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Brexit has little to do with the EU's stability, and more with the stability of the UK political system. Let's not forget that the EU is not a nation-state on
by kazen44 8y ago
Brexit has little to do with the EU's stability, and more with the stability of the UK political system.
Let's not forget that the EU is not a nation-state on the same level as the US, but a supranational type of goverment. (and currently being the only one at that).
Brexit is a lot easier to achieve politically compared to texas seceding because the US is an inherently far "stricter" type of political entity.
- kbutler 8y ago> the EU is not a nation-state on the same level as the US That's the point. The reality of brexit suggests neither the Euro nor the GB-Pound is a stable substitute for the dollar as a reserve currency. The Yuan (with China's exchange rate manipulation and general economic manipulation)? The Yen (with Japan's 10-20 year malaise)? Crypto? (how much volatility and market manipulation are you willing to accept?) Gold/silver standard? (It has certainly had a tiny fraction of the inflation of the US dollar, but there are other challenges)
- emodendroket 8y agoThe United States is not a nation-state, in the sense that there is no "American people" who make up its polity (well there are Amerindians but it's obviously not their nation-state).