By Girish Menon
Now that a majority of Britons have voted to leave the EU, Nigel Farage has denied his claim to fund the NHS, David Cameron has resigned and
the markets have fallen; so what happens next?
Scenario 1: The
Status Quo
The Conservative party will elect a leader who will try to
develop a national consensus on the EU. . S/he will then embark on negotiations
with the EU and this time the spooked EU leaders will concede enough to make a
difference. S/he will conduct another referendum in 1-2 years time and the UK
will continue to be a part of the EU.
Scenario 2: The
Nightmare
True Eurosceptics with strong neoliberal leanings will come
to power. They will fan xenophobic forces to mask the budget cuts to public
services. They will negotiate trade deals from a weak position, dilute workers'
rights and help their rich funders convert England
into another Russia .
Scenario 3: The
Ideal
There will be intense and honest soul searching across the
EU. A realisation will dawn that inequality is the major cause for the rise of
fissiparous forces. The EU will become a transparent organisation with
accountability. It will ensure a Universal and Unconditional Basic Income, Free
Education, Free Health and subsidised Housing for all its citizens.
There could be many more scenarios which will be variations
on the above themes. I hope the EU will choose scenario 3 but as a betting man
I think it will choose scenario 1. The case for scenario 1 becomes stronger as the government is in no hurry to invoke Clause 50 which is the next step to start the Brexit negotiation and Boris Johnson appears subdued after the victory.