In the last 48 hours we have witnessed a geopolitical shift as change making as a major European war. Britain like the United States has allowed grotesque wealth inequity to become the norm. As a result, even though it will ultimately damage their lives, the U.K. voters chose to leave the EU, in a kind of ignorant angry protest vote.
In my view it is a disastrous decision — already millions are having second thoughts — but it was driven by a political and financial establishment as greedy as Jabba the Hutt. The same process is going on in the United States, and is the reason millions of Americans support the idea of an outlandish ill-informed huckster like Donald Trump for President.
There is a major lesson for Americans here. Just as the citizens of the U.K. essentially voted against their own self-interest in protest, and are only now beginning to understand the nightmare they are entering, so Americans seem poised to do the same thing in November.
How bad is it going to be for Britain? My assessment at this point is that within four years, and probably sooner, the U.K. will cease to exist. It will be just England and Wales. Scotland and Northern Ireland will have left the U.K. in order to stay in the EU. England will go into a recession, there will be a real estate bubble burst in London, and the London financial city, the leading financial center in Europe at this time, will be severely reduced. I see years of struggle for England. And note the age differential, the young and old have antipodal positions.
And much the same will happen in the U.S. if Trump is elected. The details will be different but the social disorder and crisis will be similar. It is all going to get down to how many people vote.
WASHINGTON — When people discuss the stakes of Britain’s decision to leave the European Union, they often talk about implications for the “European project,” the continuing post-World War II effort to unify the Continent politically and economically. But within hours of the polls’ closing on Thursday, it appeared that something much more basic could be at risk: Britain as a multinational state.
The United Kingdom of Great Britain and Northern Ireland, as it is formally known, is one of only a handful of countries that consist of multiple nations, politically and legally distinct but united under a common government.
That system of government has been the subject of far less frenzied commentary than European unity, because it is smaller, and because it has seemed so stable. But the crisis-ridden, …