Wednesday, October 09, 2019

Brexit Is a Necessary Crisis – It Reveals Britain’s True Place in the World


THE GUARDIAN: A determined ignorance of the dynamics of global capitalism is bringing about a long-overdue audit of British realities

Who backs Brexit? Agriculture is against it; industry is against it; services are against it. None of them, needless to say, support a no-deal Brexit. Yet the Conservative party, which favoured European union for economic reasons over many decades, has become not only Eurosceptic – it is set on a course regarded by every reputable capitalist state and the great majority of capitalist enterprises as deeply foolish.

If any prime minister in the past had shown such a determined ignorance of the dynamics of global capitalism, the massed ranks of British capital would have stepped in to force a change of direction. Yet today, while the CBI and the Financial Times call for the softest possible Brexit, the Tory party is no longer listening. » | David Edgerton | Wednesday, October 9, 2019