Here’s a thoughtful article from Nick Cohen in the Observer/Guardian, citing the analysis a Harvard scholar. When liberals were in power, they abused economic management and squandered on social policies – this includes the UK’s Labour Party and the Democratic Party in the US. Because of grievances, we have the populism of both the Far Left and the Far Right. Let’s face, the Labour Party is now more Far-Left than socialist and the Conservatives supporting Brexit have swung to Far Right politics. Populist parties ignore the truth – for them the end justifies the means. But surely there is no social and economic justification for liberals to champion the grievances of the ‘left-behind’? Meanwhile, conservatives argue that the left-behind are lazy and not prepared to chase opportunities. Being a one-nation conservative, I believe passionately in self-help, albeit with proper social safety nets for the genuinely needy. Surely, there’s a political imperative to remove laziness from post-Brexit Britain? In the great post-Brexit utopia, the right will expect inherited wealth to come to the rescue and the left will demand social handouts. Surely, governments of populist leaders of both left and right must turn to revolution because the ‘end justifies the means’? Thoughts?
This is a good article from the Spectator. On the back of massive fiscal stimulus from Mr. Trump, US financial markets are still looking very attractive. The only downside is global conflict and potential trade wars. Despite all the bluster from Trump and his friends, they surely don’t want a trade war? The next critical date is May 12 for a decision on Iran‘s compliance to the nuclear deal. Will Trump kick the can down the road yet again?