
If you make the same mistakes in the battles of 2017, populists will win everywhere
YESTERDAY by: Wolfgang Münchau
If you have two strong arguments, the surest way to lose a debate is to add a third one. The superfluous argument of our time is, more often than not, the finger-wagging warning of economic doom.
Starting this week, we need to get our heads around the possibility that US President-elect Donald Trump is simultaneously reprehensible and economically successful — at least for some time. The instinct has often been to conflate political decency and economic efficiency because this is what has been done for such a long time. Fortuitously, our open, liberal systems also happened to be the most efficient. They even produced an acceptable distribution of income until about 10 years ago. Yet the period from 1989 to 2007 was exceptional — history is littered with economically successful dictators and economically disastrous liberal democrats.
You may be in Davos this week, seeking reaffirmation of your deeply held beliefs when you pontificate about the future of the universe. Or you may be on Facebook or Twitter, expressing your fury about where the world is headed. My advice is to narrow your focus.
Brexit is terrible because it deprives young Britons of the right to choose where to live, study and work. It deprives them of a European identity many believed they possessed forever. If this is what upset you about the Leave vote, then you were insane to allow your political campaign to be hijacked by lobbyists who kept whining about the loss of the single European passport for banks. This is the superfluous argument that lost the Brexit referendum. Keep making that same mistake in the battles that loom in 2017 and the populists will win everywhere.
https://www.ft.com/content/646cf682-d9bc-11e6-944b-e7eb37a6aa8e