Jul 11, 2016

On Brexit and the governance of globalization

The outcome of the vote on Brexit surprised many people, myself included. Nonetheless, the fact that Brexit gained momentum should not come as a surprise. The reasons why Brexit became relevant do not necessarily have to do with populism and issues with democracy as many observers seem to imply. Populism is always a consequence of something else and the rants about "stupid" voters really miss the point. In this post I take a different perspective and ask: what if voters were actually behaving rationally?

Disclaimer: this post is long, not particularly well structured and has not been revised.

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