­riph­ery.

The anti-grass roots eco­nomic plans of the strictest ne­olib­eral austerity im­posed by Berlin have in­deed lev­eled the so­ci­eties of the south­ern Europe coun­tries. In Greece, -which is cer­tainly the most typ­i­cal ex­am­ple of the pi­lot im­ple­men­ta­tion of these in­cred­i­bly ab­surd and eco­nom­i­cally ir­ra­tional poli­cies-, un­em­ploy­ment has in­creased dra­mat­i­cally to 26.8 per­cent of the work­force, while 36 per­cent of the Greek pop­u­la­tion lives be­low the poverty line. In Italy, 24.4 per­cent of the pop­u­la­tion is fac­ing the risk of poverty and so­cial ex­clu­sion. In Spain 22,2 per­cent of the house­holds live be­low the poverty line and more than one in three chil­dren, -that means 2.6 mil­lion, - are fac­ing the risk of poverty and so­cial ex­clu­sion. In Por­tu­gal, one in four chil­dren lives be­low the poverty line and a to­tal of about two mil­lion peo­ple - 20 per­cent of its pop­u­la­tion- live amid poverty and des­ti­tu­tion.

In the same time, Ger­many has clearly re­ceived un­prece­dented eco­nomic ben­e­fits. Its ex­tremely big prof­its arise from the trans­fer of in­vestors' money to low risk Ger­man bonds due to the cri­sis plagu­ing the eu­ro­zone. Es­pe­cially af­ter 2009, yields on Ger­man bonds have reached the bot­tom of the bar­rel, while in some cases (eg 5-year Ger­man bonds) reached neg­a­tive in­ter­est rates. That means that Ger­many not only does not pay to bor­row, but on the con­trary, in­vestors -given the in­se­cu­rity in the euro zone- pay it in or­der to safe­guard their money. Thus, in five years time (20102015), Ger­many has man­aged to save a to­tal of EUR 100 bil­lion, equiv­a­lent to 3% of its GDP, pre­cisely be­cause of the dra­matic re­duc­tion in bor­row­ing costs.

So, it is more than ob­vi­ous to ev­ery benev­o­lent ob­server that the Euro­pean Union -and surely the ex­tremely ne­olib­eral Eu­ro­zone- op­er­ates in the in­ter­ests of the hege­monic and dom­i­nant Ger­many at the ex­pense of other Mem­ber States and mainly at the ex­pense of the south­ern Europe coun­tries. The ex­tremely high trade sur­pluses achieved by Ger­many, -eg 2013 it had a trade sur­plus of 200 bil­lions thus re­main­ing a highly com­pet­i­tive state, -are cer­tainly due to the great Ger­man eco­nomic ma­chine but in the same time they are scan­dalously in­creased by the un­fair Eu­ro­zone mon­e­tary sys­tem.

Ger­many for the first time in many years, apart from its eco­nomic boom, has be­come a first rate in­ter­na­tional player, given that its po­lit­i­cal lead­er­ship has found it­self at a key po­si­tion thus be­ing able to rep­re­sent the other Euro­pean coun­tries, with­out be­ing asked to. So Great Bri­tain - the first mil­i­tary power, a per­ma­nent mem­ber of the UN Se­cu­rity Coun­cil and the coun­try with the third largest con­tri­bu­tion to the EU bud­get- exit from the Euro­pean Union, rep­re­sents a fa­tal blow to the in­ter­na­tional sta­tus of the Euro­pean Union and first of all to the sta­tus of Ger­many.

In the same time, the Euro­pean Union in­sti­tu­tions and de­ci­sion-mak­ing pro­cesses lack demo­cratic le­git­i­macy and they are dis­tant and in­ac­ces­si­ble to the or­di­nary Euro­pean citizen. Thus, a deep demo­cratic deficit di­rectly op­pos­ing the found­ing treaties of the Euro­pean Union and grossly vi­o­lat­ing the orig­i­nal declara­tory core of val­ues, is clearly vis­i­ble The peo­ple of Europe do not ex­ert ab­so­lutely any di­rect in­flu­ence on the im­por­tant Euro­pean Union de­ci­sion-mak­ing in­sti­tu­tions –i.e the Euro­pean Coun­cil with its strong cen­tral­ized role and the Euro­pean Com­mis­sion with its highly bu­reau­cratic and tech­no­cratic na­ture- while these in­sti­tu­tions have ab­so­lutely no ac­count­abil­ity to the ci­ti­zens. On the other hand, the di­rectly elected Euro­pean Par­lia­ment, which is based in Stras­bourg, does not pos­sess by no means suf­fi­cient pow­ers and con­tin­ues to be a weak link.

In con­clu­sion, the Euro­pean Union, which has been re­duced into a type of Ger­man colony, de­spite the il­lu­sions cul­ti­vated by cer­tain po­lit­i­cal cir­cles, is not will­ing to change or im­prove, or even ac­quire a demo­cratic, so­cial role. Thus came the great time for the en­slaved coun­tries within the Euro­pean Union and the euro zone to fol­low the shin­ing ex­am­ple of Great Bri­tain and the proud Bri­tish peo­ple, to break their steel shack­les and get lib­er­ated, look­ing for­ward with a wide­spread hope and op­ti­mism.

The au­thor is a nov­el­ist, poet and econ­o­mist with post­grad­u­ate stud­ies in the tourism econ­omy.

Newspapers in English

Newspapers from Saint Lucia

© PressReader. All rights reserved.