Brexit Its Necessity and Challenge

A fresh look at the impending effect of Brexit on our economy and the global financial system

With the arrival of the 21st century, many in the City of London believed a new Golden Age of Capitalism was finally approaching. All the ambitious projects of the Big Bang were remarkably progressing across the globe. As pay scales in the financial sector continued to climb, there seemed little to worry about...until one dreadful day in 2008.On the other side of the Atlantic Ocean, things were developing rather differently in the face of hitherto unknown hostility in the Pacific trade relationship. The Soviet Union had finally collapsed but the prodemocracy demonstration in China had to be suppressed. Nevertheless, these events could only reinforce an American belief - liberal democracy is the only remaining `sacred' ideology in the world.In such emancipated optimism, everybody could still enjoy the unprecedented financial momentum of Wall Street lasting even today. Tony Kosuge argues this pre-Brexit global shift in the West must be fundamentally altered by the people's verdict in Britain, as the EU is abruptly caught on the defensive with a massive inflow of desperate migrants crossing the Mediterranean from the war-torn Middle East. Growing public discontent in Europe with austerity measures must be contained, as it is reaching breaking point elsewhere.In this moment of extraordinary tension, Kosuge casts fresh light on the approaching financial threat and how a possible solution to the current economic crisis can be established to overcome the inherent flaws in the current global economy. He reassesses a hidden force that is the still-surviving `forgotten' ideology in the East to deliver drastic appraisals of our own economic system, and above all, the required strategy for its long anticipated recovery.