Regret in the UK - Post-BREXIT GDP Slowdown and the Case for Globalization

It was the British and Dutch who became the wealthiest communities in the world by pioneering globalization. BREXIT was a decisive vote to withdraw from the world as part of the retreat from globalization. Brits - whose economy has been in a slog since voting for BREXIT - now regret it.

How much of a slog? Look at the graph below. Real GDP growth in the UK in the 6 years before BREXIT was 13.0%. In the 6 years after it has been only 7.7% - a drop in growth rate of about 40%. (By contrast, US GDP grew by 12% in the 6 years before and by 13.1% in the 6 years after.)

This isn't complicated. Communities that become part of the larger world prosper.

Communities that cut themselves off - or are cut off - from the world languish.

Reversing globalization is fear-based politics that is bad for the economy. It's exciting to attack globalists but they're right about the benefits of being connected to the world outside your borders.