Who’s to blame for calling this idiotic up or down Brexit vote in the first place?
He thought remain would be a slam dunk. Against the advice of professional economists everywhere, he wagered Britain’s long-term economic growth rate for short-term political gain (appeasing Trump-like conservative populists within his own party)–and he lost. He lost.
This is exactly what Republicans like Paul Ryan are doing, as we speak, with Donald Trump: by supporting him, they are recklessly exposing the United States to a needless hazard in the name of short-term political gain, appeasing the most extreme, right-wing elements within their own party.
So now the question has become the following: is Brexit the foreshadowing of an equivalent populist electoral folly in the United States in November?