What next after Brexit?

Flattr this!

A cliché—“Expect the Unexpected”—has hap­pened. As I not­ed in “The Divi­sive Brex­it Vote”, though I favoured Brex­it, I took the opin­ion polls at face val­ue, and expect­ed that Britain as a whole would vote to remain in the EU. Instead, in the largest elec­toral turnout in twen­ty years, the UK vot­ed 52:48 in favour of leav­ing the EU.

I’ll leave a post-mortem of the vote itself for lat­er; the main inter­est now is what will hap­pen because of it. Many pun­dits from the Cen­ter, Left and Right opposed Brex­it in the belief that eco­nom­ic Armaged­don for Britain and the globe would flow from it; we’ll now see how real­is­tic their fears were. I regard them as seri­ous­ly overblown, for a num­ber of rea­sons.

image006

Click here to read the rest of this post.

Bookmark the permalink.

About Steve Keen

I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.