Irrationality of Capitalism: Why Does Withdrawal From the EU Trigger a Plunge in Stocks?

Roughly 85% of the population in the West – middle class, working class and poor – think of an economy as the production of goods and services, only until they take an economics course in which economic relations are mystified.

So why would the British economy, previously ranked AAA, suddenly be lowered because of a “less stable policy framework”? What does this have to do with the British production of goods and services? Nothing. What a “less stable policy framework” translates to is that the British withdrawal from the EU means that economic policy will be determined by elected politicians, not the bankers of the EU. For the bankers, this is a catastrophe.

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