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The question and many of the answers are based on an assumption - that the decision for Britain to leave the EC was a mistake.The question is “Isn’t the Brexit proof that (direct) democracy may not produce the best decisions?”If in the long term, it turns out that Brexit was the right decision, then the question does not arise at all.If Brexit turns out to be the right decision (in the long term), then direct democracy has not failed.So it is a question of whether Brexit will turn out to be the right decision. It would be myopic to start criticising the effectiveness of direct democracy now and hit out at the ‘uninformed’ masses who voted to “Leave”.Let’s ignore the short-term reactions of Brexit such as the pound and stock markets plunging. Let’s have a look at the long-term consequences of Brexit.First, let’s look at how much UK paid to be a member of the EU club.How much does Britain pay to the EU?In 2015, the UK’s full membership fee would have been £17.8 billion. However, Britain doesn’t pay that full fee.Because of a deal negotiated by Margaret Thatcher in 1984, Britain gets a “rebate”, an annual reduction in contributions.Last year, that rebate reduced our contribution to £12.9 billion. That’s around £200 for every person in the UK.For context, that is more than the annual budget of the Home Office, which spends about £9 billion a year. It’s around a tenth of the budget for the NHS in England. It’s also enough to reduce the basic rate of income tax by 3p in the pound.How much is that a day?£12.9 billion is around £35 million a day.Source: EU Facts: how much does Britain pay to the EU budget?This alone is savings of £35 million a day for the UK government which can be used for other more productive things. UK has always paid more to EU than it got back.In the next 10 years, UK would have saved £129 billion. In other words, it will have £129 billion to invest elsewhere in the nation.Immigration from EU nations was one of the main issues behind Brexit.The total net migration figures further illustrate that the last 18 years have seen unprecedented and literally out of control immigration that resulted in a net 3.7 million net migrants, (total of 9.8 million) taking up residency in the UK which compares against just 308k during the preceding 18 years (1980 - 1997). Or at TEN TIMES the previous rate. So has Britain had an immigration crisis during the past 18 years ? The answer most definitely is YES! And what's worse is that the last figure in this series for 2015 is showing net migration accelerating to a new extreme level of 323k which implies that if urgent action is not taken then the UK could look forward to far higher net migration over the next decade, i.e. to at least DOUBLE the average rate of the past 18 years of 206k.Source: EU Referendum - Britain's Immigration / Migrant Crisis ExplainedThe latest ONS data release continues to show an ACCELERATION in the rate of immigration into Britain with net migration of +333k in the year to December 2015 added to Britain's population, an INCREASE of 20k on the preceding year which illustrates that immigration is STILL ACCELERATING. Which literally translates into a DAILY flood of near 1000 people turning up on Britain's shores and demanding housing, education, school places, jobs and benefits such as tax credits, housing and child benefits, health & social services that have been buckling and breaking as illustrated by social housing that in most cities has been in a state of total paralysis for many years now.The impact of out of control immigration is all persuasive from jobs, to housing to health. For instance call your local NHS dentist up for an appointment after a while and they will likely tell you that you are no longer registered even though your last visit was less than 2 years ago! As since without any knowledge of registered patients the Dental practice has CHANGED its registered patients rule from 2 years to 15 months ultimately down to 12 months. Which effectively means that an increasing number of British people are no longer able to see ANY NHS dentist! As they are no longer taking new patients. This is just ONE REAL WORLD example of the consequences of out of control immigration.Why People are Migrating to the UKContrary to press stories of civil wars, most of the migration (90%) into the UK has been purely economic that includes to study, many of whom turn out to be bogus students who instead are here to work illegally and for permanent settlement.Which illustrates the fact that approx 60% of all new jobs created have gone to migrant workers, most of whom will be claiming in work benefits such as tax credits that amounts to fraud on the British tax payers, which typically means that for every pound a low income migrant family earns in income then they tend to receive an equal or greater amount in benefits as the following example illustrates:Family of 6, with both parents working for minimum wage, each earning £8k per annum.So a family of six with BOTH parents working will receive approx £22k in benefits ON TOP of their £16k earnings, for a total income of £38k. However on top of this would be in receipt of services of at least £25k per annum i.e. £5k per school place and £5k healthcare costs. THIS illustrates the magnitude of what to all intents and purposes is FRAUD perpetrated on British tax payers as most migrant workers tend to take FAR MORE in benefits than they actually receive in wages whilst paying virtually NO taxes.Whilst a 3 child family would receive approx £18.5k in in work benefits and a 2 child family £15k which makes a mockery of the claims of hard working migrant families contributing more than they take which is JUST NOT TRUE! And this does not include benefits taken by non working migrant families that are capped at £20k per annum (outside London).UK Housing Crisis ConsequencesIn terms of the impact of out of control EU immigration on the housing market, Channel 4's series 'How to Get a Council House' has done an excellent job of demonstrating the real world impact on the housing crisis, of how the mass migration statistics translate into real world examples of what is taking place right across Britain.The latest episode to air which is still available online for another 25 days once more demonstrates how out of control EU migration is having a disastrous impact on Britain's housing market. For instance a Romanian family of 7 ( 2 adults and 5 children) is shown arriving into the UK at Hounslow's housing department demanding that they be housed, and after tooing and froing for a couple of weeks for the cameras, are thenwithin 2 weeks housed in a 4 bedroom house in Birmingham at a cost to the tax payer of £750 per month! And in total will likely be in receipt of over £60k in benefits per year! (includes £25k cost for schooling 5 children).Source: EU Referendum - Britain's Immigration / Migrant Crisis ExplainedThe impact of immigration of people from Poland, Romania, Czech Republic, Bulgaria and other countries have affected the British who were born and raised in the UK in terms of housing, health care, employment, etc. The British have been paying taxes to support the immigrants.This is something that the so-called ‘uninformed’ masses know very well simply because they encounter these issues every day.With less strain on the finances of the UK government in terms of free or subsidised healthcare, housing and welfare payments to immigrants and more jobs available for the British people, the economy of the nation should do well in the long term.As to loss of trade with the eurozone and the possibility of London losing its role as a leading international financial centre, there are some certainties and some uncertainties.Certainly, there will still be trading activities between UK and Europe. The only difference would be quotas, import taxes and preferential treatment (if any) involved. UK will still trade with the US, China, Japan, Australia, Singapore, Malaysia and other countries. As to whether any major bank will leave London and domicle in Scotland (should Scotland declare independence) or Paris, it is impossible to say at this stage.In the long term, if the economy of the UK improves, the well-being of the people improves and the happiness index of the nation improves, then Brexit would be considered a good, a right decision.Then this question would be a non-issue.