Well of course

The average Dutch household could be better off by over £8,000 a year and national income will grow by over £1 trillion if the Netherlands leaves the euro and the EU, according to a new study.

People have made the same finding about the UK as well. For it’s obvious that if you free yourself from a stultifying bureaucracy and become a classically liberal free trading nation then the economy will grow.

Simples.

9 thoughts on “Well of course”

  1. The problem is that the UK isn’t classicly Liberal anymore, if it ever was. I fear that if/when we remove the EU we’ll just replace it with an even more stultifying bureaucracy that isn’t held back by the EU treaty provisions. For example there’ll be nothing to stop Dave bringing in minimum pricing for booze with the EU gone.

    If anti-EU sentiment was driven by liberal, free-market agitation I wouldn’t be worried. Instead it seems to be driven by petty nationalism. My I’m cynical this morning, must be the weather…

  2. With MattyJ. And you’d still have to deal with the stultifying bureaucracy remaining in the other places.

    You could make a case that any individual country would be better off out of the EU, but that case also relies on all the remaining members staying in. If they all left, they’d all be worse off. Isn’t there even some economic or game theory name for this phenomenon?

  3. I’m not convinced. Which party is going to take a scythe to the regulatory State? Our political class are of the same character as their EU counterparts.

    The number of people who currently want a classically liberal free trading nation could fit in a reasonably sized pub. And you wouldn’t find many captains of industry among them, either. Which segues back to the Frances Coppola post a few posts down.

  4. Mixing with wops, spics, frogs, boche, dagos, gypos, walloons, paddies, micks and polacks etc etc ad nauseam. This is the rich racial diversity that costs us about 20% of our national income.

  5. A big red flag for me in the Telegraph article is the assumption that bringing the regulatory process back to the Netherlands will bring a reduced cost to the economy. It will lead to regulation being better tailored to the Dutch economy but that doesn’t mean it will be cheaper.

    The economic benefits of being in the EU and the economic benefits of leaving it are largely subjective. You might as well read tea leaves.

    The case for leaving is better made around the issues of sovereignty, accountability and the past record of europhile deceit (on the euro, EU constitution referendum, etc), regulatory capture by NGOs and lobby groups and the constant desire to push for further political integration. They apply in spades to national governments too but they are also undeniable.

  6. It’s very unlikely we’d be stuck with the UK political class after leaving the EU. Because said class would fight to the death to keep us in the EU. So no EU implies no political class. QED.

  7. “if you free yourself from a stultifying bureaucracy and become a classically liberal free trading nation”

    As always, it’s the “if” that is the difficult part.

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