Its been almost a week since the Brmain / Brexit referendum which threw water at whatever little gains the Malaysian ringgit was making against the dollar tanking at RM 4.15 to a dollar. Then the terrorist attacks in Istanbul came to make a bleak week bleaker. The only silver lining I could think of in the past week is that I didn't waste much time following the Trump circus show.
No doubt the referendum to favour Brexit was a surprise to many of us amateur and even professional political pundits, I just brushed it off–yeah, sure, Britain is going to leave EU in place of what? The little country that colonised close to half the planet is so afraid of EU immigrants? Anyway I think the results of the referendum should be deemed inconclusive. It makes no sense that the British PM would just cop-out when he could have just as easily argued that a 4% margin of difference on such an important matter is inconclusive especially since most of the youth decided to remain in EU. With retirees being the main demographic who support Brexit its highly likely that after two years of painstakingly extricating themselves out of the EU there will be more people who would rather be in the EU than out. It would be foolish of the UK government not to do another referendum especially now when reports are pouring in that many people who voted for Brexit say they felt cheated because they were fed with empty promises especially after the ensuing economic turmoil UK has brought on itself following the results of the referendum.
Unfortunately politics is no stranger to foolhardiness. From Bush Jr.'s Iraq war, Beijing's annexation of the Spratly's, Robert Mugabe's continuing premiership of Zimbabwe, Kim Jong Un's endorsement of Donald Trump to Malaysia's disappearing-billions-of dollars seemingly in plain sight the 21st century hasn't freed itself from bad leadership judgements despite being the age of information and people who are easily charmed by snake-oil salesmen.
It would be embarrassing for the UK to say the least to re-do the referendum but crossing fingers with the hope that everything will turn out well for all sides if Brexit is followed through is clearly worse. It takes a pragmatic leader to realise the UK needs the EU more than the other way around. The referendum has already weakened the UK economically with the value of the pound plunging and politically by sowing a chasm of discord between Britain, Scotland and Northern Ireland (The Scotts and Irish voted overwhelmingly to remain in EU while Britain and Wales chose to leave). If the next PM of UK pushes to remain in the EU he or she will herald a more United Kingdom with youth who are engaged with its future or if the PM decides to pursue Brexit a deeply divided nation will be stuck with a damper that just cannot get over the good old days. Time will tell.
No doubt the referendum to favour Brexit was a surprise to many of us amateur and even professional political pundits, I just brushed it off–yeah, sure, Britain is going to leave EU in place of what? The little country that colonised close to half the planet is so afraid of EU immigrants? Anyway I think the results of the referendum should be deemed inconclusive. It makes no sense that the British PM would just cop-out when he could have just as easily argued that a 4% margin of difference on such an important matter is inconclusive especially since most of the youth decided to remain in EU. With retirees being the main demographic who support Brexit its highly likely that after two years of painstakingly extricating themselves out of the EU there will be more people who would rather be in the EU than out. It would be foolish of the UK government not to do another referendum especially now when reports are pouring in that many people who voted for Brexit say they felt cheated because they were fed with empty promises especially after the ensuing economic turmoil UK has brought on itself following the results of the referendum.
Unfortunately politics is no stranger to foolhardiness. From Bush Jr.'s Iraq war, Beijing's annexation of the Spratly's, Robert Mugabe's continuing premiership of Zimbabwe, Kim Jong Un's endorsement of Donald Trump to Malaysia's disappearing-billions-of dollars seemingly in plain sight the 21st century hasn't freed itself from bad leadership judgements despite being the age of information and people who are easily charmed by snake-oil salesmen.
It would be embarrassing for the UK to say the least to re-do the referendum but crossing fingers with the hope that everything will turn out well for all sides if Brexit is followed through is clearly worse. It takes a pragmatic leader to realise the UK needs the EU more than the other way around. The referendum has already weakened the UK economically with the value of the pound plunging and politically by sowing a chasm of discord between Britain, Scotland and Northern Ireland (The Scotts and Irish voted overwhelmingly to remain in EU while Britain and Wales chose to leave). If the next PM of UK pushes to remain in the EU he or she will herald a more United Kingdom with youth who are engaged with its future or if the PM decides to pursue Brexit a deeply divided nation will be stuck with a damper that just cannot get over the good old days. Time will tell.
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