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Markets, democracy and economics: The winning formula?
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This Buttonwood column in the Economist after the British 2015 general election says the election results show serious dissatisfaction with the political class. Labor was never forgiven for the 2007-2009 financial and economic crisis, and the "lost decade" in terms of decline in real wages and no improvements in the standard of living since then. The SNP because it is not tainted by these actions did better as a fresh face and authentic voice in Scotland. The Liberal Democrats suffered from their participation in the coalition government and the austerity years. The Conservatives benefitted from the problems and the crisis of confidence faced by the other major parties. The column asks the question about whether austerity can ever be a vote winning strategy. And it points out that the Conservative party won 37% of the vote compared to 36% in 2010. Labor went from 29% in one of the worst results ever in 2010 to 31%. UK Independence Party gained 13% vote share with increase in English nationalism. Behind all this it says is the general disillusion with the political class in Europe. And the Conservatives should take care lest the dissensions in the party with the EU referendum lead to a divided party.
Britain's May 2015 general election
01/19/2015
Grouped Articles
U.K.’s 2015 Election Carries High Stakes for EU
Wall Street Journal 01/19/2015
Wall Street Journal 01/21/2015
Britain’s Surprisingly Unpredictable Election
Wall Street Journal 04/26/2015
Britain’s Drift From the Global Stage Becomes an Election Issue
New York Times 04/27/2015
Disgruntled U.K. Voters Rally to Small Parties
Wall Street Journal 05/01/2015
David Cameron Struggles to Turn Economic Recovery Into Votes
Wall Street Journal 05/06/2015
Britain's prime minister Cameron and the Conservatives win a majority in parliament in the 2015 general elections
05/08/2015
Grouped Articles
David Cameron and Conservatives Get Majority in British Election
New York Times 05/08/2015
Post-Election Britain: A Disunited Kingdom
New York Times 05/08/2015
The economy after the election: The climb to come
Economist 05/09/2015
Markets, democracy and economics: The winning formula?
Economist 05/09/2015
A Chasm Divides David Cameron and Nicola Sturgeon, Leaders of a Kingdom Still United
New York Times 05/10/2015
David Cameron Sets Course for Britain Amid Pageantry of Queen’s Speech
New York Times 05/27/2015
Nicola Sturgeon, leader of the Scottish National Party, in the 2015 general election in Britain
05/05/2015
Nicola Sturgeon has increased the popularity of the SNP in Scotland in 2015.
Grouped Articles
Nicola Sturgeon, Not Running in British Election, May Yet Prevail
New York Times 05/05/2015
In U.K. Election, It’s Jobs Boom vs. Stagnant Wages
Wall Street Journal 05/07/2015
David Cameron and Conservatives Get Majority in British Election
New York Times 05/08/2015
Post-Election Britain: A Disunited Kingdom
New York Times 05/08/2015
Markets, democracy and economics: The winning formula?
Economist 05/09/2015
A Chasm Divides David Cameron and Nicola Sturgeon, Leaders of a Kingdom Still United
New York Times 05/10/2015
Britain's Labor Party in 2010-2015
09/25/2010
The election of Ed Miliband to head the party. The impact of the coalition government's austerity measures and deep cuts on Labor, and union support for Ed Miliband that enabled him to win. Shaky support for Liberal leaders in the coalition from their rank and file. Concern about the austerity measures and their impact on growth.
Grouped Articles
U.K.'s Labour Party Moves Back Toward Socialist Ideas
Wall Street Journal 09/25/2013
Economist 02/04/2014
Tax rates in Britain: François Miliband
Economist 02/04/2014
Conservatives Fare Poorly in British Races, London's Mayor Aside
New York Times 05/04/2012
Britain’s Surprisingly Unpredictable Election
Wall Street Journal 04/26/2015
In U.K. Election, It’s Jobs Boom vs. Stagnant Wages
Wall Street Journal 05/07/2015
Credibility of elites tested in the decade following the financial crisis of 2008-2009- falling incomes in the U.S. and high unemployment in Europe, and disaffection in local regions such as Scotland
09/20/2014
Policies of Gordon Brown and Alistair Darling in a Labor government increased the role of the financial sector in the British economy and the part played by London as financial capital, only to lead to a near collapse of the banks in the financial crisis of 2008-2009. Brown and Darling are both Scots who failed to see the effects on regions in Britain such as Scotland, already affected by deindustrialization under the Conservative Thatcher government, and now hit by the repercussions of the financial crisis under first Labor and then austerity Conservative government of David Cameron. Irwin faults the elites for failing to grasp the effects of their policies on average working people, the risks involved in an overblown speculative financial sector, and only waking up with the elections for the European parliament and tense moments before the referendum in Scotland.
Grouped Articles
In Scotland and Beyond, a Crisis of Faith in the Global Elite
New York Times 09/20/2014
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
Germany, France Tap Economists for Advice to Avoid ‘Lost Decade’
Wall Street Journal 10/14/2014
Jerry Brown is spending more on ballot measures than on his own campaign - The Washington Post
Washington Post 10/24/2014
British Treasury Targets Banks to Increase Tax Revenue
New York Times 12/04/2014
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