by James Kirchick Political parties are by their nature coalitions. Various constituencies, sometimes socially and ideologically disparate, put aside their differences and join together in the pursuit of political power. It was a diverse group of African-Americans, urban “white ethnic” party machines, labor unions, Jews, intellectuals, and poor Southern farmers which comprised Franklin Delano Roosevelt’s […]
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Labour’s Pains and the Future of British Politics
Now, What Does Brexit Mean for U.S.?
Uncertainty.
That is what we are left with following Britain’s vote Thursday to leave the European Union.
Financial markets hate uncertainty. So, the precipitous drop in stock markets worldwide should not come as a surprise. Yet it is staggering to see the vote’s outcome resulting in two trillion dollars of lost equity. So far.
Britain voted for the uncertainty of change. The status quo was not working for them. Similar political sentiments are echoed in the United States, personified by the success, so far, of Donald Trump’s presidential campaign.
The change Britain voted for will likely bring on other change. Expect Scotland and Northern Ireland to look for ways to stay in the E.U., which may mean leaving the United Kingdom.
Richard Haass, president of the Council on Foreign Relations, questions whether voters understood the consequences. That sentiment seems to be borne out in the British blogosphere, where Google Trends says there was a 250-percent spike in searches for “What happens if we leave the EU?”
Result: uncertain.
Remain or Leave: Brexit’s Impact on U.S.
“Remain” or “Leave.”
That is the choice for British voters Thursday in a referendum on the European Union.
Ripples from vote’s impact will be felt for years to come. If Britain pulls out, trade and financial agreements will have to be rewritten. Social compacts will be revisited. If Britain stays in, the restiveness will not abate. Irritation about being subjected to policies from Brussels will only grow. Thursday’s murder of Jo Cox, a pro-“remain” member of parliament, put a quiver in the British stiff upper lip.
Two months ago in London, President Barack Obama said the U.K. “is at its best when it’s helping to lead a strong Europe.”
Many of the themes and positions of the Brexit campaign echoes in the U.S. presidential election campaign: immigration, border security, trade, manufacturing jobs, “Britain First.”
Betting odds shifted over the weekend from “Leave” to “Remain.” But most experts still say the vote is too close to predict.
Brexit? Look at Who Supports Each Side
by James Kirchick Sometimes, when judging the merits of opposing arguments in a contentious debate, one can decipher the more just position merely by surveying the contestants on either side. The issue of whether or not the United Kingdom should remain within the European Union – which British voters will decide in a June referendum […]