Britain’s Brexit vote marks a watershed for Ruminations. It delivered a robust confirmation of the conservetarian tenets posted and debated in these pages for the last ten years. And given the state of the EU and what is happening there, we can expect more to come. As I monitored last night’s election returns on the landmark referendum before turning in, a number of thoughts crossed my mind after posting the following update to ‘Ruminations – 21jun16’.
Today’s Brexit vote underscores in spades the RR teaching that mankind neither understands nor knows the transfer function of human societies in any of its undertakings. For the layman, a transfer function is fundamental to understanding how a system works, i.e. with what outputs it responds to inputs. Yesterday the markets were setting new highs in expectation that the Brits would reject Brexit – the Dow was up over 230 points, crude was significantly up as gold was down. This evening at this writing the Dow futures are down 600 points, crude is down 5.66%, gold is up 4.66%. And our double dufus divisions of central planners understand none of this as they continue to prescribe ever more one-size-fits-all national policies for America led by our fearless community organizer who has learned not one discernible thing about governance in his two terms in the White House.
Today we are witness to decades of socialism’s advance in the west, and capitalism’s advance in the east. We have seen the demise of one great religion in Europe and the resurgence of another one in its underbelly. The west has fought one form of collectivist repression to a standstill, and then refused to recognize the rise of a more virulent form that daily demonstrates its intent to continue the conquest of the world promised by its prophets a millennium ago.