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In this AEI Events Podcast, leading experts join AEI’s John R. Bolton and Desmond Lachman to discuss the challenges and opportunities of Brexit after the United Kingdom elections. Ambassador John R. Bolton, senior fellow at AEI, discusses the EU’s “secular theology,” which argues the EU has brought peace and prosperity to Europe. David O’Sullivan, ambassador of the European Union to the United States, disagrees, asserting that the EU had allowed peaceful resolution of conflicts. He highlights that defining a post-Brexit relationship between the UK and the EU will take several years.
Adam Posen, president of the Peterson Institute, addresses the negative economic shocks the UK will face if, because of Brexit, it loses tariff-free access to Europe, its largest trading partner. Hugo Gurdon, editorial director of the Washington Examiner, pays tribute to the EU as a project for peace but argued that the UK’s history of constitutional stability and relations with the world, rather than Europe, means Brexit was the right choice for the UK. Finally, AEI’s Desmond Lachman emphasizes that the EU, especially the eurozone, faces severe economic problems associated with the risk of a breakup.
This event took place on July 18, 2017.
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Published in: Economics
I thought this was an excellent show, with solid speakers saying sensible things about an important topic. Thanks for pulling together such an impressive and diverse group.
This is very interesting. The pro EU speakers are strong, their arguments solid, but also provide a view of EU elite’s insufferable superiority. I suppose if our liberals were half as articulate they could make equally convincing arguments why Washington should not dismantle anything or send programs to the states, but they would still be wrong. Of course the EU provides stability and that’s good, but stability built on bureaucratic structures and increasing complexity, with time will become stagnation. Not mentioned by any of them is the symbiotic relationships between the structure, the regulators and the economic elite. The important part of the EU is the trade regime and it should have ended there.