OP-ED: Britain’s slow suicide as the Brexit Euro-chickens come home to roost

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OP-ED: Britain’s slow suicide as the Brexit Euro-chickens come home to roost By John Rapley

Select, behead, repeat. That’s now the playbook of Britain’s governing Conservative Party, as they cycle through one sacrificial lamb after another to immolate on the altar of Brexit. What a strange turn of events. This is, after all, the country whose self-conceit was to run stable, pragmatic governments while others lost their heads around it. Instead, today, as one American journalist put it, Britain resembles a banana republic.

Even if most people first experienced relative decline only after the 2008 financial crisis, it started decades ago. In retrospect, it was inevitable. Essentially, the West got too rich. For two centuries, the global economy had been heavily tilted in its favour, with the net flow of resources working their way back into the economies of the Western world.

Come the turn of the millennium, therefore, for the first time in two centuries, the net flow of global capital stopped heading towards the core of the global economy, and began going to the periphery. Average annual growth rates in the developing world now surpass those of the developed countries by some margin. The West has not stopped growing. But like an ageing runner facing a youthful challenger, the huge lead it started out with is being closed.

The problem was, for those people who’d come of age in rich, monochromatic societies, this wasn’t what they’d bargained for. They wanted to both eat and have their cake, the cake being a society which looked and functioned as it always had, without all these dark-skinned newcomers. And there were always politicians only too happy to sell them that very product – the ways of the past but the incomes of the future.

By then, the British establishment had largely resigned itself to the loss of its empire and had turned its gaze eastwards, to Europe. In 1973, Britain joined what would later become the European Union. For men like Farage, this was the great betrayal. To them, Britain had turned itself from overlord of the world to a secondary partner in a union.

When Theresa May took over from the ill-fated Cameron as prime minister, she could have enumerated those devils. She could have pointed to the slender majority for Brexit, the lack of consensus on what it meant, and thus proposed a compromise that tried to give everyone a little bit of the pie. But she was not that kind of a leader. Rather, she took Farage’s bait and said “Brexit means Brexit.’ She also perpetuated the false claim made by Boris Johnson that Brexit would be all gain, no pain.

 

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