There was a case to be made for that. It is pretty politically impossible now, because it wasn't then.
This might be the case if the referendum was about leaving the EU after a decade or so of negotiations, where people would know what they were buying and when it was clear the majority of the electorate has had the time to think and rethink several times over.
In other words, if it was about joining the EU, as a conclusion of a long and democratic process, this would be sufficient. But relying on a single point - closely contended with no clear victory for either side - for a decision of this magnitude can't be called democratic, or legitimate.
Different decisions need to clear different bars to pass to be called legitimate. Leaving the EU has a higher bar than, say, whether Scotland should have it's own parliament with some powers of varying taxes.
McHrozni
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