Tuesday, December 11, 2018

The Roots of Brexit

In their quest for the Conservative leadership, two rival Eton schoolboys have managed to take the United Kingdom out of the European Union—the first by calling for a referendum in 2013 in order to consolidate his hold over the leadership, and the second by joining the leadership of the...

The Neoliberal Prison: Brexit Hysteria and the Liberal Mind

The enraged liberal reaction to the Brexit vote is in full flood. The anger is pathological – and helps to shed light on why a majority of Britons voted for leaving the European Union, just as earlier a majority of Labour party members voted for Jeremy Corbyn as leader. A...

Why Brexit Might Not Happen at All

As I noted on Friday, Britain won’t be exiting the E.U. anytime soon. If and when the U.K. government invokes Article 50 of the Lisbon Treaty of 2007, which grants member states the right to leave, there will be at least two years of negotiations about the terms of Britain’s future relationship with Europe....

I do not believe that Brexit will happen

There will be howls of rage, but why should extremists on both sides dictate how the story ends? All good dramas involve the suspension of disbelief. So it was with Brexit. I went to bed at 4am on Friday depressed that Britain had voted to leave the EU. The following...

Angela Merkel Doesn’t Have a Brexit Plan, Either

Britain's departure from the EU has made Germany far more powerful than it should be. At Monday afternoon’s news conference in Berlin, German Chancellor Angela Merkel's body language was a notch less downcast than her post-Brexit vote appearance on Friday, when the dispassionate, even-keeled chancellor actually looked disheartened in a...

Brexit loophole? MPs must still vote in order for Britain to leave the EU,...

MPs will have to do their duty to vote according to conscience and vote for what's best for Britain. Parliament must still vote on a bill to allow the UK to leave the European Union, leading lawyers have said. Geoffrey Robertson QC, who founded the Doughty Street Chambers, said the act...

A Stunning Email About Brexit Vote As Elites Panic And Global Collapse Edges Closer

After the stunning Brexit vote to “Leave” the EU followed by turmoil in world markets, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned the elites are now panicking as global collapse edges closer. But first, the powerful...

After Brexit Vote, Europe’s Leaders Debate Timing of U.K.’s Departure

Officials in Brussels and Berlin suggest giving Britain a chance to reconsider its decision to quit the EU. Pressure abated on the U.K. to serve swift notice of its intention to leave the European Union after last week’s referendum, as senior European policy makers suggested Britain should be allowed time...

Brexit Is Only the Latest Proof of the Insularity and Failure of Western Establishment...

The decision by U.K. voters to leave the EU is such a glaring repudiation of the wisdom and relevance of elite political and media institutions that — for once — their failures have become a prominent part of the storyline. Media reaction to the Brexit vote falls into two general categories: (1) earnest, candid attempts...

European Union’s Imperial Overreach

While few analysts are putting it this way, the European Union suffers from a self-inflicted crisis of overexpansion — a form of “imperial overstretch,” if you will. The Brexit vote was just the latest symptom of this policy disaster, which also includes escalating confrontations with Russia and the ongoing...

Brexit wipes $2tn off markets as Moody’s lowers UK credit rating outlook

Amid concerns that the EU referendum result risks sparking fresh financial crisis, Bank of England governor says it is ready to do whatever is needed. The ratings agency Moody's has lowered the outlook for the UK's credit rating from stable to negative amid what it said would prove a prolonged...

David Cameron’s Austerity Bomb Finally Went Off

After years of failed economic policy, the British public was ready to lash out. Yes, I’m the guy who said the European Union would disintegrate, but I didn’t think it would happen so quickly. And I didn’t imagine that we would have the ill-timed economic policies of David Cameron’s Conservative...

Political Elites’ Program of Austerity Set the Stage for Brexit

Scapegoating immigrants for economic suffering is easier than confronting the politicians that crafted austerity policy. At 4 am, following the UK referendum on EU membership, Nigel Farage, the leader of the Eurosceptic UK Independence Party, gave a tentative victory speech. Bullish and beaming, but couching his cheer in caveats that...

Alan Greenspan says British break from EU is just the tip of the iceberg

Former Fed Chairman Alan Greenspan told CNBC on Friday the U.K. vote to leave the European Union ushers in a period that's even worse than the darkest days of October 1987. Britons voted by 51.9 percent to quit the 28-country union, shocking markets that had priced in a win for...

Fear of immigration drove the leave victory – not immigration itself

Victory for leave came despite fact that those who experienced highest levels of migration were least anxious about it. David Cameron’s failure to give a convincing response to the publication of near-record net migration figures in the first week of the EU referendum campaign has proved to be its decisive...
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How Western Military Interventions Shaped the Brexit Vote

Michael Hudson argues that military interventions in the Middle East created refugee streams to Europe that were in turn used by the anti-immigrant right to stir up xenophobia. Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of The...

