On Brexit

With so much noise about Brexit and the stocks markets falling, there is little clarity on what does Brexit imply for people in the UK and outside. Most people are wondering on why is the market reaction so huge? Today’s needull looks at why Brexit happened from a sociological perspective.

Thatcher and Reagan rode to power by promising a brighter future, which never quite materialized other than for a minority with access to elite education and capital assets. The contemporary populist promise to make Britain or American ‘great again’ is not made in the same way. It is not a pledge or a policy platform; it’s not to be measured in terms of results. When made by the likes of Boris Johnson, it’s not even clear if it’s meant seriously or not. It’s more an offer of a collective real-time hallucination, that can be indulged in like a video game.

The complete article

Political Economy Research Centre