by Richard Larsen
Financial Sense
Bigger is rarely better. Especially when it comes to governance. The “bigger” government is, the more detached from the governed it becomes; the more onerous its regulations and taxes become, and it becomes more susceptible to the ideologically motivated cause célèbre of the ruling elite. We have seen that verity over the past several years in America, and apparently the United Kingdom (UK) has come to the same conclusion.
Two weeks ago UK citizens voted by a narrow majority to withdraw from the European Union (EU), the amalgam of 28 nation states who joined the collective 23 years ago. The EU was to provide member nations more clout and influence by being part of the politico-economic entity that comprised the 2nd largest economy in the world, based on gross domestic product (GDP).