Ultimately, the economic claims made by Remain were unconvincing because those in power made them so.
Participants in a pro-EU, anti-Brexit march pass through Piccadilly in London on July 23, 2016.Wikicommons/Katy Blackwood. Some rights reserved.Is the future of EU nationals in the UK really in jeopardy?
Both left and right populism are based on a low opinion of public intelligence (an assumption, incidentally, shared with neoliberalism). What is needed is an ‘intelligent populism’.
Donald Trump with supporters. Flickr/Gage Skidmore. Some rights reserved.Neoliberalism channels vast wealth upwards, in turn supplying the financial, social and cultural capital necessary to maintain power despite enormous global economic, social and environmental instability. The 2008 financial crisis, the biggest since the 1920s, did not bring neoliberalism to its knees, it in fact strengthened its resolve. Banks in the UK and US demanded to be bailed out by the government and the ‘austerity’ agenda spread across Europe. After a period of stunned disbelief, the establishment convinced the public that it was in fact the excesses of social democracy that caused the public debt incurred as a result of this bailout.