Brexit, Free Trade, & Systemic Fragility in the Global Economy

Professor Jack Rasmus discusses the global contagion effects of Brexit, now beginning to emerge in the UK, EU, and beyond. UK and Euro currencies are falling, and financial asset prices are under growing pressure everywhere in Europe. Will (and how) might it spill over to the US economy? How political instability in Europe from ‘Brexit’ and spreading ‘Euroscepticism’ are being accelerated. Jack is the author of Systemic Fragility in the Global Economy, and Epic Recession: Prelude to Global Depression.
The Brexit vote is a triumph for forces of national chauvinism, xenophobia, racism, and the hard right. It is a catastrophe for workers — particularly immigrant workers — and the Left.