It’s an interesting time to be a political and economic news junkie, but also a frightening and confusing time. As I write these words it looks like the arrogant, opportunistic, narcissist and unpredictable Donald Trump is going to be the GOP candidate for President of the United States. His Democratic Party opponent will probably be the most unpopular and distrusted woman in American politics, Hillary Clinton, although she is being strongly challenged by the proud and popular socialist Bernie Sanders – a moderate social democrat from a European perspective, but a left-wing radical in the United States.
This political upheaval isn’t confined to America. In the United Kingdom the traditional, soft-spoken and surprise winner of the Labour Party’s leadership election, staunch socialist Jeremy Corbyn, faces a Tory government across the aisle that is collapsing from internal contradictions. In France Marine Le Pen is rising, in Spain Podemos, in Ireland Sinn Fein, and on and on it goes around Europe. In Canada the fresh and radical Justin Trudeau becomes Prime Minister, in Greece Syriza enter government. Everywhere in the western world every election throws up a surprise, as if the political landscape itself were altering. Electoral surprises happen so frequently they are no longer surprises. It’s as if the rules of the political game are changing. Continue reading “Equitable Capitalism”