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Samizdata quote of the day – Britain remains in a period of near-revolutionary ferment

Just as Gorbachev’s failed reforms accelerated processes which “encouraged many Russians to redefine the Soviet territory as alien and to identify the Russian territory as their homeland,” we see a similar process on the rapidly evolving British Right in distinguishing between the Britain of recent memory and its UK replacement. When even Tory grandees such as Lord Frost borrow the disparaging term “Yookay” from the internet Right to disparage what he defines as Blair’s “new country, an actual successor state to the old Great Britain [but] distinct from it”, we see a similar, explicit distinction being made as that between Russia and the USSR. The counterpoint to Blair’s UK, or YooKay — the two are, now, more or less interchangeable — is, as Frost observes, simply Britain.

Whether you welcome this development or fear it, British politics in its current tumultuous form, with all its increasingly radicalised and existential debates on immigration and demographics, on its history, social housing and the welfare state, and on the nature and boundaries of Britishness or Englishness, is inexplicable without accepting that the country has now entered this phase of political development.

Aris Roussinos

35 comments to Samizdata quote of the day – Britain remains in a period of near-revolutionary ferment

  • Discovered Joys

    Some pundits are now claiming that both major political UK parties have lost their general approval and public respect. The Conservatives through a long period of managed decline and Labour in a frightful mix of authoritarianism and helplessness.

    So yes. We are now in a period of political instability. Going ‘back’ to the old Britain is no longer feasible. Going forward to some Socialist wet dream is unappealing. It’s up to us as voters to pick our way forward – what a shame the Conservatives are still working on their plan, Labour have no idea that won’t change next week, and Reform are still in the hand waving stage.

    I hope the next Government has some idea beyond merely responding to ‘events’.

  • Stonyground

    Will Climate Change be an issue? I think of it as the biggest fraud ever perpetuated in the history of mankind. Will it ever dawn on the vast majority that they have been had? If the bubble does burst, will politicians be able to claim that they were acting in good faith, responding to the best scientific knowledge that was available at the time?

  • Paul Marks

    The disconnect between the establishment in Britain and ordinary people is greater than it has ever been.

    Or rather the disconnect between the establishment and MOST of the British people – the establishment are in tune with the left part of the population (a minority – but a large minority) with its Green obsessions, sexual obsessions, racial obsessions and the general Equality, Diversity and Inclusion thing.

    Very roughly I would say about a quarter of the population are on the same “wavelength” (as it were) as the establishment, and about three quarters of the population hate and despise the establishment – especially the “justice” system, which is utterly discredited.

    How is this going to end?

    I do not know if we will get to the next General Election – as that is four years away and things are getting worse by the day. I hope we will make it to he next General Election – but I just do not know.

    Just a couple of things from just today – from the average English town I live in.

    Carnival – “Pride” flags, floats obsessing about pollution (the usual for modern Britain) none of it really a problem (indeed people seemed to be enjoying themselves – good) – but also more disturbing things, some (some) men and women in the crowd who were very thin and with gaunt faces, and showing certain other signs that I have come to know only too well over the last few years (people-on-drugs). This is becoming more and more common.

    And coming back home I popped into the supermarket – it was robbed whilst I was there, this is not the first time I have seen the place being robbed – criminal running away, and being told by staff NOT to intervene (they are not allowed to intervene either).

    Earlier in the day, volunteering at the art shop (our art gallery is still closed) I had a chat with one of the artists – they had just had three paintings stolen, from a village church display, the church was also robbed (robbed of quite ordinary things – not gold and silver) – so it is not just the towns.

    Society is cracking – and notice in the above I did not discuss race and ethnic groups (and religious groups) at all – racial, ethnic and religious conflicts are on-top-of a society that is cracking anyway.

    As for the English knowing they are being replaced in their own country – well I can not claim special insight (note my family name – I am NOT ethnically English), but I would say that the above fractions hold true.

