It is becoming clear to anyone with
even a modicum of political insight that London remains the epicenter when
considering the mounting challenges enveloping the continent. Every night for over a week,
Islamists continue their nightly rampage through Jewish towns in London’s Stamford Hill-Golders Green section.
The government does nothing.
May’s Premiership is dysfunctional
and the neoliberal model that characterized so much of England’s economic
success is no longer. We’re in terra
incognita; an edge vaunting toward collapse that aggravates polities.
By any measure, we’re in for a long hard slog.
While London burns, it remains
deeply divided over how best to address its self-inflicted wounds.
British socialists throughout either chamber cannot acknowledge
Thatcher’s achievements, for they never believed in market based solutions or
privatization, deregulation or tax reduction. The fatal conceit continues
all the same. Not even having London remain the center of globalization
provides relief. Who will emerge to master England’s terra incognita? Theresa
May?
By any sound recapitulation, the
Keynesian demand side ideology isn’t working either. England’s welfare
state is growing more militant while ever larger government led credit schemes
falter to deliver growth. One cannot look to trade unionism nor to
industrial strategies for relief. Does anyone believe that George Osborne
will rise?
We should remember that in 1976
England was in IMF receivership given the ideological paralysis of its
governing parties. Thatcher’s aspirational
conservatism was real as was her Soviet threat, both domestic and
continental. Certainly London can find the
fortitude to press on, right?
What has come to pass for England is
political misjudgment. The impasse isn’t without precedent, however, no
one wants a history lesson; but how is England to embrace what its governing
majority openly repudiates. The fact is no policy short of economic revolution
can save England. Here’s why.
Tories have been ambivalent and
divided over continental aims for over a generation. The division toppled
Thatcher, destroyed her successor named John Major and permanently
weakened New Labor. As of today,
the breech is mended because the Euro-skeptics have
won. Tories who abandoned Cameron for the independence movement have
returned, so why the mess?
The answer is discerned in viewing
last weeks election as a referendum expressing public sentiment. We’re
living in a post-Cameron order now. This is characterized as simple anger
at the status quo embodied in failed neoliberalism.
The financial crisis undermined the
public’s faith in governing institutions. No one can tell if we’re looking at a
leveling of an old political landscape or a plausible birth of a new one.
Before anyone begins thinking in
terms of a new order, remember what faces England now is the imposition of
public order, the immediate reduction of economic malaise, raging Islamists and
Brexit. The outcome of how she manages will foretell British future. Get
ready for a partial reprise of the ’70’s.
William
Holland a geopolitical analyst & North American recruiter for Wikistrat,
specializing in monitoring the nuclear posture of the Indian-Pakistani rivalry.
http://affluentinvestor.com/2017/06/fault-lines-europe-run-london/
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