In America, Donald Trump — who many of the experts thought had no chance — is dominating the polls. In Britain, meanwhile, much of the public seems to be mobilizing in favor of exiting the troubled European Union — a British Exit, or Brexit.



Writing in The Spectator, Brendan O’Neill puts this down to a class revolt on both sides of the Atlantic. And he’s right as far as he goes, but I think there’s more than just a class revolt. I think there’s also a developing preference cascade. O’Neill writes: “In both Middle America and Middle England, among both rednecks and chavs, voters who have had more than they can stomach of being patronised, nudged, nagged and basically treated as diseased bodies to be corrected rather than lively minds to be engaged are now putting their hope into a different kind of politics. And the entitled Third Way brigade, schooled to rule, believing themselves possessed of a technocratic expertise that trumps the little people’s vulgar political convictions, are not happy. Not one bit.”



Well, that’s certainly true. Both America and Britain have developed a ruling class that is increasingly insular and removed from — and contemptuous of — the people it deigns to rule. The ruled are now returning the contempt.

Glenn Reynolds makes a connection between the Trumpening and #Brexit:Robert Prechter predicted this more than a decade ago. It's also happening in other European countries. This is what happens when the social mood changes. The blithe, mindless optimism that permits the populace to be used and abused by the financial elite is gone. People are seeing more clearly now, and they are beginning to recognize what was done to them, and by whom.There will be a reckoning. There will be many reckonings. And unfortunately, not all of them will be pretty, or even civilized.When the tide goes out, it's easy to see who was naked all along.

Labels: decline and fall, economics, history