    About a quarter of the English do not care – indeed they will scream “racist” and report people to the police (remember, in the United Kingdom you can be sent to prison for expressing the “wrong” opinions) and about three quarters of the English do care – are upset and angry.

    But this is on top of being upset and angry about a society that is cracking up anyway – regardless of racial, ethnic or religious concerns.

    Take the example of the city of Miami in the United States – back in the 1950s that city was overwhelmingly “Anglo” – now it is overwhelmingly Hispanic, but the remaining Anglos do not tend to be very upset – because the city (and the State of Florida) WORKS – it is a functioning society. Perhaps (perhaps) the new Miami is BETTER than the old one – perhaps not, but at least it works.

    If the society had fallen apart (rather than just ethnically transformed) things would be rather different.

    Take the example of Birmingham in England – it is NOT just that the place is being ethnically transformed, it is also the fact (and it is a fact) that regardless-of-that, the new city does-not-work, it is no-good.

    This is increasingly the case generally here in Britain – and that is very unfortunate.

  • Paul Marks

    Police station closed, county court closed, magistrates court closed.

    I met a policeman I know a few weeks ago – “what are you are doing in the center of town – you are supposed to be in …..” “we are losing control of the center of town Paul – so it is all-hands” well at least he was honest (he, like other policemen I know, also tells me that when they arrest me, which they will eventually, for something I have said on-line, it will be “nothing personal”, just doing what they have to do – privately they despise the system as much as I do – and I believe them)

    Lloyds bank closed, NatWest bank closing, Barclays bank closing. What was the point of bailing out the banks if they close their branches anyway.

    No tailors – none. There used to be many. “Look respectable and you will get a job” – how is a person supposed to “look respectable” around here – make the clothing themselves? And imagine someone walking around in a suit and tie – that would indicate “money” (they would be making themselves a target for a mugging). By the way – I did buy a new suit from Warwicks in Wellingborough (a town about eight miles away), before that store closed down as well.

    And on and on.

    In a town that has more people than it has ever had before – endless housing estates, and thousands of extra houses being built – the urban area will end up at close to hundred thousand people (villages and small near by towns swallowed up).

    Yet fewer and fewer productive factories and farms.

    “Go for a walk” – where (other than round the park I used to work in – before I was made redundant by the Covid lockdowns, walk round a place that put me on the scrapheap)? I went for a walk to the village of Loddington a week ago (to see a retired ex colleague) – but there are no real footpaths anymore, so I had to walk on the roads, dodging cars.

    More and more people – and not much work for them, just administrative jobs funded by taxation (and I am just as bad – my councilor “allowances” came from the taxpayers) or by corporations that are funded by Credit Money (and mostly do not really produce anything – although SOME of them still produce stuff).

    An average town in the middle of England.

    So racial, ethnic and religious concerns come on-top-of a situation which is already a mess and is getting worse.

    Still when they do arrest me and send me to prison (for something I have said or written) that will solve my living costs problem – so one has to look on the bright side, be positive.

    And I will miss any ethnic war outside of prison – although there are now ethnic conflicts within British prisons.

  • Paul Marks

    Oh I forgot – the cinema is now gone.

    True the films were mostly rubbish (Hollywood leftism) and the advertisements were worse (Corporate DEI, or EDI, stuff) which is why most people stopped going to the cinema – but it is a shame for the people who used to work at the cinema.

  • Martin

    Most of the people I speak with often in my life are normies and not that politically engaged. It is interesting to hear how so few of them buy into elite narratives now, especially when it comes to race, immigration, multiculturalism, etc. Barely anyone who isn’t a shill or ideologically fanatical thinks immigration is an economic boon. They’ve seen how immigration has skyrocketed during two decades of economic slump and decline. Whatever the IEA, BoJo, the Guardian etc might say about how we ‘need’ mass immigration, fewer people are buying such propaganda. People hear Diane Abbott, Bob Vylan and other wankers say immigrants built Britain, or they see the stupid coins Rishi Sunak issued saying ‘Diversity built Britain’ and they know its all rubbish. They may not have a coherent response to this yet, but it’s heartening to see the current BS is evaporating in credibility.

