Brexit was about politics and sovereignty, not trade zones

The smoke is beginning to clear. Some of the main outlines of the post-Brexit world are beginning to emerge. Markets have recovered from their immediate plunge. British politics have begun to stabilize. Life continues, as the French say.

The decision of British prime minister David Cameron to leave office in the near future triggered a succession crisis in his governing Conservative party. At this point, the leading contender to succeed him appears to be Theresa May, currently Britain’s long-serving home secretary. May, who was herself opposed to Brexit, has pledged to honor the vote of the country’s majority if she becomes prime minister. She insists that there will not be another referendum, as some die-hard opponents of Brexit have demanded. Nor will there be a General Election, which would be tantamount to a second vote.

To us, this seems to be exactly how democratic politics should work, once a national referendum has been called. Any other course, including a general election, would tarnish the democratic credentials of Parliament. After a protracted debate in the UK, the majority in favor of exiting the EU (52 percent), while not overwhelming, was clear and convincing. And the turnout (72 percent) was high. That is a mandate to leave.

 
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Brexit was about politics and sovereignty, not trade zones

Πηγή: American Enterprise Institute