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Published On: Thu, Jan 24th, 2013

Is PM David Cameron Britain’s version of John Galt?

You can hear the wailing and gnashing of teeth from the capitals of Europe across the pond, and from the White House as well. The Prime Minister of Great Britain, David Cameron, promises to hold a referendum in the near future to allow the British people to make the decision on whether to stay in the European Union. Imagine that, allowing the public to decide. How un-socialist of him.

britain and europeA majority in the United Kingdom has been uncomfortable for years with the events unfolding in Brussels. Skeptics from the beginning, the U.K. has been correct in assessing the probable outcome of the ever closer union experiment. As I say to my liberal friends — look at the results, not the good intentions.

Close to 70 percent of the laws in the U.K. now come from Brussels. The bureaucracy is bloated and ineffective. Illegal immigrants have poured into Britain, straining its safety net. Power in Brussels is concentrated among unelected, unaccountable bureaucrats (sound familiar?).  The working hours of physicians in British hospitals are now decided on the continent rather than by British medical personnel. The E.U. labor rules are inefficient and will get worse.

Socialism doesn’t work.

Being part of the free trade bloc of the E.U. has been beneficial to Britain. However, the British people do not feel like they have to give up their sovereignty to a big government nightmare regime in order to obtain this preferred trading status among its members. It’s the same state’s rights argument we have had for years in America. There is even talk in London about joining NAFTA.

Of course, the progressive governments of Europe are angry that Cameron is allowing the British people to make their own choice. They feel they can make better decisions than the British people since they are so “enlightened.” Again, sound familiar?

L. Todd Wood is a contributor to The Brenner Brief. Twitter: @LToddWood

L. Todd Wood is a contributor to The Brenner Brief. Twitter: @LToddWood

It is breathtakingly clear that the British made the right choice in not becoming part of the common currency experiment. The Pound Sterling has remained strong since the financial crisis. Why should they give more power to the people who brought us that disaster? The Euro will not exist in its current form a decade from now. Why would you want to stay on that sinking ship? Get out now before it’s harder to get out later. Free trade can be obtained without selling your soul.

The French say that if Britain wants to leave, they will roll out the red carpet for them on the way out.

If I were British, I would say, “I’ve always wanted to walk on one of those.”

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About the Author

- L. Todd Wood graduated from U.S. Air Force Academy in 1986 and chose helicopter flight training. An assignment to the 20th Special Operations Squadron flying MH-53J Pave Low helicopters saw him deployed globally in support of counter terrorism. His customers included SEAL Team 6 and Delta Force under control of the National Command Authority. In 1994, he left the Air Force as a Captain and joined an investment bank which eventually brought him to Wall Street trading emerging market debt. He has conducted business in over forty countries. His novel, " Currency", was published in December of 2011. Although historical fiction, it jumps to the future to deal with the national debt and its security implications. " Currency" has been endorsed by the Hon. David M. Walker, former Comptroller General of the U.S. The book has received national press and extraordinary reviews.

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L. Todd Wood

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L. Todd Wood graduated from U.S. Air Force Academy in 1986 and chose helicopter flight training. An assignment to the 20th Special Operations Squadron flying MH-53J Pave Low helicopters saw him deployed globally in support of counter terrorism. ... Read the full profile...