While the banks, elites, and the super-rich have been scrambling to try to hold onto their billions following the UK’s shocking vote to exit from the European Union, the anger expressed by the leave side was another emotional cry to end the control that corporations and the elite have over everyday people in many Western countries.
The day after the vote, panic and fear struck at the hearts of money gamblers as their bets turned sour and markets lurched downward. The wealthiest people lost $120-billion.
On the other side of the equation, people in most parts of the UK except Scotland and Northern Ireland expressed their anger over their inability to have more control over their lives. They blame the EU for the disastrous performance of the economy since the 2007-08 financial collapse. They also fear the idea of “ever closer union,” moving toward a United States of Europe, which would lessen their control over their lives.
Meanwhile, the same anger is present in several Western countries. People have seen economic policies that favour corporations and the rich that destroy their jobs, businesses and communities. Citizens began to lose control of their governments in the early 1980s when Thatcher in the UK and the Reagan in the US – without consulting the public – adopted a series of neo-liberal policies.
Multi-nationals, elites and banks firmly control Western governments through neo-liberalism, financial integration, and globalization. In 2011, a…