  • Paul Marks

    Martin – yes.

    I am involved (by helping out with various things for the arts and so on) with quite a lot of in-a-way leftist people (not just people “on the right” like me) – and it is interesting how many people now understand that the establishment are lying, indeed lying about just about everything.

    Including socialists – some of them are also filled with anger and contempt about the lies (about Covid “vaccines” or Carbon Dioxide, or “immigrants built Britain” and so on).

    Yes there are people who believe everything they hear on the BBC – and who say “I will report you! You are going to go to prison!” whenever they overhear dissent.

    But they are very much the minority.

    And there are fewer and fewer “non political normies” – more and more people are now interested in politics, although not always in a nice way.

  • Paul Marks

    Still there is still something po-faced about British establishment lying.

    I can normally tell when a Russian is lying (“Paul that is because their lips move” – oh calm down at the back there) – because, on RT and so on, they sort of wink at the camera (at least that is how they come over) – basically “I know you know I am lying – but this is a ritual, and we both know this is how it goes – now back to how wicked the Jews and the Kiev regime are”.

    As a Russian once said “many brave Russians died for freedom – but we are not descended from them. we are descended from the cowards who murdered them” – he smiled, but his eyes were not smiling, and I have seen that look (a mixture of cynicism and real pain, real despair) many times, – no wonder some Russians drink themselves to death or aim their vehicles at obvious mines – yes quite deliberately.

    But British officialdom (the various institutions – including “private corporations” such as Sky News or LBC radio) is still different – they say false things, endlessly – but they still expect-you-to-believe-them.

    They either believe their own lies (in which case, technically, they are not lying) or they sincerely believe they are “lying for the greater good” – some Plato “noble lie”, or Jeremy Bentham “greatest happiness of the greatest number” drivel.

    They, the British establishment types, expect you to believe them – and have a sort of pius air about them, smug and self satisfied.

    Most likely I will NOT live to see the day that changes – but I would love to see that smug “we are good people” look wiped off their faces.

  • jgh

    I was pondering how people are incapable of seeing a collapse from the inside, and started searching “when did the Romans realise civilisation had collapsed?” Diving down rabbit holes undug some interesting facts.

    There is a concensus that the Romans didn’t realise the place was collapsing around them until centuries after. There is also a consensus on what brought around the collapse. Quoting from the Wiki article, with references:

    “the effectiveness and numbers of the army, … the strength of the economy, the competence of the emperors, the internal struggles for power, the religious changes of the period, and the efficiency of the civil administration… Increasing pressure from invading peoples outside Roman culture” … “a large migration of Goths and other non-Roman people … Roman forces were unable to exterminate, expel or subjugate them (as was their normal practice)”

    Exactly what are we sering right now? The armed forces are being stripped of manpower and the remainder are expected to be cuddly fluffy feelz deployers. The economy is tanking. The government has just abandoned a major policy reform under pressure from *its* *own* *members*. Fissiparous internecine squabbling defines politics, with the Jezzbollah Party falling apart before they’ve even managed to hold a press conference, and Reform’s Chief Whip standing aside to be investigated. The civil service spending most of its time ticking boxes. Boat people invading, and 20 times as many from foreign cultures legally entering. Defense forces outright ordered not to prevent people breaking into the country.

  • Stuart Noyes

    Reform are descending into farce. True to type for Farage enterprises apparently.

    We watch our country fall to bits.

  • Stuart Noyes

    Paul,

    There are a few commenters on here that are on a different planet. Hope you aren’t insulted by this but I’ve come to appreciate you for being down to earth. You obviously care about our country. You are Jewish? I really don’t care. Not knowingly met many being from a Hampshire market town but have no problems with Jews.

    This country is falling apart. Deeply upsetting for anyone who cares about it.

  • Discovered Joys

    The civil service spending most of its time ticking boxes.

