Brexit But the real problem behind all of this was not Europe, it was the combination of the effects of globalisation, wealth being taken offshore and massive tax avoidance practices like the double Irish and the effects of financialisation etc. — Punshhh
AKA neoliberal capitalism, but yes
:) There's a rather incredible video by - of all people - Maggie Thatcher, where she outlines, almost point by point, the problems a monetary union would cause: transfers of wealth from richer to poorer EU countries, extremist political parties, mass migration, institutional distrust and so on. It's uncannily prescient:
She does end up spouting Hayek's rubbish at the end there, but that's to be expected. I suppose that even having the exceptional status they did, the UK still could not brook the effects that spilled over from the continent, and put to use by the populists to screw the nation further.