Boris Johnson and Dominic Cummings have plans to substantially change the British government, but they may be derailed by a credit crisis and global recession. From Alasdair Macleod at mises.org:
Boris and the Conservatives won the General Election with a very good majority. In truth, opposition parties stood little chance of success against the Tory strategists, who controlled the narrative despite a hostile media. At the centre of their slick operation was Dominic Cummings, who masterminded the Brexit leave vote, winning the referendum against all the betting in 2016. It was Cummings who arranged for the Tory Remainers to fall on their swords, which by removing the whip reduced the Tory ranks, making them appear vulnerable enough for the opposition parties to tear up the requirement for a supermajority and vote for a general election.
It was straight out of Sun Tzu’s playbook: “All men can see these tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved.” The way the Remainers were removed was both brutal and public. On September 3, fifteen of them went for a meeting in Downing Street, obviously convinced, with Johnson only having a parliamentary majority of one, that they were in a very strong position to negotiate either for a second referendum or Brexit in name only. Dismissing them, Cummings was blunt to the point of rudeness: “I don’t know who any of you are.” And they left with nothing.
A hard Brexit might be in both Macron’s and Johnson’s interests. From Tom Luongo at tomluongo.me:
Something odd is happening with Brexit. It looks like Prime Minister Boris Johnson is pushing for a hard Brexit much to my surprise.
Johnson’s strong showing in the recent election which secured the Tories its biggest majority since the days of Margaret Thatcher should have set the stage for the great Brexit bait and switch.
This has been my argument for months since Johnson became the front-runner to replace Theresa May. All Johnson had to do was manipulate events to get a majority which marginalizes the hard Brexiteers of the European Research Group (ERG).
Then he could undermine Brexit by giving back all the concessions during his subsequent negotiations with the EU over a trade deal.
This analysis should have been the correct one given the staunch opposition by the political elite in the U.K. to Brexit.
What scares the piss out of Eurocrats is that Great Britain leaves the EU and flourishes, which would give a lot of other countries ideas. Secessionist movements are to be welcomed and embraced. From Alasdair Macleod at goldmoney.com:
Brexit will be done by the end of next month, when trade negotiations with the EU will begin. Importantly, Britain’s negotiating position has strengthened immeasurably, and the new government is not afraid to use it.
This Conservative government has a greater sense of political and economic direction than Britain has seen in a long time. Unbeknown to the public, not only will the establishment that obstructed Brexit be side-lined, but a slimmed-down post-Brexit cabinet through a network of special advisers lead by Dominic Cummings will revolutionise central government, reducing bureaucracy and refocusing resources on public service objectives instead of wasted on process.
But there is a dichotomy. While both the government and the new intake of MPs lean towards free markets, Cummings and Johnson will increase government intervention to secure their electoral advantage for the future, and to ensure a planned outcome in a world which in following decades will be dominated by new large Asian economies.
There are two wildcards which could trip the new government up. In the coming months there will almost certainly be a global credit and systemic crisis, which will have a profound impact on trade negotiations. And as far as we can tell, while this government is undoubtedly in favour of small government and free trade, there is no evidence it understands a cohesive theory of money and credit.
As in the US, the silent majority in the UK don’t much like extreme leftist economics. That could be because they don’t work, could it? From Daniel Lacalle at dlacalle.com:
The results of the UK elections have shown something that I have commented on several occasions: The widely spread narrative that British citizens had regretted having voted for Brexit was simply incorrect.
We already had the evidence in the European elections, where the Brexit Party won with 31.6% of the votes, but the general elections have been even clearer. The Conservative Party won by an absolute majority (more than 360 seats and 43.6% of the votes).
The failure of Labour’s radicalism led by Jeremy Corbyn has been spectacular, and his interventionist messages, reminiscent of the terrible Harold Wilson period, added to his vague stance on Brexit and how to finance his promises of “everything free at any cost” have led the party to its worst results since 1935 and losing key seats in constituencies that always voted Labour since 1945.
The next big question is what kind of Brexit deal Boris Johnson cuts with the EU. From Tom Luongo at tomluongo.me:
Boris Johnson finally cut the Gordian knot of British politics. With the massive victory in Thursday’s election Johnson ensured his Withdrawal Treaty will make it through the House of Commons and deliver some version of Brexit in the future.
The win was so big it was an embarrassment to those who obstructed Brexit for the past three years. Of particular delight was watching Jo Swinson, leader of the Liberal Democrats, lose her seat after betting the party’s future on revoking Article 50.
This one fact is more emblematic of the Westminster bubble politicos in the U.K. live in more than any other. Swinson seriously underestimated two things.
First there was the British people’s resolve to have their voice heard through the ballot box.
Second was the political acumen of Nigel Farage, leader of the Brexit Party. Farage stood down his candidates in seats the Tories won in 2017 to ensure Swinson and her traitorous manifesto was knee-capped.
She went from someone angling to become Prime Minister to yesterday’s news in six weeks. Quite an accomplishment, actually.
Caitlin Johnstone does great work exposing and commenting upon the depredations of government. However, her sympathies are apparently with the leftists and socialists, which means either that she believes in still more government, or perhaps governments stocked with the “right” people. Both are pipe dreams if she thinks they’re going to improve the lives of the average people for whom she purports to speak. There’s no disputing that Jeremy Corbyn didn’t receive fair treatment from the British press and the powers that be, but even if nobody had said a bad word about him he never had a chance against Boris Johnson this election, especially with his straddle on Brexit. Sometimes people vote against people who want to “solve” their problems through government, usually when they’re well and rightly sick of the government they already have. From Johnstone at medium.com:
Ladies and gentlemen I have here at my fingertips indisputable proof that egregious election meddling took place in the United Kingdom on Thursday.
Before you get all excited, no, it wasn’t the Russians. It wasn’t the Chinese, the Iranians, Cobra Command or the Legion of Doom. I’m not going to get any Rachel Maddow-sized paychecks for revealing this evidence to you, nor am I going to draw in millions of credulous viewers waiting with bated breath for a bombshell revelation of an international conspiracy that will invalidate the results of the election.
In fact, hardly anyone will even care.
Hardly anyone will care because this election interference has been happening right out in the open, and was perfectly legal. And nobody will suffer any consequences for it.
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