As you wake up on this Friday morning to a global market in free fall, and morning news shows talking about economic chaos in general, sip your morning coffee and damn the United Kingdom for the chaos. The UK's voters chose to leave the European Union yesterday, with just over 17 million voters voting to leave, and about 16 million voting to stay.
It is fair to say that the European Union kind of sucks. Germany essentially runs it, economically at this point, and their support for austerity has probably done more to push countries to leave than anything else. I can understand why a half-way intelligent person may think that leaving makes some level of sense. I can't actually argue this is all about bigotry, no matter how much i'd like to.
With that said, a lot of this is about immigration and bigotry. UKIP, the party most identified with this, is purely a hyper-nationalist temper-tantrum against diversity. This push on the British right-wing to leave the EU now threatens global markets with instability, and paves the way for many other nations to leave the Euro. We could be looking at a global recession as a result, and it's at least plausible now that the United Kingdom might just break up with Scotland and others seeking to leave. A new British government, a Euro in crisis, a UK in danger of breaking up, and a potential market crash are just some of the things this vote will give the world.
We wake up this morning in a world where the idea of Boris Johnson as UK Prime Minister and Donald Trump as U.S. President are actually possible outcomes. The United Kingdom's vote could set off a chaotic domino effect. I am not one to defend the European Union, but this is not the outcome that brings global stability. Thanks, voters of the United Kingdom- for nothing.
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