Steve Keen, Head of the School of Economics, Politics & History at Kingston University, London, thinks that Britain would be better off outside of the union.
“My perspective is to some degree more political than economic,” notes Keen. “Courtesy largely of the Euro, the EU is a failed institution that is achieving the opposite of its aims to unify and strengthen Europe.” As Keen sees it, the EU’s most influential treaties, such as Maastricht and Lisbon, have been used to subvert democratic governments and to impose the will of “Ordoliberal bureaucrats” upon electorates that are attempting to end Neoliberalism. [“Ordoliberal” refers to a German strain of liberalism that emphasizes maximizing the potential of the free market to solve economic problems.]. Keen observes that “a ‘remain’ vote will strengthen the power of this anti-democratic elite and do nothing to tame the forces of racist nationalism that have arisen in reaction to their failed economic policies.” Keen will be voting for the U.K. to leave the EU.