Sir — Brexit is now a reality. Upheavals across the global markets is a logical result and may stabilise to newer levels with excess liquidity floating around in this dull global economic trade scenario. The greater concern now is the socio-political milieu that will emerge in a wide swathe of major capitalist economies.
The US and France are confronted with a wave of camouflaged protectionism, be it worker unions or threat from immigrant labours displaced from disabled economies or on ethnic and other grounds. Other nations too can be entwined sooner than later.
Brexit can also prove to be an incipient virus that will likely transform capitalism. If we are wise, we may find productive use for it. In the limited theatre of the eurozone, one can, but hope now that the EU re-emerges as more a federation than union and achieves reconciliation. On a larger canvas, we can surely overcome Brexit, but if its larger message is ignored, we may face the consequences.