On a pure political, systemic level, that view is fine. But don't blinker yourself to the obvious truth that results like this and the rise of imbeciles of people like Trump (and who their support base are) reveal. The stupid, uneducated and older crowd as an electorate (not every single one of these people are nasty, obviously) have a tendency to be nasty, reactionary, minority-hating, illiberal, and unwilling to see past their own noses. In terms of resources especially, their motto appears to be to steal as much as they can from the young and just leave them to deal with the social, environmental and economic costs in the future. You can interpret the Brexit result as simply majoritarianism in action but I think it can be quite plausibly argued that this is just yet another manifestation of the nasty and abhorrent personal ethics of a lot of this electorate.
Jeez, don't hold back on the sweeping generalisations.
We agree yet again! :-)