Well I've watched it and I am very disappointed. It could have been significantly better. If you want to make a case against the EU, you can find better arguments easily. It's a video made for kids I think.
Anyway, and to keep it short:
- The favorite excuse of EU opponents is that they are victims of unelected bureaucrats, which isn't quite true.
EU MPs are elected, commissioners are designated by their respective nations. Speaking of democracy, Cameron is destroying freedoms at home at alarming speed (if you follows UK news you'll understand what I am talking about). The UK is more and more becoming a police state but he didn't start that trend (the culprit would be Blair I think). Is he trying to get more leeway to pass draconian laws ?
- The UK will have to negotiate an EFTA treaty like Switzerland, Norway but unlike the UK these countries are part of Schengen and already implement a huge portion of EU law and acquis communautaire, with a big difference: they don't get a say in the drafting of legislation. It's a strange idea of sovereignty when you have to implement legislation you didn't contribute to... euroskeptics are not telling that to the people.
People who mention Switzerland and Norway as examples of 'independent' nations within Europe absolutely have no idea of how Europe works, and how these countries actually function within Europe.
If you think the UK is going to get a better deal, think about it: everything has to be negotiated, and the UK doesn't have the upper hand by leaving...
- Now Cameron has a bigger issue on his hands: Scotland and Northern Ireland. He further shook the foundations of the UK and has played a very dangerous game.
- Huge monetary costs, employment lost, investment opportunities lost while the benefits are less than clear.
I could go on and on. There are no winners here, only losers. This is only going to reinforce nationalistic/fascist-leaning trends all across Europe. Who wins ?
I just can't see how the UK is going to be better run, more democratic and prosperous nation as a result. Ironically, it's hardly going to become more 'sovereign' than it is. I would rather say the opposite. To be sovereign, you have to be strong. When you are alone, you are weak. And even while leaving the EU, the UK is still subject to a plethora of super-national laws.
People are going to find out the hard way.