Brexit fal­la­cies

The Press - - Opinion -

If noth­ing else, Brexit has shown the fal­la­cies in clas­sic cap­i­tal­ism.When Adam Smith wrote the Wealth of Na­tions, Bri­tain had a monopoly in cof­fee and sugar, and could pick and choose (at her whim) who to trade with in Europe.

To­day’s global trad­ing en­ti­ties aren’t seek­ing com­pe­ti­tion, they are after the same sort of onesided monopoly Bri­tain en­joyed in the 18th and 19th cen­turies.

Si­mon Rolle­ston, Brom­ley

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