Today we woke up to a different world, a world that will not resemble what we have grown up with, and that may usher in more inequity and violence than we could ever imagine. Yesterday, the people of Great Britian voted to leave the European Union. Now to many Americans that may not seem like a big deal, but it is, the unintended consequences of a vote based on very real grievances will most likely beget unimaginable conflicts and turmoil that will effect the entire world. I do not say that lightly.
Total major economic markets crashed on the news of Brexit, the British Pound Sterling collapsed, and if it were not for the intervention of major banking and currency houses, the collapse may have been worse. Billions of worth of Dollars, Pounds, Euros, and other currency’s values were erased within hours. These losses are not just paper, they are the investments of many people, including men and women who have invested their savings in various retirement programs tied to the stock markets and financial markets, and sadly those initial losses may be the least incurred by people, especially by the mostly English (as opposed to Scottish and Northern Irish) citizens of the United Kingdom who voted to leave the European Union intended.
As I mentioned last night, I can understand why so many working class Englishmen voted to leave the E.U. In fact, I have never been a big fan of the E.U., but that being said, despite its flaws which I think are legion, I believe that Europe and the world, including the United States are now better with it than without it. We so often forget that the international alliances of the Eurpoean Union, and the North Atlantic Treaty Organizations have done for stability and peace in Europe. People too often forget the disastrous great World Wars of the Twentieth Century, the genociadal regime of Hitler, and the Soviet Communists which led to its creation in the early 1950s. The European Union may need substantive reform, and even to restrict some of its bereaucratic initiatives, but on the whole it has been a force for good. With the exception of the breakup of the former Yugoslavia and the subsequent wars in the Balkans, the European continent has been free of war since 1945. In light of that I would have counseled the people who voted to leave to instead have worked inside the system to reform it, but just as in the United States, people tend to be more motivated by fear than by reason when it comes to government.
Sadly, there will be unintended consequence, the first of which on the economic front are already being felt, the U.S. Dow Jones lost over 600 points today, the largest loss in over four years. Other stock markets and financials are continuing to fall in value. In the hours following the vote to “leave” the E.U., there is the very real threat that the United Kingdom may collapse as the people of Scotland as well as possibly Northern Ireland, and Gibraltar begin preparations to leave the U.K. If that happens it will have major economic and security effects in the U.K. Much of British industry, including shipbuilding, petroleum and other energy are concentrated in those parts of the U.K., as is the major British Trident submarine base and nuclear weapons facility at Faslane Scotland. The United Kingdom is not just England. If Scotland leaves the U.K., and if Northern Ireland follows suit it will be disastrous to the very working people in England who voted to leave the E.U., both in terms of economics and national security. The truth is that the world’s economic and security interests are much more interconnected and dependent than most people who follow the dictates of “my country first,” or “my interests first” fail to understand.
Believe me, I get the anger, I get the frustration that is found in the United States among the supporters or Donald Trump and Bernie Sanders, and the British citizens who voted to leave the E.U. I do not condemn them, at the same time I would politely disagree with the way to solve the problem. In the aftermath of Brexit, anti-European Union parties in France, and the Netherlands are threatening to do what they can to break up the E.U. Likewise, there are other movements in Europe which after having taken the financial resources of the E.U., are willing to quit it regardless of the economic and security consequences. Unfortunately, to paraphrase the words of one of my readers for the U.K., that they may have opened Pandora’s Box in voting for this.
But another consequence will be felt by the ethnic and religious minorities whose ancestors fought for these nations when they were colonial empires; Indians, Asians, Arabs, North Africans, and sub-Saharan Africans who fought and often died for the British, Dutch, French, and Belgian colonial empires in wars that did little to benefit them. The abject racism that has been displayed by some people of the Brexit movement, as well as the right wing movements in the Netherlands, France, Belgium, Germany, Poland, Hungary, and other nations is frightening to comprehend. The fact that race and religious hatred can emerge from the ashes of the Holocaust is hard to imagine, and the sad thing is that those who propagate race and religious hatred against Muslims, Hindus, and others would do the same to the Jews, if there were enough left in Europe to make it worthwhile.
Unfortunently, the real terrorists that those in the Brexit movement and other right-wing European movements fear are those whose world view is their mirror image, radical ideologues that are unwilling to compromise with or accept those who are different from them; not those who have tried to adapt and assimilate in a world where they are still, after generations of work and sacrifice for their former colonial masters are still not welcome. Sadly, that has resulted in some of these people embracing the cause of groups like the Islamic State and Al Qaida.
Since I am neither the Prophet, nor the Son of the Prophet, I cannot say what will finally happen in the near future, but I know that last night was a watershed and that the world that we have known for decades, and that the people of the United Kingdom have known for over two centuries will never be the same again. In light of history, that is not a good thing.
I know that most of the people who votes to leave the European Union meant well, but sometimes the best of intentions lead to consequences which are more terrible than what the people thought they were intending. That is another fact that history demonstrates.
Have a good night.