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And Sunak is also seen as a centrist technocrat, meaning representing everything that Brexitarian voters rejected. Paradox

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I don't see how a hypothetical future party could be populist, nationalist but also "very free-market" at the same time. The populist and nationalist parts would strenuously insist on trade protectionism and "us first" policies that are the antithesis of free-market economics.

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What is most interesting about this entire affair is that Truss' fall, with its dramatic overtones of Shakespeare as well as Oscar Wilde, is more importantly about the decay of global "Conservatism" into fantasy economics and overt, thuggish plutocracy; and its wide, public exposure as such.

Conservatism in Britain is now experiencing its own kind of PR-coronavirus, with a pandemic-level spread to an ignominious end, as the malady peters out.. The disease started in the Thatcherite, libertarian think tanks that parallel those in the United States, where billionaires and wealthy corporate interests quietly fund the development and faux-justification of public policies that in effect promote their own interests, regardless of those of the majority of citizens. They use allegedly-charitable contributions to fund this effort with money that they would otherwise pay in taxes. And like a religion, they find talented converts who are more than happy to take the money for serving as the brain trust of the faith--its carriers--presenting it to the world with the articulate cleverness of a profitable ministry.

Their mistake was to eventually come to believe their own bull manure. What used to be a straight-on, obvious scam became an ideology that its perpetrators came to believe was actually true. And because they over-reached, with the groundless confidence of zealots, they collapsed the credibility of the whole enterprise.

The scam works best for its carriers when few take them seriously but the "donors" keep the money coming in anyway, as an investment in a future pay-off. And it continues to work when those who suffer under plutocratic policies have insufficient economic and political power to effectively resist. But when the level of the manure starts to envelop the lives of not just more and more of the population but the more affluent part of it, the scam starts to unravel.

That's the part of the disease I look forward to having spread to America.

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What is most interesting about this entire affair is that Truss' fall, with its dramatic overtones of Shakespeare as well as Oscar Wilde, is more importantly about the decay of global "Conservatism" into fantasy economics and overt, thuggish plutocracy; and its wide, public exposure as such.

Conservatism in Britain is now experiencing its own kind of PR-coronavirus, with a pandemic-level spread to an ignominious end, as the malady peters out.. The disease started in the Thatcherite, libertarian think tanks that parallel those in the United States, where billionaires and wealthy corporate interests quietly fund the development and faux-justification of public policies that in effect promote their own interests, regardless of those of the majority of citizens. They use allegedly-charitable contributions to fund this effort with money that they would otherwise pay in taxes. And like a religion, they find talented converts who are more than happy to take the money for serving as the brain trust of the faith--its carriers--presenting it to the world with the articulate cleverness of a profitable ministry.

Their mistake was to eventually come to believe their own bull manure. What used to be a straight-on, obvious scam became an ideology that its perpetrators came to believe was actually true. And because they over-reached, with the groundless confidence of zealots, they collapsed the credibility of the whole enterprise.

The scam works best for its carriers when few take them seriously but the "donors" keep the money coming in anyway, as an investment in a future pay-off. And it continues to work when those who suffer under plutocratic policies have insufficient economic and political power to effectively resist. But when the level of the manure starts to envelop the lives of not just more and more of the population but the more affluent part of it, the scam starts to unravel.

That's the part of the disease I look forward to having spread to America.

Expand full comment