That is the topic of my latest Bloomberg column, more or less, here is one bit from it:
That leaving is so difficult, however, may in part explain the desire to leave. In the most sophisticated cases for Brexit, there is no acceptable resolution to the negotiating dilemmas. Rather many Brexiteers think their nation’s culture and legal system need to take their own courses. For better or worse, they think England in particular simply can’t become that much more “continental.” What appeared to be a wonderful deal — free trade but no euro — actually was viewed as a Trojan horse for the disappearance of British uniqueness. Over time the encroachments of EU law and governance will clash more and more with the underlying institutions and culture of the U.K., and something will have to give. Law and culture eventually must prove congruent, but EU legal and bureaucratic powers will inevitably grow, ultimately clashing with the notion of Britain as an idiosyncratic and independent nation. Culture and law cannot remain so separate forever.
I have myself been strongly pro-Remain, but I don’t dismiss the Leavers as a bunch of ill-informed voters or hapless victims of globalization. Counterintuitively, it is the supposedly undereducated Leavers who have the more theoretical and historical perspective. It doesn’t help that they initially were promised a much weaker set of ties with the EU, and so mistrust makes all of the complaints more potent.
On top of all this, many Brexiteers suspect there won’t be any better time to leave than now, and so “Remain” is for them an impossible stance over the longer run. Returning to history, ejecting James II seemed risky and destabilizing at the time, but for the most part the decision wasn’t regretted and it was better not to have hesitated.
Do read the whole thing.