Great Britain voted to leave the European Union, 52%-48%. Prime Minister David Cameron, who led the “Remain” effort despite bitter opposition in his party, has resigned. He said that the formal exit would have to be worked out by the new leadership, which may take several months. Meanwhile, the pound has collapsed. Global markets are plunging.
Questions now that remain to be seen:
- Will other countries likewise leave the EU? Does the departure of one of its most important members mean the end of the European Union?
- Does this herald the end of globalism and the end of multi-culturalism?
- Does this mean Donald Trump, whose issues–anti-immigration, nationalism, economic protectionism–are similar to those of the “Leave” faction, is riding the wave of history?
What others come to mind? What do you think will happen? Please weigh in with your comments. [Read more…]