power money: Therefore, the referendum did not resolve issues but unleashed the deepest British political crisis since World War II. British Prime Minister Theresa May's defeat in Parliament on her proposed EU agreement was the largest government defeat in a vote since the 19th century, and possibly the biggest in British history, according to Global Times China. It is crucial for China to understand that the first forces active in the Brexit crisis are international - as failure to realize this led to misunderstanding in China. Britain will leave the EU. However, critical issues in the West, as in other societies, are not decided by formal democratic processes but by power and money and the clash of powerful social forces. An argument sometimes heard in China is that if Britain leaves the EU it will become economically weaker, therefore it needs more Chinese investment, and will become friendlier with China. The reason for this is that Britain is a large economy by most standards - the world's fifth largest at current exchange rates, and the ninth largest measured in purchasing power parities PPPs - but it is geographically wedged between the world's two largest economic units the US and EU. Britain's economy is far too small to pursue a path independent of these two huge blocs and must, therefore, be subordinate to one or the other or both. This is radically wrong - the more Britain leaves the EU the weaker it will become economically, but the more it will become hostile to China.
(news.financializer.com). As
reported in the news.
Tagged under power money, brexit crisis topics.