A Brexit omen
hangs over the coming U. S. Fall elections but in a foreign language whose key few
seem to know. Gone is the progressive Sanders
momentum; gone the dominant Democratic party; gone a coherent Republican
opponent.
The latest
Quinnipiac Poll today (6/29/16) is verification of the approaching danger,
showing Clinton and Trump deadlocked, even after a week of bizarre Trump
pronouncements (Waterboarding?). This
may not be a surprise to everyone, but aside from Elizabeth Warren, Hillary Clinton
and the Democrats seem to be winning very few new friends. Trump on the other hand is gathering-in the sheaves
and seems already to have a solid Brexit-style support community. Like the “leave”
majority in Britain, a growing dangerous number of U. S. voters have stopped
listening to the professional political leadership and media pundits. They’ve stopped
caring about the Marquis of Queensbury rules of combat. The Brexit majority has much in common with
Donald Trump’s supporters.
This emerging
landscape created by the 52% to 48% vote in Britain to leave the European Union
reflects a British population that is refugee averse, increasingly caught in
the stagnation of declining income prospects, fearful of terrorism within and
without. The truth
in plain terms is that the anti-refugee movement in Britain and the United
States is fired by the dawning realization that they themselves have become refugees
in a world of obscene inequality. Brexit is the name of the new god,
It is both sign
and graven image: a sign of possible disaster approaching and a bit like an economic
futures contracts—you might win but you’ll have to take large risks, and the
Brexit God is making no promises; but then neither have Cameron or Clinton.
A case of
very bad mythical theology has created this 1 percent God who reigns over the
trampled majority who only lately have stopped believing in the respectability
of the 1 percent. Assistant New York
Times business editor, Gretchen Morgensen, describes a now familiar example of
acceptable fraud in U. S. banking, giving the particulars of just one case.
Writing last Sunday, June 26th—she describes how Angelo Mozillo,
former CEO of Countrywide Mortgage, had over-charged 600,000 of its customers
and was at the center of the 2008 mortgage crisis meltdown. She asked
“What about thousands of loans with exploding
interest rates made to unsophisticated borrowers who had no ability to repay
them? The abusive foreclosure practices that increased the burden on struggling
people? The shattered lives?”
The answer of the Obama administration? Mr Mozillo was told last week by the Justice
Department “that he was no longer under investigation
in connection with civil mortgage fraud.”
While the
Brexit vote is an omen of rebellion the question is whether it can do more than
replicate the unjust system that has prompted it. Can high principles of justice, equity and
fairness be adopted by this emerging revolution, or will it be consumed by a
desperate search by the disenfranchised for another idol made of clay to be worshiped
until it too collapses?
For the time
being we are all refugees in a strange land.
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