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This article has a nice breakdown: http://www.bloomberg.com/news/articles/2016-06-24/down-and-out-in-london-as-wealthy-capital-outvoted-on-brexit#media-3 http:
by iofj 10y ago
This article has a nice breakdown:
http://www.bloomberg.com/news/articles/2016-06-24/down-and-out-in-london-as-wealthy-capital-outvoted-on-brexit#media-3 http://www.bloomberg.com/news/articles/2016-06-24/down-and-o...
2 things stand out:
Younger people voted remain
The richer you are, the more likely you voted remain. The working class is solidly on the side of Brexit (65%). Middle class is slightly on the Brexit side.
I wonder which of these is the bigger effect. Waiters in central London, for instance, who commute out far to get to their jobs. How did they vote ?
The EU has it's scapegoat: they're blaming the whole thing on David Cameron, for allowing a vote in the first place, in a supreme display of utter disdain for democracy. Of course, every vote save one about whether people wanted the EU saw people reject the EU, so I guess you can't expect Europe to like voters. Scarily a lot of people are going along with them. I don't understand why. Democracy is the central guarantee that protects workers and anything but the largest entrepreneurs from exploitation.
Also I don't understand why Hacker News, who mostly seem to be leaning to the left, are taking such a pro-capital stance. London's wealth is built at least in part, like Luxembourg's, on being a tax haven in the center of Europe, inside the EU but not paying most taxes. That's borderline criminal.
Does anyone here really think that playing on the side of big capital will work out well for you personally ? For 99.99% of the readers here it is simple: you are not a billionaire temporarily embarrassed by a misplaced comma on your bank account balance, you are either working or (maybe) middle class. Unless big capital, and the EU itself loses out big time you will die in poverty (just calculate out what your pension fund performance is when non-core inflation is 3% and interest rates are 0.25%).
- dingaling 10y ago> Also I don't understand why Hacker News, who mostly seem to be leaning to the left, are taking such a pro-capital stance. It's also a remarkably conservative stance versus the usual cry to 'disrupt all the things'. Surely an enormous political union with 750 million inhabitants, which has evolved gradually over 60 years with no clear objective or defined scope and little input from those inhabitants, is ripe for innovation and disruption?