Brexit Wins

For indispensable reporting on the coronavirus crisis and more, subscribe to Mother Jones' newsletters.


British voters have voted to leave the EU. What a waste. I’m skeptical that this will cause economic Armageddon, but I doubt that it will do Britain any good either. Now they’ll spend the next three or four years up to their gills in rancorous negotiations on the terms for exit, and all to accomplish next to nothing.

In the short term, however, everyone is going to freak out. Financial markets are already throwing a fit, with the pound absolutely cratering. It had strengthened earlier in the week as it looked like Brexit would lose, but earlier tonight, as the first results started trickling in, it dropped like a stone. It lost more than 10 percent of its value in just a few hours, and is now trading at it lowest level against the dollar in 30 years.

I don’t have any personal axe to grind on Brexit. Except for one: I am sick and tired of watching folks like Boris Johnson, Marine Le Pen, Donald Trump, and others appeal to the worst racial instincts of our species, only to be shushed by folks telling me that it’s not really racism driving their popularity. It’s economic angst. It’s regular folks tired of being spurned by out-of-touch elites. It’s a natural anxiety over rapid cultural change.

Maybe it’s all those things. But at its core, it’s the last stand of old people who have been frightened to death by cynical right-wing media empires and the demagogues who enable them—all of whom have based their appeals on racism as overt as anything we’ve seen in decades. It’s loathsome beyond belief, and not something I thought I’d ever see in my lifetime. But that’s where we are.

THE BIG PICTURE

You expect the big picture, and it's our job at Mother Jones to give it to you. And right now, so many of the troubles we face are the making not of a virus, but of the quest for profit, political or economic (and not just from the man in the White House who could have offered leadership and comfort but instead gave us bleach).

In "News Is Just Like Waste Management," we unpack what the coronavirus crisis has meant for journalism, including Mother Jones’, and how we can rise to the challenge. If you're able to, this is a critical moment to support our nonprofit journalism with a donation: We've scoured our budget and made the cuts we can without impairing our mission, and we hope to raise $400,000 from our community of online readers to help keep our big reporting projects going because this extraordinary pandemic-plus-election year is no time to pull back.

THE BIG PICTURE

You expect the big picture, and it's our job at Mother Jones to give it to you. And right now, so many of the troubles we face are the making not of a virus, but of the quest for profit, political or economic (and not just from the man in the White House who could have offered leadership and comfort but instead gave us bleach).

In "News Is Just Like Waste Management," we unpack what the coronavirus crisis has meant for journalism, including Mother Jones’, and how we can rise to the challenge. If you're able to, this is a critical moment to support our nonprofit journalism with a donation: We've scoured our budget and made the cuts we can without impairing our mission, and we hope to raise $400,000 from our community of online readers to help keep our big reporting projects going because this extraordinary pandemic-plus-election year is no time to pull back.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.