[The 2008 financial crisis] undermined confidence in Government, politicians, big business, banks, and almost any entity thought to be speaking for those with power and money. Contra many pundits, Miliband was right that the centre of gravity has swung against free markets. Even among the world of Thatcherite small businesses and entrepreneurs opinion is deeply hostile to the way in which banks and public company executive pay work. Over and over again outside London people would rant about how they had not/barely recovered from this recession ‘while the politicians and bankers and businessmen in London all keep raking in the money and us mugs on PAYE are paying for the bailouts, now they’re saying we’ve just got to put up with the EU being crap or else we’ll be unemployed, I don’t buy it, they’ve been wrong about everything else…’ All those amazed at why so little attention was paid to ‘the experts’ did not, and still do not, appreciate that these ‘experts’ are seen by most people of all political views as having botched financial regulation, made a load of rubbish predictions, then forced everybody else outside London to pay for the mess while they got richer and dodged responsibility. They are right. This is exactly what happened.
The guts of an insurrection
The AEI article in my immigration post below contained a link to a fascinating piece by Dominic Cummings describing the nuts and bolts of the Brexit campaign, including his deep frustration over the inability of the ostensibly friendly Brit leaders to comprehend what was motivating the voters:
By Texan99 on Thursday, January 26, 2017