Unpopulism has led to Populism - a fine article by Larry Elliott
From time to time I draw your attention to the superb work of Larry Elliott in the Guardian, one of the features of that newspaper most worth reading.
Today he offers a cogent explanation of the origins of the 'populism' that so many liberals decry, and which conservatives, official and unofficial (especially enthusiasts for Ronald Reagan and Margaret Thatcher) don't seem to really understand. What has happened is that capitalism has begun to operate pretty much as crudely as the wildest Marxists long claimed it did. But of course this does't turn most people into Marxists, because most people have a healthy and justified suspicion that they owe the tyranny of bad schools, mass migration, crumbling law and order, thought control, and the destruction of the married family, to Marxists.
In the absence of any kind of coherent old-fashioned conservatism, it turns them into Trumpists, or their equivalent. Larry Elliott describes the economic behaviour of the western elites as it as 'unpopulism', an economic policy which has systematically driven down the rewards and living standards of what were once called the working classes, in reality the most conservative section of society.
Oddly enough, my Trotskyist faction more or less grasped the nature of the coming change back in the 1970s, and hoped to gain trade union supporters for Bolshevism (heaven knows what an International Socialist government would have done to the workers, but never mind), by explaining and attacking what it called 'The Employers' Offensive', a programme designed to drive down real wages and increase productivity. Productivity is a tricky word, which often makes job losses sound like increased efficiency. But as so often, we didn't know the half of it. The globalist wave that was coming would hugely amplify this force.Larry Elliott explains it here
https://www.theguardian.com/business/2017/mar/26/populism-is-the-result-of-global-economic-failure
Here's a sample : 'Much head-scratching has resulted as leaders seek to work out why large chunks of their electorates are so cross.
The answer seems pretty simple. Populism is the result of economic failure. The 10 years since the financial crisis have shown that the system of economic governance which has held sway for the past four decades is broken. Some call this approach neoliberalism Perhaps a better description would be unpopulism.
Unpopulism meant tilting the balance of power in the workplace in favour of management and treating people like wage slaves. Unpopulism was rigged to ensure that the fruits of growth went to the few not to the many. Unpopulism decreed that those responsible for the global financial crisis got away with it while those who were innocent bore the brunt of austerity.
Anybody seeking to understand why Trump won the US presidential election should take a look at what has been happening to the division of the economic spoils. The share of national income that went to the bottom 90% of the population held steady at around 66% from 1950 to 1980. It then began a steep decline, falling to just over 50% when the financial crisis broke in 2007.'
Old rules about the minimum wage (that the bigger it was, the more it drove down employment) no longer apply. And the Brown government began a crazy and unsustainable policy of subsidizing low wage employers by giving their employees taxpayers' cash. No doubt many people are glad of this money, which once upon a time they might have earned for themselves. But once begun, this can't be stopped. But how can we afford it indefinitely and why should taxpayers subsidise low-wage employers anyway?'
I urge you to read the whole thing.