Brexit and Burst? Britain’s Existential Crisis

The referendum on whether the United Kingdom should remain a member of the European Union is a wake-up call for the single market of 28 nations and more than 500 million people. The fury over economic and political cooperation that led to the referendum won’t subside once the results are known and could, in fact, intensify. “The future of Europe, the transatlantic alliance and the international liberal order are all in play, and the June 23 referendum has done little to settle them,” writes Daniel Twining, director at the German Marshall Fund of the United States. He urges E.U. and global leaders to contemplate the disturbing trends for democracies—a backlash against globalization, fears about diversity and immigration, mistrust over trade agreements and uneven distribution of benefits, and fragmentation as nations withdraw from global challenges demanding cooperation. Twining suggests that rising populism and “domestic insurgencies will roil the ranks of the major powers, with potentially widespread strategic and economic consequences for the fragile international system.”
Brexit and Burst? Britain’s Existential Crisis
The European Union and the United Kingdom flags fly outside City Hall in central London on the eve of the EU referendum on June 22, 2016. Leon Neal/AFP/Getty Images
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BERLIN—Britain’s hard-fought referendum on whether to remain a member of the European Union is emblematic of a wider shift in Europe’s geopolitics. As much as the British want to believe their islands have a destiny separate from that of the continent, they have in fact been pacesetters for Europe writ large, from the consolidation of parliamentary democracy to the industrial revolution to the market reforms of the 1980s.

This year’s “Brexit” debate, although in many ways peculiarly British, has amplified broader trends in European politics—including questioning the fundamentals behind the unity of the continent—that are likely to intensify rather than subside. The future of Europe, the transatlantic alliance, and the international liberal order are all in play, and the June 23 referendum has done little to settle them.

First, globalization has produced a backlash in which national and local identities are ascendant. The British referendum campaign has underlined how a country whose cosmopolitan capital is a hub of global finance nonetheless prizes a more narrow English nationalism—even as pro-E.U. Scotland threatened to secede from the U.K. in the event of Brexit.

Residents of London, a bastion of “Remain” voters, see a hugely successful city whose multiracial, multilingual population resembles the world in miniature with even more richness. By contrast, many Brexit voters apparently viewed such diversity as a threat, succumbing to nativist appeals to clamp down on immigration—even though it has made Britain more prosperous and dynamic.

“Leave” voters were willing to risk economic calamity, including forecasts of a collapsing stock market and currency as well as a serious hit to household incomes, to assert their “independence” from Europe—attesting to the reality that people can be motivated by other considerations than just prosperity.

Daniel Twining
Daniel Twining
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