Nonplussed

Cameron bets big on confused European ideas

Image
Edward Hadas
Last Updated : Feb 05 2013 | 9:04 PM IST

David Cameron is loyal to a European Union. Sadly, it is not the EU that happens to exist, or is likely to exist any time soon. The British prime minister tried to outline his position in a speech on Wednesday, which culminated with the promise of a UK referendum on membership some years from now. Yet, his dreaming is confused and counterproductive.

Cameron wants a “flexible union of free member states”. The freedom he seems most interested in focuses on the British ability to ignore European rules it dislikes. This decentralised dream may play well in the UK, has a higher proportion of strongly anti-EU voters than any of its European peers. But elsewhere in the EU, Cameron’s ideals will rouse little enthusiasm.

Voters across the EU may be — at best — nonplussed about much of the European project but they continue to elect leaders committed to an ever more encompassing union. That is the main lesson of the Euro zone crisis. Although many European politicians share Cameron’s worries about excess bureaucracy and inadequate democracy, few recognise his picture of a Britain that is a constructive force in Europe. This speech will only reinforce their scepticism.

The Cameron road-map seems to go like this. The UK watches and mostly moans as the rest of the EU moves closer to fiscal and financial union. Then, after he is re-elected prime minister in 2015, he persuades the EU to reverse course in several key domains. This triumph is followed by a resounding British vote in favour of membership in a referendum.

More likely is a long period of increasing British isolation from important political decisions, during which time the UK’s uncertain European future discourages investors and businesses. Meanwhile, many British voters look for candidates who endorse a Britain that cannot exist. It is fantasy to think that Britain can be economically self-sufficient and respected around the world.

American sociologist Albert Hirschman once explained that members of groups have a critical choice to make. They must choose between exercising their voice, trying to change things they do not like, and quitting. He points out that members should not wield the exit threat lightly, because it discredits their voice. Cameron seems not to have learnt this basic political lesson.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 24 2013 | 12:04 AM IST

Next Story