Broken Britain 9: ‘populism’ is really ‘anti-elitism’ – a backlash due to economic and political inequality
Stephen Latner, an FT reader, reminds columnist Philip Stephens – and a whole range of commentators – that it would be more accurate to describe “populism” as “anti-elitism” and acknowledge that the backlash is not down purely to economic factors but political as well . . .
Philip Stephens had explained that the explanation for a rising sense of grievance and a collapse of trust in the old political order is to be found in the answers to the opinion poll question asking people if they expect a better life for their children:
“Voters are now more likely to answer no than yes. The march to progress, they assume, has ended . . .The pain is made the more acute when a small minority can indeed pass on great power and wealth to their children . . .”
Latner adds that many voted for Brexit because of the perceived elitism of the EU (“an unelected, non-transparent, central bureaucracy”) and sees that new technology – ‘the digital age’ – is ensuring that elitism will come under fire and more centralisation of political power will be seen as elitist and unacceptable.
Stephens supplies the element missing from Latner’s analysis – the added burden of a political elite allied with the wealthiest corporates:
“At its simplest, establishing trust is about behaviour. Today’s elites should ask themselves just when it became acceptable:
- for politicians to walk straight from public office into the boardroom;
- for central bank chiefs to sell themselves to US investment banks
- and for business leaders to pay themselves whatever they pleased”.
Posted on October 18, 2017, in Austerity, Conflict of interest, Corporate political nexus, Democracy undermined, Government, Inequality, Poverty, Vested interests and tagged elites, political elite. Bookmark the permalink. Leave a comment.