by Ted Bauman
The Sovereign Investor
Over the weekend, friends asked my opinion of Brexit. You lived abroad, they said, and you’re an analyst or something, so what can you tell us?
It wasn’t what they wanted to hear.
Most Americans who support Britain remaining in the European Union have characterized “leavers” as ignorant, backward-looking bumpkins, motivated by chauvinism or even racism: the British version of Trump supporters.
In a way, that’s what they are — a sizable group of ordinary people with valid concerns who’ve been neglected and misled by elites for so long that they’re seizing their only chance to register their rage at the established order.