In Jacobin Magazine this detailed examination, by Costas Lapavitsas, of the Brexit decision:
Why They Left
We in Canada would do well to read it for an appreciation of how Britain, a canary in our Western coal mine of corporate-led disenfranchisement of working people, has alienated all but the privileged as wages, health care and other social services disintegrate.
If the discontent that produced Brexit is recognized as a sign that revolutionary reforms to our global economic model are urgently needed, it may be the first step in a progressive movement.
If, alternatively, the powerful seize this crisis to preserve or fortify their oppressive corporate welfare state of affairs, it will become yet one more “shock” used by disaster capitalists to tighten their strangle hold on the rest of us. Naomi Klein’s The Shock Doctrine explains this brilliantly.
Chris Hedges discusses the possible financial fallout from Brexit. Caution: this article contains financial nudity…
This short article from Robert Parry is a very worthwhile read. I trust him on so many issues. He reflects here on the loss of trust produced by the realization that American leadership, like that in the EU, has resulted in policies that have not produced a system that respects, or works toward a secure future for, the average person. Wealth is increasingly funnelled upwards. Everyman has been betrayed. The outcome of the dangerous, but natural, human reaction to this is disquieting.
The piece’s final statement:
Right now, Clinton and the Democrats are carrying the banner of the Establishment, while Trump and his Republican insurgents fly the Jolly Roger. In a political year when the anti-establishment wave seems to be cresting, the Democrats may regret their choice of a legacy, status-quo candidate.