John Kerry warns EU against taking revenge for Brexit
Kerry, and Obama used to be loved in Europe, today they are loathed, for good reason.
More below the fold.
Kerry is as intelligent, and clever as a golem. But here he is correct, and obviously so, he is also correct to be concerned that the idiot mandarines of the EU will do something stupid. They spent the past decade doing so much stupid that they angered the Brits right out of the Union. They are incompetents hoping beyond hope that with a tweak here, or there they will be able to Rule the World. Like some sophomoric fantasy of Brain, from Pinky and the Brain.
What the US should do is unilaterally open our borders to free trade. This would be an unalloyed economic good, and would allow us to more quickly determine our comparative economic strengths, and begin to exploit them. If other nations which to impoverish their citizens with tariffs, so be it, but we should not so impoverish our citizens.
However, I doubt that either Kerry or Obama are either intelligent, or clever enough to understand the benefit of unilateral free trade. We might be able to persuade them to begin negotiations for a pan Anglospheric free trade accord. A deal netting Britain, Canada, the US, New Zealand, Australia, India, and other smaller Anglospheric nations would be a massively powerful trading block.
Once accomplished, the group should simply open it up for any willing to sign on to the tariff free trade agreement. If the EU wishes to sand apart, so be it. It is a demographically and economically decaying block.
The Arab invasion of Europe is an economic disaster. The people immigrating have no history of work or productivity. They do have a parasitic culture which seeks to control, and once they control, they will simply consume, until there is nothing left. Saudi Arabia is the model, the oil wealth is vast, the welfare vast, the people have a high standard of living, yet there is very little real economy. The Saudi's simply want to consume the wealth pouring off the oil sales, they have no interest in converting that wealth into productive assets or businesses. They do not want to work, they want others to work. They wish to consume.
So it will be in Europe, these economic immigrants are not coming to build but consume.
1 United States 18,558,000
European Union[n 1] 17,029,370
2 China 11,383,000
3 Japan 4,123,258
4 Germany 3,357,614
5 United Kingdom 2,849,345
6 France 2,421,560
7 India 2,090,706
8 Italy 1,815,757
9 Brazil 1,772,589
10 Canada 1,552,386
11 South Korea 1,376,868
12 Russia[n 2] 1,324,734
13 Australia 1,223,887
14 Spain 1,199,715
List of countries by GDP (nominal) - Wikipedia, the free encyclopedia
With Britain leaving the EU, Germany will be left to foot the bills. The remaining large EU nations, France #6, Italy #8, and Spain #14 are in recession or depression, and there is no evidence they will recover any time soon (or, frankly, at all). The remaining countries are split but none of them right now are particularly strong.
Brexit damages the EU much more than it damages Britain. This is the reason Juncker is so angered by the vote. He and his unelected mandarines have been weakened, and will now need to rely increasingly on Germany, and the smaller economically more healthy nations, because the large Southern European nations are economically incompetent.
President Obama will not do the right thing here, but will instead seek to punish the Britons for their temerity, while Kerry warns the EU not to follow suit!? They really are that "clever."
As it is currently configured, the EU is little more than a fiction which requires the economically healthy nations with their longer work weeks, shorter vacations, and less generous benefits, to continually pump money into the economically moribund, allowing the moribund to have a better lifestyle, retaining short workweeks, copious paid holidays, and generous benefits. The Southern European nations are the Grasshoppers in Aesop's fable, the Ant, and the Grasshopper. But the EU writes this fable as a dystopian fantasy, with the Ants tethered eternally to the Grasshoppers. Well, until the Britons rebelled and cut the tether.
The reason the Spanish, Italians, Greeks, Portuguese are incapable of leaving the EU is their knowledge that they will never have it as good as inside the EU. How long before the Germans, and the other productive nations begin to realize that the game is for the Southern EU nations to ride the gravy train?
The EU is serfdom for the productive, and benefit for the unproductive. It is socialism. It's end is being videotaped by Venezuela right now.