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.
Related Resources
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What Racism Costs Us All
Joseph Losavio. “What Racism Costs Us All.” IMF. September 2020. https://www.imf.org/en/Publications/fandd/issues/2020/09/the-economic-cost-of-racism-losavio.
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The Economic Cost of Gender-Based Discrimination in Social Institutions
Gaëlle Ferrant and Alexandre Kolev. “The economic cost of gender-based discrimination in social institutions.” OECD Development Centre. June 2016.