Debates about whether the European Union will fail have often occurred in intellectual silos. Thankfully, AEI hosted a panel of economists who presented and defended their contrasting forecasts about the EU’s future.
Over the past year, popular demand to use protectionism to shield workers and companies from cheap foreign products has received more attention. But the focus should be on improving productivity and helping workers transition.
If Britain does vote to leave, a driving factor would be a desire to reassert London’s sovereignty, instead of allowing the EU to dictate policies or regulations. Yet there is a risk that the UK would exchange real sovereignty for an imaginary kind.