Admittedly, I don’t know much about Brexit, but from what I have been exposed to, it seems like a decisively economical and political impairment that made travel and business with the rest of Europe more difficult and costly. Since it is so highly criticized as a terrible move, why doesn’t the UK just rejoin the EU?
I disagree - on paper sure they would, but at the end of the day the UK is the ≈2nd biggest economy in Europe (UK and France make up 2nd & 3rd and who is bigger changes every couple of years), unlike Georgia or Moldova or whoever else where their joining is barely noticeable.
That means that the EU is more likely to want the UK to join, vs smaller countries wanting to join the EU, although it would be mutually beneficial of course - the UK would likely increase the EU’s power a little more than the EU would increase the UK’s power, but saying that hides the fact that it’d probably be a 10+% increase in both cases.
Of course the EU could make an example of the UK if they were want to rejoin, but if they were to look at it objectively then they’d most likely reach the conclusion that the negatives of making the concessions they made before are far outweighed by the additional collective power of having the UK as a member.
The best outcome for the EU would be to drag their feet and wait a decade for readmittance. Right now companies are moving from the UK to the EU.
This is exactly the mentality that made Brexit come true and the post-Brexit agreements such a mess: “The EU needs the UK more than the other way round!”. Now look at it and tell me who needs whom more?
Neither truly needs the other - both are hurt by Brexit but they’re both getting along ok without the other (although brexit was far softer than people tend to realise - aside from a few very major things the UK is still de facto in a lot of EU institutions, and not including issues caused by Russian invasions)
Making the same concessions and signal to every other country that you can just hop in and out on a whim? Uhhh I have a bridge to sell you if you really believe that.