Not With a Whimper but a Bang

 

The stock markets are crashing today. People are talking major recession. To follow Covid lockdowns, rampant inflation, and war in Europe. 

If they are right, this should be the final nail in the coffins of Kamala Harris and the Democrats in the US, and Justin Trudeau in Canada. They were set to lose anyway, but this could be historic, like RB Bennet or Herbert Hoover in their day. The left might be discredited for a generation. It may also be lucky for Farage in the UK and LePen in France that they were snookered, in part by political machinations, in the recent elections: that leaves the left holding this bag.

Meantime, in his most recent column, written before today’s news from the world’s stock markets, Xerxes the leftist columnist already comes out hard against “the system.” He quotes left-wing Anglo-Irish blogger Paul Kingsnorth: “We like to believe that we live in independent nation states run by leaders of our choosing, but this is a mirage designed to disguise the reality: The Machine is a giant, global, digitized web of commercial power and control, managed by transnational corporations and gatherings of elite powerbrokers, none of whom have very much interest in what ‘the people’ think.”

Strikingly, this is exactly what the right is saying. This is just what Trump and Farage and Poilievre have been saying. To be fair, it is not just the left that has shifted. A few years ago, the right would have resisted blaming transnational corporations. Not any more. Both left and right are now alarmed at elite powerbrokers and the trend to globalization. 

Of course, in the recent past, as soon as some leftist raises this alarm, he is declared by the left to be “far right”—see RFK, Jimmy Dore, Tulsi Gabbard, Joe Rogan. But even if this continues, if the shadowy elites sustain their control over the Democratic Party or the Liberals and NDP, the end result will be the same. The people are uniting against the powers that be.

Kingsworth and Xerxes think the problem is that things are getting more complicated due to technology, so that there is a greater distance between the elites and the common people. I think the exact opposite is happening: the new technology is levelling things, removing the need for an elite, and all its advantages. And making it easier for he people to seize control.