Friday, May 24, 2019

Theresa May Resigns


After failing to get an agreement on terms of EU exit, Theresa May decided to resign. She promised that she would remain until some consensus was reached, but the political conditions proved to be more challenging. Fall out from the referendum has created a UK struggling to confront both economic and social challenges. It is possible there could be another extension to the deadline for complete withdraw from the European Union once more. The UK's attempt to leave the European Union shows that Europe is becoming more divided due to the financial crisis, refugee migration, and the nature of supranationalism. There have been claims that the international markets have reached a state of recovery, but the middle class and poor still struggle. The public has little understanding of the international financial banking system and the neoliberal foundation in which it is based. Brexit is a revolt against neoliberal capitalism, immigration, and globalization. Failure of establishment politicians to recognize the frustration of a public that feels governments are not responsive has made people turn to far right xenophobic nativist  nationalism as an alternative. Theresa May became Prime Minister in a time of confusion and political transformation. A government under such strains involving the question of passports, Ireland, and tariffs was unlikely to survive. Her resignation now has caused more political factionalism as members of government seek the premiership. The Conservative Party could see a rapid decline in public support, if they cannot successfully reach an agreement on leaving the European Union. Some are even calling for another referendum. Even with a new Prime Minister an agreement being reached soon still remains out of reach. Theresa May leaves behind a UK stuck in political factionalism and an uncertain future.      

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