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Brexit and its Consequences

  • Citation: Pettifor, Ann. “Brexit and Its Consequences.” Globalizations 14, no. 1 (2017): 127–32.
    • Topics:
    • Country and Regional Studies
    • Keywords:
    • Brexit
    • financialization
    • Polanyi

In this brief essay, I argue that the ‘Brexit’ vote is but the latest manifestation of popular dissatisfaction with the utopian ideal of autonomous markets beyond the reach of regulatory democracy. Brexit represented the collective, if (to my mind) often misguided, efforts of those ‘left behind’ in Britain to protect themselves from the predatory nature of market fundamentalism. In a Polanyian sense, it is a form of social self-protection from self-regulating markets in money, trade and labour.

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