Tuesday 12 May 2015

Leverage


It's called leverage.
The early forecasted seats make the Conservatives the largest party of the 2015 election. Against the polls which indicated a neck and neck contest, the exit polls suggest that the Conservatives have captured a number of marginal seats which have opened the gap between them and Labour.
Of course for a Labour supporter like myself it is disappointing and in my view describes a mind set that I have said in the past characterises, particularly the English.
The outgoing coalition government has been very strident as to where the economic problems lie in our country. Repeatedly the claim is made that the huge Welfare bill particularly the Benefit bill is such a fiscal drag that we have to slay the Welfare/Benefit dragon before we can move on.

For years program makers on the TV and certain newspapers have depicted the poor in a bad light. They are the scrounges, the usurpers of common decency, the dregs within a civilised society. Week in week out this picture is sown to produce a backlash against the poor and disadvantaged and it has worked in a way that the message we had projected,in 2008 and since against the Bankers didn't. When a poor man or women become a drain on our financial resources we have at our means the tools to do something about them. When the Banking Industry received many billions of pounds more than the sum total of the Benefit bill (and remember the main recipients of the benefit pay out are the "Pensioners") of taxpayers money the opprobrium is muted and we have to simply grin and bare it since they are too big and important to fail.
Anyway before I get side tracked.
If a Tory led government is re-elected then the squeeze on, not only the Welfare State but the cherished institutions such as the NHS will progress unimpeded. Our country will more closely resemble the USA and less like a country with European traditions.
Will this be a bad thing. Well it will please those ideologically driven institutions, the IMF and the World Bank both operatives of American fiscal policy. The hegemony of a world elite running a Global Economy will be stronger.
As the results come in and based on predictions, the name of the politics in this country will be the skill in forming alliances with other parties to progress bills through Parliament. Strange bedfellows will emerge but as with all bed sharing there will be a price to pay.
In some ways this is not before time. The focus and the wealth in Britain has been in the South of England and Westminster has needed to only throw the occasional bone to the other regions to keep them quiet. With a potentially hung parliament the horse trading for votes means that the fiscal pot will have more snouts feeding from it and so the United Kingdom as a whole will have more clout as the SNP in Scotland and the DUP in Northern Island extract their price for following the largest party into the voting lobby. It's called leverage !!

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