It is quite telling that economically both sides of the debate argued for the same thing, the continuation of neo liberalism.
The question posed by the ballot was a simple “In or Out”. But, as with most instances within democracy, this could not be answered so straightforwardly. What the ballot really asked is this: would we prefer to be in a capitalist Britain inside the capitalist EU; or a capitalist Britain outside the capitalist EU?
When Britain voted to remain a member of the European Economic Community in 1975, the trade union movement and Labour Left campaigned against membership. They argued, correctly, that the EEC was a “bosses club” that would benefit European big business and banking interests at the expense of European workers. This appeared very plainly to the British Left, as the EEC was essentially a free-trade area established to integrate the European economy into a single bloc that could rival the United States and the Soviet Union. In the game of inter-imperialist competition, the workers always lose. I do not think anyone can argue that the workers lost since joining the EU, yes there were some sops but inequality has rose exponentially. There is no doubt in my mind that since the beginning of the capitalist crisis in 2008 the institutions at the heart of the EU – the European Commission and the European Central Bank – have shown their true colours by imposing capitalist austerity across Europe. Look at how they destroyed Greece for instance. Its a capitalist club.
Above all else, we need a socialist transformation of society by the working class. The EU is just as much of a corrupt, big-business-run institution as our very own government of the rich. Socialism will not come from internal reforms. Neither will it be any closer with Britain's withdrawal from the EU. Breaking with the EU was not the goal , its the break with capitalism. The red wall seats saw this, they were not the racist xenophobes the liberal remain camp extolled them to be, they just wanted fairness. I will say though that the far right did indeed play on peoples fears about immigration and Farage's disgusting poster may have been pivotal in gaining the small percentage of racist halfwits.
Remain fucked up because of the arrogant notion that capitalism knows best, they never challenged the status quo.