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In

Of course I prefer that the UK stay in the European Union. The economic arguments are compelling, both for Brits and for Americans. Britain is clearly much better off today than it was when it joined the EU in 1973. Its economic future outside the EU is highly uncertain, causing stock markets worldwide to tremble until yesterday. Then they strengthened in response to indications the “remain” camp might win. A lot of US companies are established in Great Britain. Leaving would reduce trans-Atlantic trade and investment, hinder London’s role as a financial hub, reduce British and American access to European markets and hurt the fragile European recovery now just barely beginning.

But none of that has mattered much. Instead the “leave” campaign has gained momentum as a largely a populist rebellion against immigration, European bureaucrats and British (principally English) identity. Many Brits want out despite the economic arguments. The parallels to Donald Trump’s successful campaign for the Republican presidential nomination are all to obvious.

I hope the parallel does not end there. Trump’s effort so far is clearly a minority one. Assuming the polls are correct, the US election if held today would end in a landslide victory for Hillary Clinton, despite all the heavy baggage she carries. Great Britain will do the world, and the American election campaign, a great deal of good if it rejects “leave,” which has run a campaign only slightly less objectionable than Trump’s. The murder of “remain” parliamentarian Jo Cox cannot be pinned on the campaign itself, but it betrays the level of division and violence associated with this referendum. By the same token, if “leave” wins, it will put wind in Trump’s sails.

Both “leave” and Trump are drawing on a reservoir of resentment from globalization’s losers. They are protesting, loudly, and all too often with good reason: many have not seen an increase in wages for 20 years. Some blame that on trade agreements, immigration or people whose skin is not “white.” The real reasons are often tax policies that favor wealthy real estate investors like Donald Trump, lack of appropriate education to take on the new jobs globalization has created, the union-breaking Ronald Reagan and Margaret Thatcher initiated, and a dearth of retraining opportunities or desire to exploit those that exist.

Ironically, a “leave” win will likely lead to at least one other “leave” vote. Most Scots are far more comfortable with Brussels Eurocrats than the English are. The First Minister has already indicated that Scotland will conduct another referendum on leaving Great Britain if Great Britain votes to leave the EU. Northern Ireland can’t be expected to follow suit, but what about Wales?

And what about other EU countries? We can expect several of them to want to follow Britain’s lead, which will mean a very hard line against concessions in the two years of departure negotiations that would follow the referendum. Germany and France in particular will be hard over not to make departure easy for Britain, in hopes of discouraging other members from following suit. Not to mention Spain, which faces a possible secession of Catalonia.

Nothing could please Vladimir Putin more than to watch the Europe that has united with the US in imposing sanctions in response to Moscow’s aggression in Ukraine, in particular on the basis of a referendum, since that is the meretricious device he used in Crimea. Never mind the possibility that parts of the Russian Federation might want to follow the precedent. Putin knows well how to deal with that, as he demonstrated in putting down the Chechnya rebellion.

So “out” is bad for the US and bad for the rest of Europe. It is good for Trump and Putin. That is enough reason for me to want the United Kingdom to remain “in.”