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THE BEADY EYE ASK’S: Thinking ahead to 5 years from now, do you think Britain’s decision to leave the EU will have had a positive or negative impact on the UK?

08 Sunday Dec 2019

Posted by bobdillon33@gmail.com in 2019: The Year of Disconnection., Brexit v EU - Negotiations., Brexit., Digital age., England EU Referendum IN or Out., England., English General Election., European Union., Fourth Industrial Revolution., Modern day life., Reality., Sustaniability, Technology, The common good., The Obvious., The world to day., Unanswered Questions., WHAT IS TRUTH

≈ Comments Off on THE BEADY EYE ASK’S: Thinking ahead to 5 years from now, do you think Britain’s decision to leave the EU will have had a positive or negative impact on the UK?

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England - EU - Negotiations, England in five years., England's future., English General Election., The English in or out EU Referendum

 

(Seven-minute read)

Of course, as with all hypothetical questions, there is no correct answer.

Whether it will be a liberal One Nation Tory party, ongoing coalition governments or the Labour party that will be the political beneficiary is not yet sure.

However, looking at the present state of England against the problems facing the world one would have to say the horizon is far from looking bright.

The longer-term questions about the UK’s relationship with the EU will still need to be addressed no matter what the result of the current general election.

This very question itself will pale in comparison to the coming nexus environmental and energy problems facing us all.

Even if one was to ignore climate change it is truly impossible to overstate the havoc—financial, social, cultural—that could be brought about by peak oil if sufficient renewable energy is not in place to make up for declines in fossil fuels.

By the middle of the next decade or so, we will either all be starving, and fighting wars over resources, or our global food supply will have changed radically.

The bitter reality is that it will probably be a mixture of both.

The one thing we can be sure of is this:

No matter how wacky the predictions we make today, they will look tame in the strange light of the future. From the web to wildlife, the economy to nanotechnology, politics to sport, will see technological change on an astonishing scale.

All this assumes that environmental catastrophe doesn’t drive us into caves.

With over 60% of global GDP will be digitized by 2022 it is a total waste of time for countries such as the UK to attempted to pull up the drawbridge, to increase national production and reducing reliance on imports. These world-changing technologies are already creating more interconnected, interdependent and rapid business networks.

How far beggar-my-neighbour competitive devaluations and protection will develop due to a hard Brexit is hard to predict, but protectionist trends are there for all to see.

The question is, will Britain outside the EU be a more global, more deregulated, more free-trading country five years from now.

Presently nearly half of the UK’s total trade is with EU countries.

Leaving the biggest free trade area with over 500 million consumers won’t be cheap no matter what the divorce bill is. The EU has 53 trade deals worldwide the UK has zero. Political Map of Europe

The consequent rebalancing of the British economy will therefore take years and more than likely create a food underclass.

WHY?

Because it is as yet unclear when the UK will have the legal authority to begin negotiations; when the UK will leave the EU customs union; and what the trade arrangements between the UK and the EU will be after that point.

It is therefore difficult to see how third countries could engage seriously with the UK until these decisions have been taken. In addition, there are significant obstacles to meaningful trade deals with most of the countries.

The world will be more complicated even if these projections assume an orderly exit from the EU.

Only when we stand together can we secure our prosperity in a competitive world as the distinction between the country, town, will blur, with Artifical intelligence not to mention sea levels rising.

Why?

Because if I’d been writing this five years ago, it would have been all about technology: the internet, the fragmentation of media, mobile phones, social tools allowing consumers to regain power at the expense of corporations, all that sort of stuff but artificial intelligence is proving itself an unexpectedly difficult problem.

To describe EXACTLY what they will be doing in 1,820 days never mind that a second financial crisis in the 2010s – probably sooner than later – that will prove not just to be the remaking of Britain but the whole of the EU.

All human comments appreciated. All like clicks and abuse chucked in the bin.

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