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Interesting/reflective thread by @mrrbourne But misses Brexit elephant! UK is leaving what - for all its flaws - is an economic union based on free trade, regulatory harmonisation & elaborate framework designed to secure free and fair competition on a “level playing field.” (1/3) https://twitter.com/MrRBourne/status/1278757279165222914
It did so on a prospectus of erecting new barriers to immigration and “taking back control.” What did Ryan & co think would happen? Of course it is theoretically possible for the UK to pursue the sort of liberal, market-oriented policies Ryan wants outside the EU. And.. (2/3)
...to be fair, on immigration Johnson so far has been much better than May. But in political economy terms this was always going to be running to stand still at best. Ryan’s own comrades – eg @s8mb – warned him of precisely this.
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Did the UK's intellectual turn away from market-oriented/liberal approach to economics cause Brexit? Or vice versa? Not of course a question with a simple answer - these things always go both ways. But the connection is undeniable. [4/4 ends]
