The ‘Brexit’ deal: a bad omen

The intriguing ‘Brexit’ debate has been on my mind for a while. Now that Cameron has finally struck a deal with his European partners, I can make up the balance: the UK has not only distanced itself from the EU, it has also reintroduced a destructive political tool.

We’ve all heard what the Brits want in terms of European policy reform. Some of the demands are quite sensible, like the limitation of child benefits for workers coming from within the EU (mostly from Eastern Europe). Others, such as the removal of the notion “ever closer union”, is merely symbolic. Most of all, Cameron’s primary concern is pleasing the eurosceptics in his Conservative party, thereby strengthening his own position during his second term in office.

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Caveat emptor

In my previous post, where I introduced the raison d’être of this blog, I already mentioned briefly the issue of moral misconduct in the financial sector. Now since this is one of my “favourite” topics, I’d like to dedicate my first real post to one particular aspect of it: the principle of caveat emptor.

Taken literally, it means ‘buyer beware’. It is a common and widely accepted legal principle, practiced throughout the financial sector to indicate that clients and consumers are ultimately responsible for what they buy. So if either a senior trader at Citigroup or a certain John Layman from Uppsala municipality would decide to acquire a set of stocks or a mortgage, both should know whether it’s a good deal.

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Introducing VirtualVolition

Welcome to my newly created personal blog VirtualVolition. I’ve been thinking for quite a while about launching a blog where I could share my many (sometimes too many) thoughts on issues that interest me. Most of these issues are related to economics, philosophy, politics and entrepreneurship, but include more down-to-earth topics as well. Normally I do not think highly of new year’s resolutions, but I had to actually pick a moment to make this idea happen. I already go to the gym and I don’t smoke, so what else is left to start the new year fresh? Right, a blog. Thus, for the occasion I chose 2016.

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