On the Record | As Independence Nears, Matt Ridley Emerges as Brexit Sage

Please see my January 20^th wire as Brexit diarist for The New York Sun, ‘As Independence Nears, Matt Ridley Emerges as Brexit Sage’:

The year 2020 is but just begun and already the new decade is heralded as the “Roaring Twenties.” Such euphoria exemplifies the mood in the United Kingdom as the country prepares to exit, come the end of January, the European Union. Legislation setting out the Government’s “Withdrawal Agreement” finally passed the House of Commons a fortnight ago; little “effective” opposition is expected in the Lords.

Next comes a twelvemonth transition period to negotiate a UK-EU trade deal. Brexit anticipation lies partly in “taking back” responsibilities that now rest between the two jurisdictions, on issues such as borders, legislative authority, and economic control — as in tax policy and regulatory oversight. There is palpable excitement, too, over the future potential of Britain’s re-emergence as an independent player in global trade.

Not to say that the UK has been absent from the field as a member of the European Union. Membership, however, has entailed certain restrictions on just how innovative Britain could be in respect of other member-states, with “alignment” being a key requisite.

So as Britain prepares to rejoin the global competitive market, Matt Ridley’s new pamphlet “How Many Light Bulbs Does It Take to Change the World?” is a welcome boost for Brexiteers. Mr. Ridley, author of the best-selling “The Rational Optimist,” is also a Conservative hereditary peer. This pamphlet is based on his 2018 Hayek Memorial Lecture for the Institute of Economic Affairs, based in London.

Mr. Ridley’s purpose is to defend innovation — what he calls a composite of invention, development, and commercialization — from barriers to economic growth: be they government regulations, international “restrictive” trade agreements, or “crony capitalist” rent-seekers threatened by competition. “Hostility to innovation in the European Commission and Parliament,” he asserts, “is the biggest reason I voted Leave in 2016.”

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My thanks to editor Seth Lipsky of The New York Sun.