Waking Up on the Wrong Side of History

Waking Up on the Wrong Side of History, Part V

“The UK is a divided society where the richest receive the lion’s share, leaving crumbs for the rest.” – The Equality Trust I’ve argued that the Remain voters in Britain were mainly looking out for their own economic self-interest, without considering what might be good for the UK. Meanwhile, the supposed lunkheads – the Leave …

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Waking Up on the Wrong Side of History, Part IV

“Brexit changed everything.” – Paul Singer, Elliott Management Corp. My thesis in this group of posts on Brexit is that Leave voters were concerned about four issues: the lack of democracy in the EU, the increasing financialization of the UK economy, the ever-growing mountain of debt that had resulted from globally coordinated central banker policies, and …

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Waking Up on the Wrong Side of History, Part III

“If bankers are busy, something is wrong.” —Walter Bagehot I’ve argued that the Leave vote in the UK was driven by concern about four important issues facing the country: the lack of democracy in the EU, the increasing financialization of the UK economy, the ever-growing mountain of debt that had resulted from globally coordinated central …

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Waking Up on the Wrong Side of History, Part II

The European political elite [has developed] a habit of profound disrespect for public opinion and democratic process – John Plender in the Financial Times In my last post, on Brexit, I argued that the so-called “enlightened” Remain voters in London were, in fact, blinded by their own economic self-interest, while it was the so-called “uneducated, …

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Waking Up on the Wrong Side of History

On Friday morning, June 24, 2016, the entire Euro-American establishment woke up to find that, contrary to their strict instructions, the British had voted to leave the EU. In an effort to ensure that the “Remain” camp would prevail, the establishment had actually threatened voters. UK Chancellor Osborne menacingly warned that if the “Leave” camp …

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