Brexit marks the end of Britain as a great power

Fareed Zakaria in the Washington Post: “Britain’s Euroskeptics generally want to leave the E.U. because they see it as a statist juggernaut. In virtually every other member country, Euroskeptics dislike the E.U. because they see it as a free-market juggernaut. So either all of those other countries have it backward, or Britain’s Conservatives have gone nuts. …

“The foreign policy consequences of Brexit are being discussed least but might prove to be the most consequential. If Brexit does occur, within a few years, Scotland and Northern Ireland would probably loosen their ties to Britain to maintain their association with Europe. The United Kingdom would then be reduced to just England and tiny Wales, not really fitting into any of the three economic blocs of the 21st century — North America, Europe and China. London, a city that has shaped global affairs for 250 years, would become the West’s Dubai, a place where lots of money sloshes around but of no great geopolitical consequence.”

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