Britain just killed globalization as we know it; Washington Post, 6/25/16

Jim Tankersley, Washington Post; Britain just killed globalization as we know it:

"Political factions in other European countries are now clamoring to follow Britain out the door of the European Union. Republican presidential candidate Donald Trump is promising to levy the highest set of tariffs in the last century for America, against China, Mexico and other key trading partners. His presumptive Democratic opponent, Hillary Clinton, has vowed to renegotiate existing deals such as the North American Free Trade Agreement.

These developments come at the hands of an anxious working class across the West, whose members feel left in the cold by many developments of the rapid integration of foreign products and people into their lives.

It is clear from the results of the British vote, and from Trump's rise in American politics, that there is a large backlash against the results of globalization so far. Native-born workers without college degrees are venting their frustrations with immigrants, with factory jobs outsourced abroad and with a growing sense of political helplessness -- the idea that their leaders no longer respond to concerns of people like them.

University-educated voters in Britain overwhelmingly sided with the "remain" campaign in Thursday's vote; those without college degrees powered the victory for "leave.""