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The ramifications of Britain’s vote to exit the European Union extend beyond turmoil in the financial markets to very serious and far-reaching effects on global security, writes John Blaxland.
While the initial shock wave hit the financial markets, pundits vary on the longer term ramifications of Brexit.
Financial commentators have focused on the drop in the value of the pound and on the uncertain future of London as a financial hub.
Others, like former PM John Howard and IPA executive Georgina Downer, see more opportunity than crisis for a re-burnished Anglosphere. But such a rosy perspective is dangerously incomplete. Indeed, while an argument can be made for the enduring benefits of ties with other English speaking countries (described, in one instance, as being akin to that of strategic cousins), the days of Empire are long past. Strengthened ties with Britain are welcome, but there are other more worrying and pressing signals of what Brexit portends.
Read ‘The Brexit effect on global security’by John Blaxland, published in ABC News.