Brexit Is A Mess—Lessons Learned
Money For the Rest of Us
J. David Stein
4.5 • 1.4K Ratings
🗓️ 23 January 2019
⏱️ 29 minutes
🧾️ Download transcript
Summary
#237 What can we learn from the difficulties the UK is having in negotiating an exit from the European Union. What happens next? Why there is always a conflict between globalization and national sovereignty. Thanks to LinkedIn, Blinkist and The Great Courses Plus for sponsoring the episode.
For show notes and more information on this episode click here.
- [0:32] Update on Brexit since the British Parliament Vote.
- [1:20] Basic Principles of Brexit.
- [3:58] The problem of the Irish border.
- [10:35] Debate over the withdrawal agreement leads to the current refusal of the deal.
- [12:49] Brexit Lesson One: long-held agreements are hard to break.
- [15:08] Brexit Lesson Two: choosing government sovereignty or globalization
- [22:08] Economic Unions will always be fraught with conflict.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Money for the rest of us. This is a personal finance show on money. How it works, how to invest it and how to live without worrying about it. |
| 0:10.0 | I'm your host David Stein. Today as episode 237. It's titled Lessons From Brexit. |
| 0:18.0 | Two and a half years ago June 2016, episode 113 of money for the rest of us, we talked about Brexit. |
| 0:25.2 | It was right before the vote. |
| 0:27.1 | We looked at the economics of immigration, and I haven't said much since then. A lot has happened. It's a great time to provide an update given the recent vote by the British Parliament rejecting the agreed-upon Brexit deal. |
| 0:47.5 | We're going to look at what happens next and what can we learn from this entire |
| 0:52.0 | experience. That vote What can we learn from this entire experience? |
| 0:54.3 | That vote in 2016, 52% of voters wanted to leave or voted to leave the European Union. 48% wanted to stay. It was |
| 1:07.8 | highly controversial, but that's what the people voted. So then it was sort of how to go about doing that. In October |
| 1:20.0 | 2016 British Prime Minister Theresa May laid down these red lines for Brexit. |
| 1:27.1 | Here is what she wanted to negotiate. |
| 1:30.3 | Here were the principals. |
| 1:32.0 | Leave the single market and the customs union, |
| 1:37.0 | that essentially the trade, the free trade area of the European Union, |
| 1:42.0 | and negotiate new agreements and the free movement of people, |
| 1:48.0 | the right of any member of the European Union to settle, live and work in the UK. |
| 1:56.8 | And the third was to escape the jurisdiction of the European courts, that European law would no longer apply to the UK. |
| 2:07.4 | This was going to be a radical break. |
| 2:10.7 | That was in October 2016. In March 2017, May invoked Article 50 of the European Union |
| 2:19.0 | Treaty and that set a to your deadline for Britain to leave, to negotiate some type of exit agreement, |
| 2:28.0 | but March 2019, just in a couple months, that's when the UK had to leave the European Union. |
| 2:40.0 | In November 2018, after 524 days of negotiation, Theresa May and the head of the 27 |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from J. David Stein, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of J. David Stein and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.