Originally Posted by
Phrank
One aspect we have to remember for those of us not in Europe.
We have control of our borders, we have control of our financial policy, our trade agreements, everything that happens in our respective countries our governments that we elect control.
The UK has now decided, essentially, to return to a state we all currently experience - they have ditched the layer of control/government exerted by Brussels and the EU over virtually every aspect of the governance.
Can we imagine in Canada or the USA, having an unelected governance body dictating the "what and when's" of virtually every aspect of our society? Of course not. So perspective is important, the UK has simply returned to the state that most sovereign nations currently enjoy.
Additionally, it seems that British voters have concluded that modern capitalism, at least in the neoliberal form that's dominated over the past few decades, is a dud. It's created more wealth for the already wealthy - often fabulously so - but few of the "trickle-down" benefits that were promised. In fact, wide swathes of ordinary people in Western countries have experienced stagnating and declining living standards. It's too easy to blame this on anti-immigrant xenophobia, particularly when evidence suggests that mass immigration does work to undermine wages, as if offshoring isn't doing enough of this. In a democracy, you can't set up an economic system that works against the interests of a large proportion of the population without eventually facing a backlash. The Western corporate elites and their political enablers broke the economic system that once provided broadly high living standards. Now they'll have to fix it or face more Brexit-like movements in the future.