Shame that he’s one of the ones who plowed, sowed and fertilized the field were anti-EU populism grew strong.
His was the usual “magical” thinking of technocratic neoliberals in Finance who grew up in stable Democracies - the idea that you can Financially and Economically tilt the field as much as you want to favor a handful of people whilst disfavoring the majority and there will be no consequences outside of Finance & Economics (which they control).
This was quite a widespread way of thinking back then amongst Finance and Political circles in Britain - the idea that in Democracy control over Economics was the same as total control.
The reality was of course quite different: the pain suffered by the many as a result of the decision that Asset Owners should be saved using Austerity for the rest to pay for it, generated a social and political pushback which the Far-Right and the section of the very rich who funded such parties (many of whom also owned tabloids pushing such ideas) skillfully redirected towards anti-immigration and anti-EU feelings, which in turn ended up causing Brexit.
Similar things happened all over Europe, but because Britain was already thoroughly subverted by far-right tabloids and had a stronger and deeper Austerity than the rest (thanks in part to Mr Carney) there it happened sooner and harder, plus the results from Brexit were a warning to the rest of Europe and as the public opinion in the rest of Europe quickly turned against the idea of referendums on leaving the EU after seeing the shit show in Britain, the Far-Right parties there quickly shut up with their previous anti-EU rhetoric, so things haven’t become quite the shit shot as in Britain, though we did see the Far Right growing following the political and Economic choices made after the Crash, which were along similar lines as those in Britain in the Eurozone too, just not quite as nasty in most of it (with the notable exception of Greece, which was made to suffer to save German and French banks).
Just because Democracies don’t tend to end in Revolution, doesn’t mean that pain inflicted through Economic means doesn’t end up generating some kind of social and political pushback.
Oh yeah, I remember that.
Shame that he’s one of the ones who plowed, sowed and fertilized the field were anti-EU populism grew strong.
His was the usual “magical” thinking of technocratic neoliberals in Finance who grew up in stable Democracies - the idea that you can Financially and Economically tilt the field as much as you want to favor a handful of people whilst disfavoring the majority and there will be no consequences outside of Finance & Economics (which they control).
This was quite a widespread way of thinking back then amongst Finance and Political circles in Britain - the idea that in Democracy control over Economics was the same as total control.
The reality was of course quite different: the pain suffered by the many as a result of the decision that Asset Owners should be saved using Austerity for the rest to pay for it, generated a social and political pushback which the Far-Right and the section of the very rich who funded such parties (many of whom also owned tabloids pushing such ideas) skillfully redirected towards anti-immigration and anti-EU feelings, which in turn ended up causing Brexit.
Similar things happened all over Europe, but because Britain was already thoroughly subverted by far-right tabloids and had a stronger and deeper Austerity than the rest (thanks in part to Mr Carney) there it happened sooner and harder, plus the results from Brexit were a warning to the rest of Europe and as the public opinion in the rest of Europe quickly turned against the idea of referendums on leaving the EU after seeing the shit show in Britain, the Far-Right parties there quickly shut up with their previous anti-EU rhetoric, so things haven’t become quite the shit shot as in Britain, though we did see the Far Right growing following the political and Economic choices made after the Crash, which were along similar lines as those in Britain in the Eurozone too, just not quite as nasty in most of it (with the notable exception of Greece, which was made to suffer to save German and French banks).
Just because Democracies don’t tend to end in Revolution, doesn’t mean that pain inflicted through Economic means doesn’t end up generating some kind of social and political pushback.