On the Brexit Paradox

Predictably, Brexit is turning into an economic and political disaster for the UK.  Economically, it has led to uncertainty, a loss of investment, and reduced growth; politically, it is likely to result in the demise of the government sometime between now and the 2019 deadline, and could ultimately put Corbyn in Downing Street.

The paradox is that right-wing populist victories elsewhere in Europe are moving the EU away from “ever closer union” and back to a looser coalition of nation-states with different values and political systems.  When it is all said and done, Brexit may well prove to have been unnecessary as well as damaging.