United Kingdom

In a shocking slap in the face for UK PM Cameron, more than 300 business leaders are calling on Britain to vote to leave the European Union, saying that the country’s "competitiveness is being undermined by our membership." As The Telegraph reports, the letter, signed by some of Europe's most senior business executives, claims Brussels "red tape stifles growth" and a Brexit would "create more jobs" exclaiming that "it is business - not government - which generates wealth."

Authored by Noam Chomsky, originally posted at TomDispatch.com,

[This piece, the first of two parts, is excerpted from Noam Chomsky’s new book, Who Rules the World? (Metropolitan Books).]

When we ask “Who rules the world?” we commonly adopt the standard convention that the actors in world affairs are states, primarily the great powers, and we consider their decisions and the relations among them. That is not wrong. But we would do well to keep in mind that this level of abstraction can also be highly misleading.

If the US presidential election has devolved into a comical soundbite free-for-fall, then the UK has its hands full with Brexit, and how the two opposing camps are approaching the UK's vote to exit the Eurozone on June 23.

The International Monetary Fund is warning that a vote to leave the European Union next month could prompt a stock market crash and steep fall in house prices. Christine Lagarde, the IMF managing director and the Bank of England governor Mark Carney also warn that Britain could fall into recession following a Brexit vote. All that’s on top of the world war that British prime minister David Cameron has warned about should Britain decide to leave the EU… Brexit fear mongering? or are we really doomed if we vote ‘out’?

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