One strong lesson from current politics in the USA this week, is that despite the rapidly changing world around us, it is still the economy that drives politics.
The Democrats in the US, broad church though they are, have much of the Corbynista about them. Many of them are utterly obsessed with identity politics, socialism and many kinds of other ideologies that allow for a stand on both victimhood and hate of the right.
Trump of course, plays this gallery well. He has no votes in the assorted misfits of the Left, but a strong base in the right of the party which can be motivated by anti-immigration rhetoric and tax cuts.
The critical bit is how thought Trump holds onto the centre. At the moment, he has lost the House and held the Senate, without getting into the entrails of it all, the Republicans have had a pretty good run. Especially when you take into account the social media driven accounts of the 'Blue Wave' and the contempt Trump is held in - especially abroad. As ever, the BBC and Sky just can't quite believe that Trump gets any votes at all given how execrable he is.
So how does he hold up the centre, the swing votes, when the USA as a Country is as divided as Brexit Britain?
The answer is the economy, which through his pump priming, is going great guns indeed. Enough that people who have jobs, can apply for jobs and see wage growth are happy. Happy enough to vote for more of the same, even with all the terrible rhetorical baggage that comes with the President.
Overall, Trumps divide and rule is not a great way for us to drive human society forward. However, for the Tories in Government, a salutary lesson will be that even if they deliver a fudged half-Brexit, if they focus on getting the economy ticking over, job growth and wage growth, then Corbyn and McDonnell will never get the look in - after all, their ideological baggage is at least as bad as the Tories and certainly worse in some areas.
Sadly, the soft Tories we have are not clear enough on the economic development of the Country and instead are playing to Labour's tune of throwing money at the NHS and public services. There is time to change this around though over the next few years if hey can get their act together - which of course, is another story...
from Capitalists@Work http://www.cityunslicker.co.uk/2018/11/its-still-economy-stupid-lessons-from.html
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