the intangible economy and the social divides behind Brexit

An interesting piece from Stian Westlake at Nesta

‘Why did Britain vote for Brexit? In particular, why did so many people outside Britain’s largest cities turn out to vote Leave? Even for people who wanted a Leave victory, the divide between urban elites and the rest of the country has become a cause for concern.

Most of the explanations for last week’s surprise result seem to pin the blame on one of two things: neoliberalism and traditional values. But I suspect that both these explanations are too simple, and too reassuring – and that the real reason for the emerging divide is a structural problem which is getting worse.

Let’s take neoliberalism first

A lot of people have argued that the surprise victory of Leave in last week’s referendum was the revenge of people left behind by modern capitalism……………..Continued here


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