Exciting stuff.
For those of you who are interested in the amazing correlation between economic success and political success, go to ukpollingreport.co.uk and examine how the opinion polls between the three largest political parties (Conservatives, Labour, and Liberal Democrats) have fared during the 2007-2008 global economic crisis. As the American economy has improved, so has the rest of the world's, and so have the fortunes of the pro-regulation party, Labour. The more laissez-faire party, Conservatives, have had relatively high poll numbers but as economic growth has increased, their numbers have begun to slide and Labour have returned.
Anyone want to guess the Liberal Democrat numbers? Any explanation for their remarkable stability? The failure of the free-trade yet regulatory LibDems to capitalize on growing disenchantment with both major parties suggests that it could be hard for free-trade, socially-regulatory third parties (aka Tea Partiers) to perform well at the polls in a recovering economy. While there are many domestic issues that do not cross borders, the movement of Tory/Labour poll numbers correlates well enough to the NASDAQ and unemployment numbers in the United States that the oft-repeated phrase "The US coughs, and the world catches a cold" has political credence.
2 comments:
It makes sense that the reason the Labour and Liberal Democrats have been seeing success is the economy, because when markets crash in laissez-faire economies people usually start calling for more government involvement and regulation.
It makes sense that the reason the Labour and Liberal Democrats have been seeing success is the economy, because when markets crash in laissez-faire economies people usually start calling for more government involvement and regulation.
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