    Our social disintegration must be because there are not enough boxes to tick. Obviously we need more boxes.
    {sarcasm}

  • Reform are descending into farce. True to type for Farage enterprises apparently.

    Sure, if you consider leading in the polls “descending into farce”… in reality, they have several years to get things running smoothly.

  • NickM

    The Bank of Englnd seems keen to revamp our notes and make them more “inclusive”. I filled out an online form there. Before I got my suggestion they wanted to know all about my gender and all that. My suggestion was, of course, “Notey McNoteface”. Obviously. I strongly suggest anyone who gives a toss (or anyone who no longer does just for the sheer lark) about the state of England Rick Rolls this suggestion. Personally seeing as we have currency that challenges my comprehension of mathematics (and I do know imaginery numbers) and a Chancellor who is more than two teared I believe our notes should reflect that reality.

  • Paul Marks

    Stuart Noyes – although I am Christian by religion I always answer “yes” when I asked if I am Jewish.

    So that is a “yes” to your question Sir.

    No offense taken – quite the contrary.

  • Paul Marks

    Reform Party – it is difficult for me to separate the personal from the “bigger picture”.

    The personal is that they lied about me, and others, at the North Northamptonshire council election – putting out literature (again and again) saying that I (and others) had run up 400 Million Pounds worth of debts with our pay, perks and general wild spending.

    And, I am sorry to say, many people believed these lies. And joined in the calls (one made personally by Mr Farage when he visited Kettering) to “send in the auditors” to get corrupt people like me – this was rather ironic for those of us who had sat on the audit committee for four years, we had spent many thousands of Pounds on audit work, both internal and external.

    Also, obviously, Mr Yusuf would not welcome me into the ranks of the Reform Party – as to why “obviously” see my reply to Stuart Noyes above.

    But the “Bigger Picture” may be that they will replace the Conservative Party (as the opinion polls suggest) as the main party on the right. In spite of losing two members of Parliament, out of five, in the last year.

    In which case (IF that happens) I would, if I am still alive, have to support them at the next general election – against the Greens – here, in Kettering, Labour are finished – the party on the left will be the Greens (they already control every seat on the town council).

    One has to look beyond personal grudges – if (IF) the Reform Party becomes the main party on the right here, I will have support them against the Greens – if I am still around.

    But I still have doubts about basic policy – for example, even though he was born and raised in Pakistan (with a Muslim father) Ben Habib is, rightly, against the demographic transformation that is occurring in Britain – specifically England.

    Mr Farage and Richard Tice seem indifferent to it – indifferent to the fact that, if (if) present trends continue England will be utterly destroyed.

    Perhaps (perhaps) Mr Farage and Mr Tice are only pretending not to care – perhaps (as far more successful politicians than I am) they know they have to pretend not to care (pretend so they are not put in prison as “racists” by the regime and its courts) – in order to get into a position of power where they can act.

    After all the House of Commons can do ANYTHING – so the idea may be “get a large majority in the House of Commons – then come out with the real agenda”.

    Ben Habib and Rupert Lowe do NOT believe so – but perhaps they are mistaken.

  • Paul Marks

    But what would “the real agenda” even be?

    As jdh points out, with the Roman example, it is very hard to reverse decline once it has got past a certain point.

    Rome went from having private informers (concerned only with reporting, or just making up, plots-against-the-Emperor in the hope of reward), to having a real Secret Police under Diocletian and his successors.

    Such a bureaucracy could not sustain itself with just “plots against the Emperor” stuff – so general criticism became a “crime” (as it is now).

    “If only a hero Emperor had emerged….”.

    He did – the West Roman Emperor Majorian even repealed the (centuries old) laws against the private ownership of military weapons, and recaptured lost Provinces.

    But it was all too late – and Majorian ended up being betrayed and tortured to death.

    A century or so later the East Roman Emperor Constans tried to fight back against Islamic invaders.

    He did everything he could – he sent a force to retake Egypt, but it failed (as King Louis, Saint Louis, failed centuries later).

    He personally conducted naval operations – but was defeated in the Battle of the Masts and barely escaped with his life.

