Showing posts with label Political Economy. Show all posts
Showing posts with label Political Economy. Show all posts

12 June 2017

How Is the Anglosphere Voting?

Both big Anglosphere countries, the United States and the United Kingdom, have held a national election within less than twelve months. The United Kingdom also conducted a national referndum within this time frame, which may have a significant bearing on the future direction of the Anglosphere. I thought it would be of interest to take stock of what these and other recent national elections might tell us about where the Anglosphere is going.

First, let's construct a simple working definition of the Anglosphere, for this purpose. I am going to define it as follows:

'An Anglosphere country a) speaks English as an official (or dominant administrative) language; b) uses a legal system rooted in English common law; and c) either contains significant settlement from the British (or Western) Isles, or has Queen Elizabeth and her heirs and successors as head of state.'

Also, for the purposes of this post, I am excluding all countries with a population under a million, and Papua New Guinea, the latter because I don't know much about its politics. (I am already stretching my knowledge far beyond what I normally would do in these posts.) Another qualification for inclusion here is that the election must have occurred since 7 September 2013, when an Australian Federal Election removed the last surviving pre-Global Financial Crisis government in the Anglosphere, when the Australian Labor Party lost power.

That gives us, going chronologically, the following elections:

New Zealand    20 September 2014 right-of-centre incumbent won
United Kingdom  7 May 2015 right-of-centre incumbent won
Canada         19 October 2015, centrist opposition won
Jamaica        25 February 2016, right-of-centre oppostion won
United Kingdom 23 June 2016 populist nationalist victory in referendum
Australia       2 July 2016 right-of-centre incumbent won
United States   9 November 2016 populist nationalist opposition won
United Kingdom  8 June 2017 right-of-centre incumbent lost

New Zealand is due an election in September, but otherwise the pattern for Anglosphere governance is set for the next couple of years. The cycle will probably resume again with either an Australian or a Canadian election in 2019, depending on who goes first. The overall trend is fairly clear. After Barack Obama did nothing to the bankers, there has been little appetite for left-of-centre solutions to the fallout from the global financial crisis.

However, the elections since the Canadian election in October 2015 have suggested that voters are fed-up with budget cuts and jobless recoveries. In Canada, Justin Trudeau won by promising more economic growth. In Jamaica, Andrew Holness proposed unleashing the power of the market in place of IMF mandated austerity. The hair-shirt economics of Malcolm Turnbull's government was rebuffed in Australia, although the governing Liberal-National coalition still clung (by one seat) to a majority in the House of Representatives. Trump followed Holness in proposing that a government of American business leaders could transform the country and restore jobs that went missing after 2008.

Last Thursday's UK general election has continued this trend. It's fairly clear that the promise of more money for social welfare struck a chord with enough of the voters to dispell convincingly the prediction that Labour under Jeremy Corbyn was a runaway train back to 1970s-style stagflation.

Reading analyses of the voting, like Robert Ford's piece in The Guardian, suggests that Labour mobilised two distinct and apparently irreconcilable groups -- (a) social-democratic Leave voters and (b) Remainers seeking to block Theresa May's 'hard Brexit, if we must, but Brexit at all costs' approach. The latter may have reason to be happier than the former, and it is hard to regard this coalition as a stable one.

It does appear that hard-line Leavers, of any social class, have turned to the Conservative party. The Conservatives are shameless enough to shake the magic money tree in order to rob Labour of the social-democratic Leavers, at the same time as they are alienated by Remainers trying hard to push Labour in a 'stop Brexit' direction.

Having noted that, the one thing to be sure about is that events will render everything I have written here out-of-date sooner or later. There are too many variables in play -- the global growth picture is not good, the attitude of the EU27 is going to play an important role in shaping public opinion in the United Kingdom, radical Islamic terrorist attacks could change the popular mood.

However, all the Anglosphere polities should note that at present if you want to get elected the time has come to set aside expressions like 'magic money tree' and talk about how your election is going to secure jobs and a social safety net people can believe in. The mass of people have reached the limit of reducing expectations to deal with the Global Financial Crisis.

30 May 2017

Andrew Scheer's Social Conservatives

Looking at an article about the recent leadership election election for the Conservative Party of Canada, it's interesting to see that a significant number of the votes for the 'social conservative' candidates came from the Greater Toronto Area, specifically the separate city of Mississauga (where the airport is) and the visible minority bastion of Scarborough, a suburban district on the opposite side of Toronto from Mississauga. (Mississauga also has a visible minority majority.)

The Canadian obsession with America's navel is a problem, I think, in understanding what is going on. In their haste to identify Canada's Trump (Kellie Leitch! Kevin O'Leary!), they overlooked that while there might be Trump voters in Canada, there isn't an actual Trump, so the coalition Trump assembled is more diffuse and, at its root different, because Canada is a different country

While all the focus has been on rural voters in the United States coming out in bigger numbers, and urban voters in smaller ones (the exchange that cost Hillary Clinton the election), the real battleground remains the suburbs. The Clinton campaign was geared to detaching Republican women voters from the Trump candidacy. It failed. The Andrew Scheer campaign was geared to the election-winning formula deployed by Stephen Harper, of not doing too much for any faction that would be costly in terms of potential voters. It succeeded. In both cases the suburban voter was the target.