Brexit is a fake revolt – working-class culture is being hijacked to help the...

Leaving the EU won’t guarantee a rise in wages, a cap on rents, or a fall in NHS waiting times and class sizes. The only thing it guarantees is more right-wing Tory control. I love fake revolts of the underclass: I’m a veteran of them. At secondary school, we had...

Raoul Pal: The Brexit vote is about so much more than Britain leaving the...

Former global macro fund manager Raoul Pal says no matter how the Brexit vote goes it could have really bad unintended consequences for the rest of Europe. Closely-followed former global macro fund manager Raoul Pal says the United Kingdom's European Union referendum — no matter how the "Brexit" vote goes...

The progressive argument for leaving the EU is not being heard

Europe has been moving in a direction that right-wing Conservatives would tend to support. It is now nearly nine years since the problems of three hedge funds heralded the arrival of global financial and economic chaos. Britain’s EU referendum this week is the latest manifestation of that crisis. That is not...

Fukushima rice set to make first EU foray with debut in Britain

Fukushima-harvested rice will hit the stores in Britain in July, which might make it the first member of the EU to import the grain, following a sustained effort by a group of Fukushima natives in London fighting rumors about the safety of the crop. It is also the third nation,...
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French President Threatens to Outlaw Protests Against Labor Reforms

Le Monde Diplomatique's Renaud Lambert says social movement and the government are locking horns, Prime Minister Manuel Valls and President Francois Hollande have both said that they will not budge. SHARMINI PERIES, EXEC. PRODUCER, TRNN: It's The Real News Network. I'm Sharmini Peries, coming to you from Baltimore. France is making...

Brexit is the only way the working class can change anything

Working-class people are sick of being called ignorant or racist because of their valid concerns. The EU referendum has given them a chance to have their say. I have lived in working-class communities all my life, and now that I research and write about those communities as a working-class academic,...

Now Poland’s Government Is Coming After the Internet

Warsaw is tightening control over the Web in the name of national security — and setting an ominous precedent for other democracies. “Yesterday, you were defending thieves; today, you’re defending terrorists.” With these words, uttered early this morning, the leader of Poland’s ruling conservative party silenced the parliamentary opposition. Not...

Should America Care Whether Britain Stays in the EU?

In less than two weeks, British voters will determine the future of not just their nation, but of the European Union. Having just spent a couple weeks in Britain myself, the looming June 23 referendum on EU membership was inescapable, with signs and leaflets everywhere, and just about every conversation coming...

UNHCR: More Than 10,000 Died Trying To Cross Mediterranean Since 2014

The United Nations refugee agency says more than 10,000 people have died trying to cross the Mediterranean Sea to get into the European Union since 2014. The UNHCR's report on June 7 came as the European Union unveiled new plans to try to slow down the flow of illegal migrants...

If the Refugee Deal Crumbles, There Will Be Hell to Pay

It won’t just be the millions of refugees that will suffer. Liberal European democracy may be the ultimate casualty. A strange thing happened in the Aegean Sea last month: No refugees drowned. This modest piece of good news was, however, overwhelmed by the calamity in the Mediterranean, where 1,083 refugees...

France in Chaos: Biggest and longest protests & riots since French Revolution

As the country prepares to host two million visitors at the showpiece Euro 2016 Football Championship in less than two weeks, labor strikes at oil refineries and nuclear power plants; fuel shortages paralyzing aviation and public transport system; violent street protests; nationwide riots; and a state of emergency until...

World’s longest rail tunnel to open in Switzerland under Alps

EU heads to take 57km maiden voyage in €11bn Gotthard base tunnel on Wednesday. Measuring 57 km in length, situated 2.3km deep under the Alps and having cost €11bn to complete, Switzerland’s Gotthard base tunnel is more than just the world’s longest and most expensive tunnelling project. At a time of...

Tech Giants Vow to Tackle Online Hate Speech Within 24 Hours

U.S. Internet giants Facebook Inc., Twitter Inc., Google and Microsoft Corp. pledged to tackle online hate speech in less than 24 hours as part of a joint commitment with the European Union to combat the use of social media by terrorists. Beyond national laws that criminalize hate speech, there is...

RSF condemns French police violence against journalists at protests

Reporters Without Borders (RSF) is very concerned about a surge in unlawful police violence against journalists covering protests against the government’s labour reform law and calls on France's highest authorities to put a stop to the attacks. Some journalists say wearing a press armband turns them into a target of...

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