Thursday , October 18 2018
Home / Yanis Varoufakis: Thoughts for the Post-2008 World / The terrible prophesies of Brexit – op-ed in literary magazine FIVE DIALS

The terrible prophesies of Brexit – op-ed in literary magazine FIVE DIALS

Summary:
Brexit rode to victory on the coat-tails of a type of discontent whose power sprang from its insuperable reluctance to specify its nature. Seemingly focused on a foreign power centre that British voters saw (with some justification) as the usurper of their democratic rights, its real focal point was nebulous and imprecise enough to encompass a potent mix of grievances. The unifying force behind the variety of real grievances motivating the Leavers was the shared feeling, particularly in England, of a people who had been treated for too long like livestock that had lost its market value. With every Treasury or Bank of England prognosis of Brexit’s disastrous impact on GDP, the pound, share prices, etc., many

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