Our friend and former member of the European Parliament Godfrey Bloom rejoins us for a lively postmortem on the Brexit vote. It's been two months, and the sky hasn't fallen in the UK. In fact, markets are up—and new Prime Minister Theresa May promises that a withdrawal treaty will be negotiated in due time. Mr. Bloom dismisses this, pointing out that her new administration could act swiftly and unilaterally. He also point out that the Germans are unlikely to deny BMWs to British buyers, just as French wineries are unlikely to suspend shipments of champagne across the Channel. In other words, trade can be accomplished without bureaucratic help. All the common market needs is buyers and sellers, not complex treaties and byzantine regulations.
How did "Leave" forces, overwhelmingly represented in the British countryside, defeat the bureaucratic class in London? And what does Brexit mean for the march of globalism generally? Mr. Bloom is an engaging speaker and a thoroughly pro-trade Rothbardian.
Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.