    He moved the capital from Constantinople – to Sycrause in Sicily – to coordinate operations in Africa and at sea.

    And he taxed the West and the East as much as he could to rebuild military forces – no more waste on supporting vast numbers of idle people in either Rome or Constantinople.

    But none of it worked – and he ended up murdered in his bath by his own attendants.

    I am not a Determinist – people do indeed have freedom to choice.

    HOWEVER – that is often not-enough.

    Choosing to try and do something does NOT mean you will be able to do it.

    Sometimes the decay has just gone past the point of return.

  • Paul Marks

    By the way – Constans was smeared by history.

    Supposedly he stripped Rome of gold-silver-bronze and jewels.

    Gold and silver had long gone from Rome as the city had been sacked many times – one can not take what it is not there any more.

    Jewels? The Jewels that were left were in the hidden graves of Christian Western Emperors and their families – we know about them because records were made when the new St Peter’s was built (still the biggest church in the world) centuries later – greedy Popes had most of the Roman jewelry broken up to be sold (only a few examples were kept).

    As for bronze – the bronze tiles remained on the roof of the Pantheon till they were taken (to be melted down for a statue – a great statue) in the Renaissance.

    And the bronze doors of the Pantheon are STILL THERE.

    Quite remarkable doors – vast, yet easy to open and close.

    In spite of all the sackings of Rome – the great bronze doors are still there.

  • NickM

    Paul,
    I agree. I have no faith in reform. I think, for all her sins, Kemi Badenoch, was right on the money when she called Farage a “Pop-up politician”. He’s had more parties than Elton John.

  • Jon Eds

    I don’t think Nigel Farage will make a good prime minister, but if Reform promise to leave the ECHR, slash immigration, and end the net zero lunacy then they have my vote.

  • Zerren Yeoville

    jgh – July 5, 2025 at 10:50 pm

    On the question of ‘when did people realise that Rome had fallen?’, James Dale Davidson and the late William Rees-Mogg went into this in their book ‘The Sovereign Individual’:

    “Consider the fall of Rome. It was probably the most important historic development in the first millennium of the Christian era. Yet long after Rome’s demise, the fiction that it survived was held out to public view, like Lenin’s embalmed corpse. No one who depended upon the pretenses of officials for his understanding of the “news” would have learned that Rome had fallen until long after that information ceased to matter (…) Part of the problem was that Rome was already so degenerate by the later decades of the fifth century that its “fall” genuinely eluded the notice of most people who lived through it (…) any more decades passed, perhaps centuries, before there was a common acknowledgment that the Roman Empire in the West no longer existed. Certainly Charlemagne believed that he was a legitimate Roman emperor in the year 800. The point is not that Charlemagne and all who thought in conventional terms about the Roman Empire after 476 were fools. To the contrary. The characterization of social developments is frequently ambiguous. When the power of predominant institutions is brought into the bargain to reinforce a convenient conclusion, even one based largely on pretense, only someone of strong character and strong opinions would dare contradict it.”

    Perhaps future historians will be sufficiently detached to conclude that the West had already fallen long before 2025. But, like the Romans, we ourselves are too close to it and too invested in it to realise it yet. And maybe we still won’t when the Bank of England, as per NickM’s comment, duly replaces Churchill on the £5 note with George Floyd.

  • Stonyground

    “When the Bank of England… duly replaces Churchill on the £5 note with George Floyd.”

    If that were to actually happen I think that those five pound notes would be worthless. The thing about paper, or plastic as it is now, money is that it isn’t really worth anything. Everyone just agrees to pretend it is worth its face value for the sake of convenience.

  • Paul Marks

    Stonyground – NOT for the sake of convenience, but because of state violence.

    Legal Tender Laws and Tax Demands – not a voluntary choice.

    That is what is the foundation of fiat money – as you know, “fiat” means command-edict, not convenience.

    Professor Krugman (dreadful person) admits that this monetary and financial system is based on “men with guns” – but, bizarrely, he thinks that is a good thing.

