turner33_Ulrich Baumgarten_Getty Images_British alarm clock Ulrich Baumgarten/ Getty Images

The Brexit Alarm

Contrary to glib assumptions, globalization of capital, trade and migration flows are not “good for everyone.” If we do not address its adverse effects, Britain’s exit from the EU will be neither the last nor the worst consequence.

LONDON – As a passionate European, the outcome of Britain’s referendum on European Union membership horrified me. It will almost certainly result in our exit from the EU. But I have feared for many years that large-scale immigration to the UK would produce a harmful populist response.

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