Regular readers of this blog, as well as followers of my Twitterand Reader feeds, will know that for many months, I have been obsessed by the British general election. Earlier this week, my friend and True/Slant blogger Ethan Epstein chastised American journalists for over-hyping this story at the expense of more significant elections, like the August ouster of the Liberal Democrats in Japan.
To be sure, in their domestic political contexts, the recent Japanese or (I might add) Chilean elections were milestones that deserved better treatment from the media. But from the perspective of U.S. media outlets concerned primarily with American foreign policy, the British election carries weight. Read the rest of this entry »
As some readers of this blog may know, I have a large soft spot for the Watery Isle. I have visited friends and family there roughly once a year for as long as I can remember, and I lived there as a student, twice, in 2003 and 2006-7. So when I comment on events there, I do so with something more than an outsider’s concern. But today, I comment as an American.
Let me explain. Despite all the hoopla about ‘David Cameron the conservative reformer.’ his policies are identical to the Thatcherite Tories of three decades ago. That is, shrinking the size of government through upper-income tax cuts and slashing spending, and focusing what’s left of government on supporting ‘traditional values.’ [Especially egregious is his subtly concealed scheme to cut welfare payments to poor single moms–a group that correlates with immigrants– while increasing the tax breaks to married couples, essentially paying middle-class white women to stay home and have babies. ‘Lie back and think of England,’ much?]
Together, as one journalist has already noted, these add up to a government that helps southern England at the expense of the North: the South is London financiers, Oxbridge academics, doctrinaire Anglicans and well-kept lawns. The North used to be factories, mines, sheep farms, and Protestant dissent, but Thatcherite labor reforms took the Northern economy and culture apart (as globalization necessitated, I admit). The result is that Britain is overly reliant on its financial sector and took a harder hit than most developed nations when the finance world collapsed last year. Granted, New Labour has done a whole lotta nothing to give the de-industrialized North something else to live on, but given that the North remains Labour’s consituency, the chances of Britain’s lack of economic diversity being addressed are much higher with Labour than with the Tories. Especially now that the financial crisis has made it possible for Labour to make a market-based argument for why Britain needs to start doing something besides banking again instead of the old socialist arguments that they rightly left behind 10 years ago.
All of this matters when it comes to understanding the two parties’ attitudes to foreign policy. Read the rest of this entry »
I’m a guest blogger today at one of my favorite sites, Brit political blog Fast Talk Express. The occasion is the one year anniversary and 100th post. (Full disclosure: the Fast Talker is a good friend). In my post I offer up some advice for Labour as it navigates, and looks beyond, the upcoming 2010 elections.
“The conventional wisdom on the failure of Blairite Labour is that, in trying to attract centrists on the old political spectrum, it alienated its traditional base and split the party into sectarian feuds. I believe the failure is better seen along the new political spectrum—Blair positioned Labour in the middle of this new axis, trying to retain the old coalition of economic statists and social progresives, while courting simultaneously defense hawks and free-marketeers. The result was just incoherence.
Instead, Labour should wear its roots proudly as the party of institutions, making the offensive, not the defensive economic and social case for big government as well as big defense when needed. It should not abandon social progressives but it should outshine Cameron in his own professed quest to leave the culture wars be. Instead, Labour should fold social issues under the mantle of government institutions, making the economic arguments in favor of expanding rights, for example, and accepting that conservative social institutions–including big business–sometimes have meaningful contributions to make.”
It is technically premature to call Gordon Brown a dust-biter, but the dismal results from yesterday’s local elections suggest Labour’s days are numbered. Indeed, David Cameron made a good point, for once noting that everyone gathered around their tellies looking for election results couldn’t even get them because the only news story was the flood of cabinet resignations and calls for Brown’s ouster. So far, Brown is hiding behind the loyalty of Darling and Mandelson, but I don’t think it will carry him past mid-summer, if that.
I’ll leave the horse race analysis of how the coup will unfold and who will replace Brown to others, but there’s one point relevant to the paradigm shifts Cappuccino follows. The nail in the coffin for Labour seems to have been the populist uproar over MP’s expenses and the rhetorical space that created for other anti-institutionalist arguments including the Tory rants against European integration and government welfare programs.
The election results thus support my longstanding belief that the real divide in society is between individualists and institutionalists and my hunch that institutionalists are losing that battle so badly and on so many fronts (from the referendum on Europe to Obama’s “new politics” to the collapse of organized media) that we might not rise to fight again.
Now that (hopefully) your election-induced hangover has subsided, let me break some news: for all the symbolic resonance of Obama’s victory, there is more ideologically at stake across the pond in the British general elections, due to materialize by the end of 2010. Read the rest of this entry »
Gordon Brown may have saved the world economy. Whether he can save his own career is still an unknown:
Last week, Brown unveiled his plan to combat the credit crisis: a transfusion of capital into UK banks in exchange for stakeholding rights, new requirements on lending practices, and government guarantees on inter-bank loans. Watch him explain the plan here. After a month of US and European governments waffling over the correct measures to take, after an American bailout package that passed but remains unpopular and unimplemented, Brown’s plan just made sense. As of today, those same European and US leaders are signing on to follow Brown’s lead.
Given how disastrous Brown’s run as PM has been thus far, it’s hard to understand where this stroke of genius came from. Until you take the longer view. As new Nobel winner Paul Krugman reminds us today, Brown is the economic brains behind the British revival that Tony Blair so often took credit for. While Blair travelled the world winning new political allies for Britain with his charm, the man behind the New Labour economy was the old curmudgeon from the University of Edinburgh, a former Blair rival who was blind in one eye. Blair was the better politician, but his Chancellor of the Exchequer, Brown, was the policy wonk.
So when the uncharismatic Brown took over for Blair last summer, and had to face political–as well as financial–responsibilities, he self-destructed. Despite valiant attempts to rebrand himself, his poll numbers have gotten worse every month since he took office…until now. That he might turn those numbers around with a policy that effectively nationalizes the banking sector suggests the final undoing of the free-market Thatcherite proposals that Brown and Blair were elected to reverse in 1997.
The question now is whether these nationalization policies can have their real economic effect (can “trickle down,” to borrow a phrase,) in time for the next elections.
