| >The strength of the city lies not solely as it relates to the EU, but because it is the capitol Not quite true. London is the capital of England, not the capitol. A capitol is a building, not a city. Anyway, typos aside, you're still wrong. The reason London is as successful as it is is because it's a financial hub, which it got to be by being part of the EU. There really isn't much else going on there; England is not a huge industrial producer any more like it was decades ago. Banks are going to pull out and move to other EU nations, and the local economy is going to implode. >and yes they will lose a lot of financial industry business but London will continue to exist, and prosper. Doing what, exactly? That financial industry business you handwave away is what makes the city successful in the first place. >Immigration is not the sole contributor to economic growth or innovation. It's not just immigration which makes London successful, it's its membership in the EU and access to the common market. That all goes away with Brexit. England will be about as relevant and economically prosperous as Russia. Well, strike that; Russia actually has natural resources, while England has none. So it'll probably be more like Egypt. |