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How the Brexit Debate Is Spawning Europe’s Version of Donald Trump and Bernie Sanders
More and more voters are expressing their displeasure with the status quo. · Fortune

Although many Americans are lost in the midst of the wild 2016 U.S. presidential primary season, there is another election being held in a few months that may hold momentous consequences for America's allies and for the United States itself: the June referendum on Britain's withdrawal from the European Union. A referendum long promised by Prime Minister David Cameron, it may well shape the destiny of Great Britain and the European Union for decades to come, and will surely have important consequences for the United States. Moreover, the political dynamics of the referendum and the attendant forces at work within the EU are not too different from what is happening in the United States.

In very important respects, the struggle for the soul of Europe is remarkably parallel to the outsider candidacies of Donald Trump and Bernie Sanders, populists who have turned their ire on the party establishments and economic elites who have created the current situation in which the U.S. finds itself. Should a Brexit occur, and it probably has something close to a 50-50 chance of succeeding, it might actually provide an opportunity for a healthy reevaluation of the purpose of the European Union and the meaning of democratic governance and accountability in a 21st-century European society.

Great Britain's relationship with the European Union has always been ambiguous. Given its "special relationship" with the United States, it is only natural for Britain--which of course is not physically part of the continent--to be somewhat aloof. That aloofness is in part reflected by the fact that Great Britain never abandoned the pound for the euro, something 19 other nations in Europe have done. Moreover, the British have always been suspicious of the supra-national administrative state across the English Channel in Brussels. And indeed, the sometimes-ridiculous bureaucratic diktats coming out of Brussels have done nothing to endear the British to the idea of a supra-national state that is taking form in the form of the EU.

But all of the above is pretty much already baked into the cake. And, when Cameron finally called for a referendum on Feb. 20, he had done so in the calculated belief that the pro-EU forces in the country would prevail. He may have miscalculated. While the latest polls suggest a near dead heat between supporters and opponents of Britain remaining in the EU, it seems clear that the passion and intensity are on the side of withdrawal. In a vote that may well be decided by just a few percentage points, turnout and willingness to do the hard work of mobilizing others to vote may be critical. While numerous members of the governing Conservative party have abandoned Cameron and come out in favor of exit, none was probably as important as the dramatic announcement of support for a Brexit by Boris Johnson, mayor of London and a potential future Tory leader. His announcement on Feb. 21 helped galvanize the Brexit supporters, and has clearly created a sense of optimism on the part of the "out" campaign that may be hard to overcome.