Britain has voted to leave the European Union. Most global leaders had expected the U.K. to stay in the EU, but the vote was fifty-two percent for exiting the twenty-eight-member bloc.
The withdrawal process will take up to two years, so nothing will change immediately. But make no mistake—this is a historic event. One British lawmaker called the outcome “a seismic moment for our country.” Prime Minister David Cameron has announced that he will resign. Global markets plunged; the Dow Jones is projected to fall more than 500 points when it opens this morning.
Brexit proponents were especially frustrated about immigration. With a net migration of 330,000 people to the U.K. in 2015, more than half from the EU, many felt their national identity was under attack and that the influx endangered schools, housing, and health care.
“Take control” was the slogan of the “Leave” campaign, and it clearly resonated with the people. As The New York Times noted, “referendums are not about the question asked but the political mood at the time, and the political mood is sour.”
That may be an understatement.
In the U.S., Democrats and Republicans are condemning each other for inaction on gun control. The president is condemning the Supreme Court’s decision that thwarted his efforts to expand immigration through executive action.
We are anxious about the economy. Writing for Foreign Affairs, Dartmouth economist Douglas Irwin notes that productivity gains from technology caused eighty-five percent of the manufacturing job losses between 2000 and 2010. Such jobs are not coming back. Globalization and innovation are making a new economy that victimizes those who cannot adapt.
Many Christians are anxious about religious freedom. There’s been a national uproar after a thirty-three year veteran of the Air Force was forcibly removed from a retirement ceremony because he invoked God in a speech. (For more, see Nick Pitt’s article.) More than three-quarters of evangelicals feel religious liberty is more threatened than it was ten years ago.
Continue reading Denison Forum – BREXIT VOTE SHOCKS THE WORLD