  • Paul Marks

    Zerren Yeoville.

    The Generals of Justinian recaptured Roman Africa, Italy and part of Spain.

    Perhaps (perhaps) if the terrible natural events of 535 AD (and the years after it), first the darkness, cold and failed crops, then the terrible plague, had not occurred (and Justinian had no way of knowing they would happen) Justinian really would have restored the Roman Empire.

    After all Roman technology and Roman building knowledge had not yet been lost.

    Literacy was also still high – as Egypt (the source of papyrus) had not yet been lost.

    In the Middle Ages paper was parchment – animal skin, very expensive.

    The much more wide spread literacy of the Roman Empire was sill possible in the time of Justinian – Egypt was not lost for another century.

    By the way – the Middle East and North Africa did not really recover after the fall of the Roman Empire.

    Even in the early 1800s (yes the 19th century) the Middle East and North Africa was less developed, and less populated, than it had been under the Roman Empire.

  • Paul Marks

    Jon Eds – ending mass immigration would not prevent the coming crises, Natural Increase (births) has kicked in now, as John Enoch Powell (and others) warned it eventually would. And “appealing for unity”, as a certain person did today – on the 20th anniversary of the 7/7 terrorist attacks, does not work when groups have diametrically opposed beliefs (principles) – which they do. Talking about a united community is silly when there is no common culture.

    NickM – Kemi (who I agree is a good person) faces a major problem, “what did you do in the 14 years you were in office?”

    Robert Jenrick can say “I denounced the failure to do X,Y,Z and resigned” – but Kemi did not do that. But still we are where we are – and I wish Kemi every success.

  • Stonyground

    Well yes, obviously it isn’t as simple as that, but it would be very inconvenient if we stopped pretending. Presumably we would have to go to a mix of bartering and using something that there is a finite supply of.

  • Paul Marks

    Stonyground – we do not “pretend”, if we do not pay taxes in the fiat money we get sent to prison.

    Nor is bartering necessary – for example the monetary gold of Americans did not vanish, it was stolen from them – stolen (with the threat of violence) by Franklin Roosevelt in 1935.

    In Britain there had always been more paper Pounds than there was gold in the Bank of England, but the fraud (and it was fraud – legalized fraud, but still fraud) was limited.

    Limited till the First World War when the fiat money expansion became extreme – although much less extreme than in Germany (by the way the instructions to the German Central Bank to end gold came BEFORE the outbreak of war – so the German establishment, if not the Kaiser himself, were clearly planning war).

    In 1925 there was the so called “return to the gold standard” (note that weasel word “standard”) – but it was a farce, it pretended that the inflation of the First World War had not happened – that the Pound was still worth as much gold as it was before – an utterly absurd claim. In 1931 this fake gold standard collapsed.

    If you want to find out how much the Pound is worth – then divide the government gold reserves (the Bank of England has been government owned since 1946) by the number of Pounds.

    The answer is not “nothing” – but it is very close to that. The United States is much the same – ditto the other countries.

    That is why our monetary system is based on not “pretend” – but rather, as Professor Krugman himself admits, on “men with guns” – it has no rational economic foundation, its foundation is force-and-fear.

    Such a system, a system with no rational economic foundation – instead based on force-and-fear, has a limited shelf life.

    Up to 1971 the American government at least said that other governments (although NOT ordinary people) could “cash in” their Dollars for gold – but since 1971 even that is gone.

    There is no real cash now – even Switzerland abandoned any link with honest money in the 1990s.

    Now there is only “men with guns”.

  • Paul Marks

    The East Roman Empire is said to have collapsed into barter, and to confiscations by the state. Little better than the Barbarian Germanic tribes.

    But the Emperor Anastasius is said to have restored a gold and silver monetary economy.

    The Eastern Romans survived – indeed Justinian recaptured much of the West, till 535 AD (the darkness, the cold, the failed harvests, the plague – year after year) changed everything.

    The dream did not die.

