Amartya Sen in New Statesman:
It cannot be said that the European Union is doing particularly well at this time. Its economic performance has been mostly terrible, with high unemployment and low economic expansion, and the political union itself is showing many signs of fragility. It is not hard to understand the temptation of many in Britain to call it a day and “go home”. And yet it would be a huge mistake for Britain to leave the EU. The losses would be great, and the gains quite puny. And the “home” to go back to no longer exists in the way it did when Britannia ruled the waves.
…The proposal of Brexit is born out of panic, and it is as important to see that the reasoning behind the panic is hasty and weak as it is to recognise that wisdom is rarely born of fright. In his Nexus Lecture, called “The Idea of Europe”, given a dozen years ago, George Steiner wondered about the prospects for Europe playing a leadership role in the pursuit of humanism in the world. He argued: “If it can purge itself of its own dark heritage, by confronting that heritage unflinchingly, the Europe of Montaigne and Erasmus, of Voltaire and Immanuel Kant may, once again, give guidance.” Brexit would certainly be a bad economic move, but the threat that it carries is very much larger than that.