The narrow victory, which caught the prognosticators by surprise, is the strongest sign yet that working people across the continent are awakening to economic and political disaster that has been created in the name of European integration. Not only has the EU failed to live up to its promise of lifting all boats and widening prosperity, it has also transformed the region into a low-growth, high unemployment charnel house where bankers and their corporate allies siphon off the wealth of the weaker states to enrich high-flying speculators and voracious bondholders.
And while the referendum’s outcome will surely be challenged in the months to come, it represents a critical turning point in the public’s attitude towards a thoroughly reactionary and odious institution that is solely responsible for the abysmal state of the economy, the progressive erosion of living standards, and steady rise of right wing extremism. Raul Meijer explains what Brexit really means:
