The racists have successfully articulated a broad anti-establishment sentiment — originating in class injuries, regional decline, postindustrial devastation, generational anxieties, etc — along bigoted, national chauvinist lines. The vote cannot be reduced to racism and nationalism — but that is the primary way in which it has been organised and recruited and directed, and that is the primary way in which the outcome will be experienced. That this was achieved so soon after the fascist murder of a center-left, pro-immigrant MP, is stunning in a way. It says something about the truculence of some of the chauvinism on display. It says something about the profound sense of loss which a reasserted “Britishness” is supposed to compensate for.
There is a lot of finger-wagging on Twitter and elsewhere about how the exit voters have just triggered economic self-destruction. House prices will fall, savings will be diminished, the pound will weaken, jobs will dry up. Well, that’s all true. Except. Not everyone benefits from the insane property market. Not everyone has savings. Not everyone benefits, as the City does, from a strong pound. Manufacturing has suffered from that priority. Large parts of the country have been hemorrhaging jobs for years. “The economy” is not a neutral terrain experienced by everyone in exactly the same way. And some of the votes, coming in core Labour areas, not necessarily strongly racist areas at first glance, indicate that. So people have voted against an economy that wasn’t working to their benefit. That doesn’t mean the practical alternative will not be worse. I suspect it will be a great deal worse.
—Richard Seymour
EU Referendum Vote