Tesco
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.

Take-Aways

  • The Brexit vote could lead to unintended consequences for the United Kingdom, the European Union and the world.
  • Its decision to quit the European Union will bring the UK economic pain in the short term. Brexit could prod the EU to examine its shortcomings.
  • Income equality underpins social cohesion, which forms the basis for a contented society. But the United States and the United Kingdom score poorly on both aspects.

About the Author

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

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