Talks between Britain and the EU are barely inching along, partly because the Conservatives are deeply divided, partly because the EU is not sure May can deliver or that the current government will last to the next general elections in 2022. With Labour on the ascendency, May is reliant on an extremist party to stay in power, and countries like France are licking their chops at poaching the financial institutions that currently work out of London, EU members are in no rush to settle things. May is playing a weak hand and Brussels knows it.
Eventually, the Labour Party will have to engage with Brexit more than it has, but Corbyn is probably correct in his estimate that the major specter haunting Europe today is not Britain's exit but anger at growing inequality, increasing job insecurity, a housing crisis, and EU strictures that have turned economic strategy over to unelected bureaucrats and banks.
"The neoliberal agenda of the last four decades may have been good for the 1 percent," says Nobel Laureate Joseph Stiglitz, "but not for the rest." Those policies were bound to have "political consequences," he says, and "that day is finally upon us."
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