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“The lesson from Brexit is that too much market and too little state invites a backlash” Kevin O’Rourke (London School of Economics)

It has recently become commonplace to argue that globalisation can leave people behind, and that this can have severe political consequences. Since 23 June, this has even become conventional wisdom. While I welcome this belated acceptance of the blindingly obvious, I can’t but help feeling a little frustrated, since this has been self-evident for many years now. What we are seeing, in part, is what happens to conventional wisdom when, all of a sudden, it finds that it can no longer dismiss as irrelevant something that had been staring it in the face for a long time.

https://blogs.lse.ac.uk/europpblog/2016/08/24/the-lesson-from-brexit-is-that-too-much-market-and-too-little-state-invites-a-backlash/#Author

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