A cake is a lie.

Brexit a few hours after referendum. Leave campaign backpedaling on all their main claims. Suddenly! Come on… Well, obviously that was an outright lie. Pretty obvious lie, right? Right?.. But everybody believed. Screw economists, who needs them when we have “political homeopaths”? Rational arguments, research-based evidence? – “Nah…” Emotions and anecdotal evidence. – “Shut up and take our votes!”. Wow. I’m amazed at the small mindness of this.

Let’s look at the cake here. What’s it in Brexit for Britain? Long lost sovereignty reclaimed? £350m a week back to budget? Less bureaucracy? Control over the borders? Simple answer –

I don’t even know where to start. The contradictory nature of the Leave campaign itself. Immigration control on one hand and freeing Britain from European regulations to open global market. And guess what comes in bundle with opening global market? Right, opening borders – lowering friction as much as possible. Because there’s a CAP theorem of political-economics:

And this “£350m pounds a week” BS… Just a figure pulled out of someone’s butt. Those who believed that have their heads in the same butt and basic principles of market are not taught in there I guess. Simple digging reveals that apparently this figure is a lie even if we count only cash – it’s ~£9bn a year. But it’s cash. What about economic benefit of single market, and jobs it created? CBI reports it to be 4–5% of the GDP. This is £6 for every £1 UK puts into EU. And now they have to figure out how to get all those jobs and market shares back without the EU. How to do that? Open to global market. And borders of course. You can’t both implement strict immigration control rules and create jobs lost because of breakup with EU out of the thin air.

Those who panic are not doing any good, because the vote has been done. Ignoring or neverenduming the decision would be even more stupid than Brexit itself.

Those who say it’s okay or not a big deal either believe in myth of “Britain regaining its sovereignty” or just simply don’t care. Because Brexit have just screwed up a big deal and it’s time to deal with the consequences.

And sorry, no cake.