Source: Robert Skidelsky, Professor Emeritus of Political Economy, Warwick University, and author of a three-volume biography of Keynes, Project Syndicate, July 18
…The era of unregulated mass population movement is drawing to a close. As the Brexit vote shows, Europe’s political class greatly underestimated the strains caused by free mobility across borders – a shibboleth of the failed neoliberal project of maximizing market-based resource allocation.
Critics of neoliberalism cannot consistently exempt population movements from regulation. Indeed, the fatal flaw of free mobility in the E.U. is that it always presupposed a state to manage the movement. This state does not exist. Giving people an E.U. passport doesn’t legitimize a single labor market, which is why “emergency brakes” on migration within the E.U. are inevitable.