The Day After: James Galbraith on Brexit

Radical Political Economy

James_Galbraith

By James Galbraith,

The groundwork for the Brexit debacle was laid last July when Europe crushed the last progressive pro-European government the EU is likely to see – the SYRIZA government elected in Greece in January 2015. Most Britons were not directly engaged with the Greek trauma. Many surely looked askance at the Greek leaders. But they must have noticed how Europe talked down to Greece, how it scolded its officials, how it dictated terms and how it made rebellious country into an example, so that no one else would ever be tempted to follow the same path.

If the destruction of Greece helped set the tone, Leave won by turning the British referendum into an ugly expression of English nativism, feeding on the frustrations of a deeply unequal nation, ironically divided by the very forces of reaction and austerity that will now come fully to power. The political effect…

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