New Times,
New Thinking.

  1. Politics
  2. Brexit
20 March 2019

The UK needs an economic and constitutional revolution

A Speech of Hope must set out a vision for an open Britain that is a beacon of hope in Europe and beyond. 

By Yanis Varoufakis

The memory of past greatness can be debilitating for a people who feel they have failed to rise to a historic occasion.  We Greeks have been burdened by this sensation at various moments in our postwar history: in 1967, when we failed to prevent a military coup; or more recently in 2015, when we allowed the troika of the EU, the IMF and the European Central Bank to crush us. Brexit Britain is, today, wallowing in a similar sense of having betrayed both its past and its future. A “Speech of Hope” for Britain is now more necessary than ever as the country endures a humiliating impasse.

Polarisation and discord have been Brexit’s predictable consequences. However, there is something that binds together all strands of British public opinion: self-pity. Right-wing Brexiteers are perhaps the group most immersed in it. They crave “Empire 2.0” (a global, London-centred, mercantilist realm) and imagine themselves as an insurgency against brutish forces they cannot overcome. Pro-establishment Remainers strive to thwart Brexit, trading on the sad conviction that sovereignty is a luxury for an island constantly shrinking in global influence. Lexiteers imagine that Brexit may help them avenge the left’s comprehensive defeat at the hands of home-grown Thatcherism.

Subscribe to The New Statesman today from only £8.99 per month
Content from our partners
Towards an NHS fit for the future
How drones can revolutionise UK public services
Chelsea Valentine Q&A: “Embrace the learning process and develop your skills”