To survive, Europe must reinvent itself

People hold up pro-Europe placards as thousands of protesters take part in a March for Europe, through the centre of London on July 2, 2016, to protest against Britain's vote to leave the EU, which has plunged the government into political turmoil and left the country deeply polarised. PHOTO | AFP

What you need to know:

  • Pragmatic and realistic Britons have voted against their own interests.
  • By rejecting the EU, Britons have probably condemned their country to gradual impoverishment and, perhaps gradual disintegration.
  • Nostalgia was a driving force behind the Leave campaign, as was the desire to punish the scoundrels in charge.

US President Franklin D. Roosevelt once proclaimed that “the only thing we have to fear is fear itself.” The United Kingdom’s “Brexit” referendum proved that he was not exactly right.

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