Taking an… Archimedean perspective, our failure is fragrant of the overarching progressive forces’ failure to harness the anti-establishment rage caused by two simple facts:
For forty years now 80% of the people are being taken to the cleaners 95% of the time by the most privileged 20%
For thirty years now 30% of the people are being treated like discarded persons whose opinions do not matter, squeezed out of influence by the tyranny of the shifting median voter.
Want to know why Brexit won? UK (read American) government statistics reveal that over a period of 13 years, the median British (read American) voter suffered a fall in real incomes after taking into account housing costs. To paraphrase Bill Clinton, “It is the austerity, stupid!”
“Misery acquaints a man with strange bedfellows”. It’s not an accident that this is a line from the Tempest. Our Tempest today takes the form of a political shake up that the world has not seen since the 1930s. A Great Deflation is now gripping both sides of the Atlantic, re-kindling political forces that had been dormant since the 1930s. I have news for you: Just like no UK (read American) government can stem climate change on its own, no UK (read American) government can address this Great Deflation breeding the Great Discontent.