HKS Affiliated Authors
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor
Excerpt
Excerpt
Lawrence Summers on Brexit: A wakeup call for elites. Lawrence Summers, June 24, 2016, Audio. "There's a context slice of the Brexit story that we need to get to before the day is done -- the place that Thursday's vote has in the global economy, and in history, really. Former Treasury Secretary Larry Summers wrote a quick post last night for The Washington Post. We got him on his cell phone Friday to talk more about it: What do the events of last night mean for globalism in the long run? I think this is probably the worst self-inflicted policy wound that a country has done since the Second World War. My hope is that this will be a wake up call for elites everywhere, on the need to develop a responsible nationalism. But the best way forward is not denial, is not railing against the folly of the electorate, it's seeking to design an approach, approaches to economic policy that hear the anger that's being expressed in this vote." Link