Larry gets things right here.
SiriusXM host Stephen K. Bannon interviwed Kudlow and noted the vote for exit is now ahead by a few points in some polls, producing a “tectonic plate shift and shockwave in London.”
Bannon asked Kudlow if the “rise of economic nationalism,” as exemplified by the Brexit vote, was a good or bad development.
“In terms of Brexit, I think this has, frankly, more to do with Britain’s culture, and government, and autonomy, as a great English-speaking, common-law, Magna Carta state,” Kudlow replied. “I think this is a rebellion against Brussels, and a rebellion against the European Union.”
“If it wins, you listen to people like Boris Johnson – he’s an MP from London, he was the mayor of London – a lot of those guys argue that they’re ceding power to Brussels, and the EU, and that Britain will never rule Britain again,” he continued. “Britain’s democracy will not be the most important factor in making decisions for the country. I think that is more at stake. The economic stuff, we can talk about that, and there are a lot of naysayers regarding trade and banking, but I don’t buy that, frankly. I just don’t buy that.”
“I think the European Union is basically a top-down, Left-leaning, socialist-leaning, Big Government-leaning operation,” he elaborated. “Therefore, I’m highly suspicious when it comes to free markets, for example. I think the EU is not for free markets. I think the EU is for subsidies, and the EU is for welfare, and so forth, and so on.”