Let’s be clear, BJ does *not* have a mandate to govern the UK. The meme comes from the populist plot to divide & create chaos. Incredibly, we are seeing Naomi Klein’s The Shock Doctrine (2007) in action. Our global political-economic-energy system #capitalism has been corrupted.
The UK’s unwritten constitution has the PM as primus inter pares, first among equals. He/She is not elected by popular demand, but in secret ballots in orderly elections. The UK’s constitutional checks & balances are in @HouseofCommons rules & procedures that BJ likes to flout.
So how has our Western version of #capitalism been corrupted? My guess is by the pursuit of money, and the gradual, insidious spread of insider trading in markets, the buying & selling of politicians & policies, and regulatory capture by those being regulated.
This process is not a grand global conspiracy, it is an emergent property of the system, which has happened because democratic values have been corrupted by money. We saw it in Rome, in Athens: money loves power & power loves money. We need to move on. It’s time.
Think how the UK’s so-called Public Schools have changed since their glory years in the 19thC: from training the governing class to govern the British Empire, to teaching the global rich to be posh.
The 2007-2010 #GFC was resolved by saving the corrupted #capitalist system. It remains corrupted because when the banks went bankrupt they were saved by the state. Bankers became politicians; politicians became bankers. I don’t need to name names, it’s obvious to all who look.
The Western version of #capitalism is the best we’ve got, but for it to work, the state must force bankruptcies to happen, and manage the process for the public good, not for private profit.
For example, when a UK pension fund goes bust in the #SecondGFC, the @bankofengland should supervise the bankruptcy, prosecuting any who have broken the law, and merging the fund into Nest nestpensions.org.uk/schemeweb/nest…
This is not difficult, but it must be planned in advance as a contingency scenario, to protect pension holders, reduce any threatened contagion and reinforce ethical & green behaviour. This is the role of the central banks and the BIS bis.org/about/contact.…
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