Suburban interests have carried the greatest weight in politics in the Anglosphere for many decades now, at least since the late 1960s. Despite the 'revival' of urban living in the last couple of decades, there is no indication that in national elections the political calculus has changed. However, it is possible that governing has. But that's another topic.

03 February 2015

Maggie's Draws

In one small corner of the Internet, I am notorious for my opinion of 'the dreadful Mrs Thatcher'. Thanks to the magic of retweets, I find there is a Twitter account commemorating the fortieth anniversary of the election of Lady Thatcher to the leadership of the Conservative party. Several of the tweets reproduce excerpts from the newspapers of the time. I have copied two of these below.
The first is from the Sunday Times, and the second is by the Sunday Telegraph's Peregrine Worsthorne, a particular favourite of mine.*

What is striking from both these excerpts is how Mrs Thatcher is seen as something different, someone who represents a break with the past. Events would prove both of these comments prescient, but I think Worsthorne does a better job of capturing that difference than the Sunday Times' writer. One wants to fall off one's chair reading that prior to Mrs Thatcher the Tories were not 'a class party'. Throughout their history, the Conservatives have been the very definition of a 'class party' — the class being the people who own the country. But the clue there as to Thatcher's real significance is in that comment 'to rebuild the...position of the middle classes'. The fact is, the mischievous 1970s in Britain had much to do with different sectors of British society demanding to maintain, in TradeUnionSpeak, 'differentials'. The skilled workers believed they deserved more than the unskilled. The accountants and sales directors believed they were entitled to more than the skilled workers. The idea that your 'value' in wages depended on the colour of your collar was at the root of Mrs Thatcher's appeal.

And that leads naturally on to Worsthorne's comment. He refers to Sir Keith Joseph, who was the first well-known politician to present the monetarist ideas of Milton Friedman to the British voters. Worsthorne uses those words that should have been fatal to any person running for the leadership of the Conservative party, that the party leader would be a 'liberal' in the old-fashioned sense of that word. The Conservative party was rooted in the idea of being the natural leader of the country as a whole, balancing the interests of the other classes while preserving an institutional structure that dated back at least as far as the Glorious Revolution of 1688 and its accompanying ideology of 'English liberty'. For Lady Thatcher, and her éminence grise, the equally dreadful Rupert Murdoch, the old establishment had lost the will to confront the enemies of those who own the country. People needed to be judged by their individual achievements in mobilising the resources of a market economy to become a good earner, not by their location in a social order that sought to control change. If the establishment's institutions got in the way of this battle between the market and its enemies, they must be put down from their seats. The previously humble, at least those who showed the gumption to get on in life under a free-market economy, would be exalted now.

For people like me, who admired that institutional structure that had seen Britain to victory in two world wars and had both started and accommodated a welfare state that indeed had reduced 'differentials', Lady Thatcher's years in government were to be a profound disappointment. But, even for those who hoped the unleashing of enterprise would lead to revitalised British economy and a classless meritocracy, Britain forty years on must seem to have failed the liberalising spirit that Lady Thatcher promised in 1975. I do hope @thatchersrise will continue the story at least up to 1979, so people can compare ambition with results, and join me in seeing in hindsight that Lady Thatcher's legacy of failure was present at her creation.

______

* I saw him in 1996 with some of his acquaintances at the Renoir cinema near Russell Square in London. For the second time in my life I found myself a few feet from a writer who had given me great pleasure over the years, and declined to go over and offer my compliments. I feel bad about these missed opportunities.

08 April 2014

Adam Smith, 'Marxist' (or Karl Marx, 'Smithist')

I was reading an article from The Atlantic that used some of the splendid tools that Google has made available to researchers to trace the beginnings of the word 'liberal', as a word conveying a political philosophy.

In it, I came across the following:

If all nations, Smith says, were to follow “the liberal system of free exportation and free importation,” then they would be like one great cosmopolitan empire, and famines would be prevented.
The Smith referred to is one of the founding figures of what might be called 'Anglosphere Ideology', Adam Smith.

What struck me, though, was the idea of internationalism expressed here. Marx argued that the working class must think globally if it was to carry out its inevitable task of supplanting the capitalism. Smith seems to be arguing the same for the capitalist class to accomplish his liberal agenda.

Think about this for a moment. In 1774, 'nations' and their borders were still somewhat protean concepts compared to what they would become in short order. Most people in Europe (and the Americas), in fact, were loyal to a structure under which nationality was represented by a specific individual. Borders simply marked the limits of this individual's authority, and the point where the authority of another individual reigned. Smith is envisioning a world where the ability of that individual (and the associated administrative structure) to reward and deny on the basis of preference will be severely restricted. 'All that is solid melts into air' indeed.

The capitalists in fact succeeded in subverting their contemporary structures of authority to establish their 'dictatorship' over the way societies are organised. I imagine Marx looking on the world today from the Valhalla of Political Economists rather grimly while at the other end of the banqueting table Adam Smith has a broad smirk of self-satisfaction.