The Anglo-Saxon world is now learning the economic price of trying to turn the clock back. Through a referendum and an election in 2016, many Britons and Americans expressed a wish to return to a recognizable time before the disruptive elements of globalization, the digital revolution, and the increasingly free movement of peoples. As a result, the governments of both countries undertook explicit policies to unwind fundamental regulatory conditions to recreate the world order that preceded them: Brexit for Britain and the attempted repeal of the Affordable Care Act (ACA) for the US.
Both policies were aggressively prosecuted by conservative governments. Both lost steam when they encountered political realities. Both have fallen afoul of constitutional obstacles that prevent the simple implementation of their goals. And both of these efforts have done economic damage to the countries that pursued them as solutions.
Our Tory govt aggressively pursued Brexit?
Dr. Sam Natapoff is the President of Empire Global Ventures LLC (EGV) where he helps companies scale both internationally and abroad and is a leading expert in international economics and business consulting. He has a Ph.D. in International Relations from George Washington University.
One consultant not to hire, eh?