Monday, June 27, 2016

More on Brexit.

NY Times coverage of the Brexit is spun from the neoliberal perspective: how to put Humpty Dumpty together again so that transnational plunder by banks and corporations can continue business as usual. The stress in this reporting is on how racist, crazed, and xenophobic the rationale for leaving the EU was.

But the truth is that neoliberal institutions from the Democratic Party to the EU are feeling push back from hundreds of millions of people all over the world who have had it with a predatory ruling class that tells itself the theories it concocts to excuse enslaving the human race to an economic system that creates opulence in the extreme for a tiny minority and treats the rest of humanity -- and the Earth -- like dirt make perfect sense.

Brexit is a symptom of a larger revolt, the Western Summer, when Western populations that prospered on the backs of people exploited mercilessly in previously colonized countries in the global south woke up to the fact they were soon going to be adrift in the same boat with corporate globalization's "losers."

The EU's brutal treatment of Greece will in the end be the furthest extent that neoliberal hubris was able to achieve. The right way to think about this moment is how to structure global trade so it benefits humanity as a whole not how to keep the game of toxic commerce going.

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