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Stephen Colbert Is Genuinely Freaked Out About The Brexit

radx says...

I know it's Colbert's shtick and I never really got into it, but still...

"I have friends who live and work in London. They said "don't worry,we're very sensible people."

What's sensible for people in London might not be sensible for people in Salford. Or Boston. Or Wolverhampton. London, or the South-East in general, is as representative of the UK as the East/West Coast is of the US.

The hinterland has been drained at the expense of the center, on both a global and a national scale. If you live and work in the City of London, things might look quite ok, and whatever issues there are only need some reforms to no longer be an issue. But if your factory, the factory that provided jobs for the people in your home town, closed down ten, twenty years ago and now the best you can get is zero-hour contracts, then no, things are not ok.

People up top keep telling you that the economy is growing, that everyone's gonna be better off, that it's ok for multinational corporations and rich individuals to optimise their taxes, while they cut your welfare. Banks get a bailout, you get to pay the bedroom tax.

So no, your sensible friends, if they exist, live in a different universe than many of their countrymen. That's the disconnect we've been talking about.

-----
"The British economy is tanking. The pound has plunged to its lowest level since 1985... The Dow lost 611 points."

Again, so what? If the economy is growing and it has no effect on you, why should you give a jar of cold piss about the value of the pound or the stock exchange? Arguably, a drop in the exchange rate of the pound makes it easier for you to export your goods and raises the prices for imports, thereby encouraging you to produce the shit yourself. The UK does have a sovereign currency, unlike the Spanish, the Greeks, the Portuguese or the Italians who have to suffer internal devaluations, because Wolfgang Schäuble says so.

"Equity losses over $2 trillion"

Why should that matter? QE has pushed up stock prices beyond any resonable level, so what meaning do these book values hold? Not to mention that a lot of people made a shitload of money by shorting these stocks, including George Soros against Deutsche.

"There'll be no more money"

QE never trickled down anyway, makes no difference. Corbyn's people call their version "QE for the People" and "Green QE" for a reason: the previous version was only meant to prop up banks and stock values.

--------------

On a more general note, the hatred, the racism, the xenophobia... in most cases, it's a pressure valve. You leash out against someone else, you need someone to blame. The narrative is that we're living in a meritocracy, which makes it your fault that you didn't inherit an investment portfolio. So you start blaming yourself. You're a fuck-up. You worked hard and not only didn't climb the ladder, you actually went down. There's depression for ya. Guess what happens if someone, a person of perceived authority, then comes along and tells you it's not your fault, it's the fault of the immigrants. That narrative is very appealing if history is any indication. Even the supposedly most prosperous country in the EU, Germany, has the very same issue in the eastern parts, where there is no hope for a meaningful job.

People need work, meaningful work. Wanna guess how many of those "xenophobes" would be out in the street protesting against immigrants if they had a meaningful job with decent pay? Not to many would be my guess.

So the likes of Nigel Farage and Boris Johnson are providing the narrative. But the lack of social cohesion is a result of market fundamentalism, of Thatcherism, of Third Way social-democrats leaving the lower half of the income distribution to the wolves. You can't exclude large swaths of the population from the benefits of increased productivity, etc. Social dividend, they called it. It's what keeps the torches and pitchforks locked away in the barn.

Stephen Colbert Is Genuinely Freaked Out About The Brexit

ChaosEngine says...

Good article, but Greenwald is missing one key point:
it's not just the "media elite" who can't understand the Leave vote. Most "normal" people outside England and Wales are perplexed by this too.

Talk to the average person on the street in Ireland, Scotland, France, Germany, etc. and they'll tell you the same things:
a) the leave vote was the wrong decision
b) it was brought about through fear mongering and lies

So that leaves two possibilities:

1. the rest of the EU are media-brainwashed idiots and the people who saw the light were Nigel Farage and Boris Johnson and the kind of people now screaming racist abuse at "foreigners" (aka anyone non-white or with a foreign ancestry even if they were born in the UK).

or

2. it really was a dumb idea.

billpayer (Member Profile)

Russell Brand debates Nigel Farage on immigration

A10anis says...

"Russell Brand destroys Nigel Farage on immigration"???
I can only assume you are joking. Brand was WAY out of his depth. In fact, much as I dislike the pseudo revolutionary, vainglorious half wit, I actually felt sorry for him. He was put firmly in his place by one astute person; "If you think you can, why don't you stand (for election)?" His response; " Mate, I'm frightened I'd become one of them." So, he doesn't even have confidence in his own childish rhetoric. He calls for anarchy just as long as he is not at the helm. He should put up, or shut up. Oh, and his call for people not to vote is one of the stupidest, most irresponsible things I have heard in a while.

Miserable Fat Belgian Bastards

Miserable Fat Belgian Bastards

MEP Tells Off Technocrats in the EU Parliment

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