    The Emperor Maurice dreamed of retaking all the Western Empire – but he had to watch as traitor soldiers killed his sons, one by one, in front of him, and then killed him.

    The Emperor Bazil II (centuries later) tried to retake Sicily (lost to the forces of Islam a century before) – but the effort failed just went it seemed successful.

    Finally in 1071 the East Romans lost their last possession in mainland Italy.

    And in the same year (1071) the East Roman army was smashed by an Islamic invasion of Anatolia – and much of the heartland of the Empire was lost.

    Just over a century late, 1176, the East Romans (or Byzantines) suffered another terrible defeat against an Islamic army – the East Romans were never a great power again.

  • Paul Marks

    I am told that Mr Putin sees himself as the heir to the Emperor Constantine – the old gold-and-white dream of Moscow as the heir to Rome and Constantinople.

    But, not forgetting his terrible faults, Constantine was a good General – he never lost a battle.

    That does not seem like Mr Putin to me – Mr Putin seems more like one of the Emperor Diocletian’s Secret Police.

  • Stuart Noyes

    And to lose all their MPs and councillors.

  • Paul Marks

    Stuart Noyes – who do you mean?

    It is very hard to know what will happen to the Reform Party – but it is not hard to know what will happen to the Labour Party.

    I was not so obsessed with my own defeat in May not to notice that Labour, in the entire North Northants Unitary Council, got only 4 seats – it was much the same in West Northants.

    Labour had not done this badly since before the First World War – and things are not going to improve for them.

    As the economy collapses over the next four years (and it will collapse) and society continues to fall apart, it is possible we will see the end of the Labour Party at the next General Election.

    There other parties on the left – the Greens (who control every seat on the town council where I live – and we can not blame that on the Reform Party splitting the Conservative vote – as the Reform Party did not put up candidates for the Town Council elections), and the far left Liberal Democrats – there is no need for the Labour Party.

    And there is also the rise of Islam – Muslims are starting to notice who the wife of Sir Keir Starmer is, and they do not like it.

    Of course the Conservative Party may (or may not) go as well – there may be a general realignment on the right as well as the left, it is very hard to know.

  • Fraser Orr

    @Stonyground
    If that were to actually happen I think that those five pound notes would be worthless. The thing about paper, or plastic as it is now, money is that it isn’t really worth anything. Everyone just agrees to pretend it is worth its face value for the sake of convenience.

    How is that different than anything else? Gold is only valuable to the degree people agree on its value. Its price is certainly, for the most part, much high than its intrinsic value, otherwise why would it fluctuate so dramatically? Why are diamonds much more expensive than CZ crystals? By almost every intrinsic physical measure CZ crystal are superior to diamonds. But people have their opinion on the price (largely based on relative preferences) and that is where it comes from.

    The problem with fiat money is not that it doesn’t have intrinsic value, it is that it is subject to the caprice of the government, and in such a way that the consequences of their political choices are distant from the political benefits of spending. As the reptilian Senator McConnell once said, nobody ever got voted out of office for spending too much money. This is the theory behind the idea of a politically independent central bank tasked with one specific thing (maintaining low inflation) but the problem is that that organization gets politicized too, and the central banks have been a disaster. Quantitative easing is nothing less than a massive wealth tax on the poor and middle class to bail out the hyper rich from their folly. And somehow it was supported by the “friend of the working man” political left?

  • Exasperated

    Who could be your Trump? Do you have anyone? I’m not suggesting a Trump clone just someone with vision and energy, someone who has real, hands on, experience in the private sector and knows how to grow the pie IRL, and someone who can bust through the obstacles.

  • bobby b

    “Who could be your Trump?”

    Great Man Theory is really getting a boost these days.

  • Exasperated

    Bobby
    Agreed, I think it’s fair to say he is a force of nature. I can’t think of anyone else who could have done what he did or withstood the onslaught of malevolence he endured. I can’t even say he was just in the right place, at the right time, cuz he creates (or recognizes) his own opportunities.

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