GLOBAL PERSPECTIVES

Making Sense of Brexit

Jun 29, 2016 | 08:00 GMT

The meaning of the Brexit shock
As policies, the recent developments in Britain seem irrational. But the problems underpinning the Brexit vote really aren't about policies, so they aren't amenable to policy analysis and solutions.

(JUSTIN TALLIS/AFP/Getty Images)

Of the millions of words written in the past few days about Brexit -- the British vote to leave the European Union -- the word "State" has seldom appeared. Very few commentators seem to appreciate the one concept that unites the otherwise disparate and paradoxical elements of the Brexit vote. For unless one appreciates that the driving historical force that has brought us to this impasse is the decay of one constitutional order, the industrial nation-state, and the emergence of its successor, the informational market state, the crises brought on by Brexit will simply confound us....

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