The DOW went up nearly 300 points today. I guess "the beginning of the destruction of not only the EU but Western political civilization in its entirety” that Brexit was supposed to have caused, and the "most significant political risk the world has experienced since the Cuban Missile Crisis" will have to wait.

It's funny. I thought hyperbole was supposed to be something to be avoided because it might unnecessarily upset the market. Something else that never gets asked by the media is, “Why does the UK leaving the EU necessitate a global or UK financial meltdown?”
The answer is simple: it doesn't.

One thing you can count on, if things do eventually melt down, the neoliberal globalists now have a scapegoat to hide their incompetence - you.

Only because the establishment has hitched our economic destinies to the whims of financial markets is there any need to worry that Brexit might trigger yet another global meltdown. Only because the establishment failed to implement prudent, financial regulation in the seven years since the last financial crisis crashed the global economy is there any danger today. Only because the Cameron government and the European Commission responded to the Great Recession with counterproductive fiscal austerity is a return to deeper recession in Europe quite probable. But we can be sure of one thing: All negative economic trends will now be blamed on Brexit and the populist “mob” who brought it on, rather than on the establishment’s neoliberal policies which are actually responsible.

Labour Party MPs voted 172 to 40 in a no-confidence vote against party leader Jeremy Corbyn today.
Corbyn has not agreed to resign because Labour Party rules do not require it of him.
The criticism of Corbyn is that he "didn't try hard enough" to endorse a Torie-sponsored, losing measure that was rejected by Britain's working class. Which is absolutely bizarre logic if you think about it in simple party politics.
Corbyn is solidly backed by unions and rank-and-file members. So this move by the MPs can rightly be considered a coup.

Labour MPs do not just want to oust a leader with massive support among party members. They have hamstrung him from the outset so that he could not lead the political revolution members elected him to begin. And now he is being made to pay the price because he privately backs a position that, as the referendum has just shown, has majority support.

Most liberal and progressives quickly lined up against the xenophobic and reactionary forces that pushed through Brexit. That part made sense.
What didn't make sense is who they lined up alongside with.

The most reactionary side has won. But what was the other side ever about? Why did the progressive voices of Britain―and much of Europe as a whole―largely uncritically align themselves with the likes of David Cameron, Martin Schulz and all those Heroes of the People?

Sure Nigel Farage is not someone you want to be associated with, but is David Cameron really that much better? Or the same Germans who obliterated the welfare state in Greece?
This side of the coin rarely comes up in conversations.

Perhaps the ugliest part of the liberal and progressive reaction is the way they rejected the Brexit vote.

There is already the smirking suggestion that any vote going against the establishment will be declared void, that Britain will “do a Tsipras” and chose to simply ignore what happened. What shocks and saddens me the most is that the liberal and progressive forces in the country are already quick to line themselves behind this suggestion, unable to understand the colossal disregard of popular opinion it presumes and demands.

Distrusting and rejecting popular will has always been the domain of the wealthy, right-wing elite until now. And for what? Is fighting a initiative, supported by the working class and rejected by the globalist financial elite, really something you want to sacrifice a sacred value for?
You can't come back from rejecting democracy. You can't pick and chose what you will accept and call it democracy.
Once you've taken that step, it is over. There is no coming back.
Or as Matt Taibbi put it:

My admittedly primitive understanding of democracy is that we're supposed to move toward it, not away from it, in a moment of crisis....
If you think there's ever such a thing as "too much democracy," you probably never believed in it in the first place. And even low-Information voters can sense it.

A good example of this "new progressive" side can be found in this New Yorker article, called "A Perilous Nationalism at Brexit".
Now I've never been a fan of nationalism, but I find it ironic that these liberals can be threatened by nationalism when people vote against Globalism. Yet they don't see the dangers of nationalism when it comes to hyping it for war.

Bernie Sanders gets it.

Surprise, surprise. Workers in Britain, many of whom have seen a decline in their standard of living while the very rich in their country have become much richer, have turned their backs on the European Union and a globalized economy that is failing them and their children.