Brexit

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Re: Brexit

Postby trainspotter48 » Mon Apr 22, 2019 1:35 pm

i believe it's known as being between a rock and a hard place.

I leave it to other readers to determine whether the preservatives or the EU represents the rock.
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Re: Brexit

Postby Grok » Wed Apr 24, 2019 5:45 am

Peter Zeihan discusses the collapse of the global trading system.

https://www.youtube.com/watch?v=lFjr-Q1qi-g
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Re: Brexit

Postby Grok » Wed Apr 24, 2019 3:15 pm

Don't recall title nor author, I once came across a book in the public library that discussed the (then theoretical) collapse of the global trading system.

There were several stages in a government's reaction to this collapse:

1. It sinks in that the collapse is for real. Panic among the top political leadership.

2. The top leadership decides that they will do whatever they must to save their country's economy. They decide that they will abandon any inconvenient rules of the global system.

3. The government scrambles to make bilateral deals with whichever country has crucial resources.


Number 2 results in the termination of the World Trade Organization.

Number 3 resembles Britain's search for trade deals in the aftermath of the Brexit referendum. But with multiple governments searching at the same time-and those governments will be desperate.
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