For a country supposedly crawling out of the ruins of the Brexit vote, the U.K. has been having a strikingly good year so far. The number of people working stands at a record high, and income inequality is approaching a 30-year low, according to the Office for National Statistics. New orders for manufacturers are at their highest level in a generation, and employers in general are struggling to find enough staff to cope with demand. Even the (relatively new) national happiness index stands at a peak.

When Britain voted to leave the European Union in June 2016, a very different future was forecast. Mark Rutte, the Dutch prime minister, declared that Britain had just “collapsed: politically, monetarily, constitutionally and economically.” But the plague of locusts has yet to show up—which is odd, given how many experts predicted that a victory for Brexit would bring catastrophe. Now, almost two years after the vote, the picture is clearer, and there is plenty of evidence to challenge the conventional wisdom, for those with eyes to see it.

To be sure, the quality of our political drama remains dismal. If you have only been looking at Westminster, you will have only seen disaster. The leaders of the Brexit campaign hadn’t given enough thought to what they’d do if they won, so they ended up destroying each other when the time came. Theresa May, who had opposed Brexit, became prime minister and then lost her majority in a snap election last summer; she carries on, but with little authority.

Brexit capsized the entire political establishment. It was a revolution, but no new regime has emerged. And that may be no bad thing: After the pyrotechnics of the past few years, a spell of boring politics is welcome. If this is a crisis, it is one with its compensations.