06 December 2016

On the Record | Government Is the Cause of “Brexit-Trump Syndrome”

Please see my latest post for the Quarterly Review, ‘Government Is the Cause of “Brexit-Trump Syndrome”’:

The Powers That Be never fail to demonstrate why they have earned the enmity of the average citizen. Bound up in a cocoon of self-satisfaction and self-denial, their political coup de grâce cannot come soon enough. This self-important élite are flummoxed by the people’s revolt in Britain and America, known respectively as Brexit and the Trump movement. A recent column dispatched from the prestigious London School of Economics and Political Science amply displays their continuing bewilderment.

Coining the term ‘Brexit-Trump Syndrome’, British academics Michael Jacobs and Mariana Mazzucato claim that an inability to understand economic reality explains why average working-class citizens, who suffered lost jobs and wages and failed to bounce back from the Global Financial Crisis of 2007-09 (despite billions spent in stimulus schemes), voted either to exit the European Union or put Donald Trump in the White House. Both described as ‘disastrous’ socio-economic choices. The implications drawn are that people were duped into voting against their financial interests. Au contraire.

To counter such continuing nostrums leading to government and economic failure, there is no better guide forward to liberty and prosperity than John Stuart Mill.

Read more . . .

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My thanks to editor Dr Leslie Jones of the Quarterly Review.