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Response to sharedvalues (Reply #18)

Sat Aug 31, 2019, 11:04 AM

21. It's more involved than a simple split.

There was large-scale UKIP/Brexit Party entryism into the Tory Party before Johnson's election. How loyal those entryists will be to the Tories in an upcoming general election remains to be seen.

As for how Brexit helps billionaires, any large-scale economic upheaval presents opportunities for those on the money markets to profit, e.g. by shorting sterling. And in the aftermath, the country will be ripe pickings for deregulation and other measures that will profit the wealthy. Rees-Mogg et al. have the bulk of their wealth salted away abroad, so they'll be safe.

It's not dissimilar to the situation in the USA, and indeed, many of the same US actors have been supporting Brexit (DU tends to overboard by pointing at Putin every time the UK has a setback, but the links to US capitalists and libertarians/freemarketers are well documented, and have been for years).

There's also the issue of EU laws governing money laundering, tax havens etc. Under May, these regulations were supposed to be retained in UK law, but all bets are off now.

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Arrow 24 replies Author Time Post
Soph0571 Aug 2019 OP
Celerity Aug 2019 #1
Soph0571 Aug 2019 #12
Celerity Aug 2019 #14
Mike 03 Aug 2019 #2
OnDoutside Aug 2019 #3
Ghost Dog Aug 2019 #4
OnDoutside Aug 2019 #6
sharedvalues Aug 2019 #18
paleotn Aug 2019 #20
LineLineLineLineLineNew Reply It's more involved than a simple split.
Denzil_DC Aug 2019 #21
sharedvalues Aug 2019 #24
OnDoutside Aug 2019 #22
hlthe2b Aug 2019 #5
True Blue American Aug 2019 #7
CottonBear Aug 2019 #8
True Blue American Aug 2019 #9
CottonBear Aug 2019 #10
True Blue American Aug 2019 #11
CottonBear Aug 2019 #15
Grokenstein Aug 2019 #13
Gumboot Aug 2019 #16
Mike 03 Aug 2019 #17
Soph0571 Aug 2019 #19
LeftishBrit Aug 2019 #23
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