Immigration and Brexit
Report

Immigration and Brexit

Jeremy Grantham
GMO, 2016
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Editorial Rating

8

Qualities

  • Controversial
  • Analytical
  • Eye Opening

Recommendation

Investment expert Jeremy Grantham offers a succinct round-up of the forces roiling the United Kingdom, the European Union and the United States today, and he finds that Brexit may well be an important marker in history. His editorial text quotes research that shows social cohesion as the necessary component for societal peace and contentment. Yet growing income inequality and unfettered immigration can erode that cohesion. While not endorsing all Grantham’s commentary, getAbstract recommends this piece, written with pithy conviction and discernment, for its original and provocative style.

Summary

The political and economic environments in the United States, the United Kingdom and the European Union have grown more fractious and volatile. Increased income inequality and immigration provided the context for Britons’ decision to quit the European Union, launching the region – and perhaps the world – into uncharted territory.

Societal well-being depends on social cohesion and everything it elicits: better health, longer lives, upward mobility, less stress and greater happiness. Income equality underpins these benefits. Data show that Japan and the Nordic...

About the Author

Jeremy Grantham is a co-founder of GMO and its chief investment strategist.

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