The famous shot heard “’round the world” this time came from the other side of the Atlantic, but its longtime impact could be equally profound. By voting to leave the European Union and its intrusive bureaucracy, the British people have also risen up against a regime of crony capitalism that has encumbered and perverted democracy across the entire Western world.
The implications, of course, are greatest for Britain and Europe, but they will affect politics here in North America. The Brexit raises to first priority the more general debate about the trajectory of global capitalism which, for all its many accomplishments, has grown to resemble, in its haughtiness and inbreeding, the very statist despotisms that it was supposed to overturn. read more »