Daily Times

Goldman Sachs, JP Morgan, The IMF, David Cameron, George Osborne, Hillary Clinton, Mark Carney – it’s a list of names that many on the left would surely like rather see condemned than side with in a democratic debate. Yet the build-up to the forthcoming referendum on Britain’s EU membership sees them doing exactly that. While those figures emblematic of exiting the EU – Boris Johnson, Michael Gove and Nigel Farage – aren’t very appealing to those of liberal instincts, allying with them offers a chance to shake-up the status quo. In an age where democracy is heavily curated by corporate power, is it not better to assume a disruptive islander mentality than a supine federalist one? Will anyone on the left stand up for Brexit? Rousseau once mocked British democracy by claiming the British public were ‘free only during elections’. Given that it was 1975 last time we had a referendum on European membership and a great deal of power has been transferred from our parliament to the EU since then, by Jean-Jacques’ logic it’s 41 years since we were last ‘free’. Should Britain really fear being in charge of its own affairs more than continuing along its current path? If we consider domestic politics in Britain we see a governing Conservative Party that in its last two budgets has attempted to rob from the poor and give to the rich to such an extent that it has caused national outcry. Plans to remove tax credits for low earners in 2015[i] and reduce benefits for the disabled this year[ii] have had to be rescinded. With some laughably optimistic predictions about fiscally beneficial future growth the Chancellor, George Osborne, manages to hang on to his tax cuts for the rich. The British public are starting to see what a Tory majority looks like in practice and it’s quite a shock compared to the coalition government that preceded it. Then, the Liberal Democrat party acted as set of humanitarian reigns to steer the Conservatives away from their worst excesses and sacrificed itself electorally as a result. Up and down the land voters are feeling the effects of savage cuts to the budgets of their local councils: youth centres are closed, roads go unrepaired, and teachers lose their jobs in a manner that is completely incompatible with building a country state fit for success in the twenty first century[iii]. Brexit would cause chaos in the Conservative party, fatally wound Cameron and Osborne, and yet commentators on the left shy away from urging voters to take a shot at this open goal. It’s as though Britain’s liberals are scared of the chance to run the country. Goldman Sachs warn us that homebuilders and banks would be the worst affected if we chose to leave the EU[iv]. It’s hard to think of two sets of industries that have failed the British people more in recent years. The UK faces a housing crisis because the emphasis has been on serving vested interests by maintaining overly high property and land values rather than focusing on the need to house an expanding population. Banking is lauded in the media as an industry of huge importance to Britain but is there really much future growth to come from it? Banks’ main product is debt, which is something we in the developed world already have too much of.