Pareto inefficiency

[timelets]

The problem with Breixit is that it creates no business opportunities, at best. Instead, it produces an uncertain process of redistributing power b/w British and EU bureaucrats. Given that EU's power over UK rules and regulations was already quite limited, Brexit's biggest impact would fall on the distribution of power among various groups of British bureaucrats. At the same time, British exporters will have to comply with EU rules anyway, including the possibility of increased tariffs. British importers will have to deal with the devalued pound. Labor costs in the UK are already higher than in Europe; it's hard to expect an increase in investments.

They should've tested the exit experiment on Greece first :)