By Fareed Zakaria

As we watch Britain going through the paroxysms relating to Brexit, it is easy to view its decision to leave the European Union as an act of foolishness, a self-inflicted wound that will impoverish Britons for years to come. Europe is Britain’s largest market, taking in almost half of the country’s exports. Losing special access to it is a high price to pay for some symbolic gains in sovereignty.

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