The Daily Parker

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The Tory catastrophe

Two writers in the Times looked at two different aspects of the Conservative party's ongoing vandalism to the United Kingdom. First, David Wallace-Wells tracks the post-Brexit economic declines:

By the end of next year, the average British family will be less well off than the average Slovenian one, according to a recent analysis by John Burn-Murdoch at The Financial Times; by the end of this decade, the average British family will have a lower standard of living than the average Polish one.

On the campaign trail and in office, promising a new prosperity, Boris Johnson used to talk incessantly about “leveling up.” But the last dozen years of uninterrupted Tory rule have produced, in economic terms, something much more like a national flatlining. In a 2020 academic analysis by Nicholas Crafts and Terence C. Mills, recently publicized by the economic historian Adam Tooze, the two economists asked whether the ongoing slowdown in British productivity was unprecedented. Their answer: not quite, but that it was certainly the worst in the last 250 years, since the very beginning of the Industrial Revolution. Which is to say: To find a fitting analogue to the British economic experience of the last decade, you have to reach back to a time before the arrival of any significant growth at all, to a period governed much more by Malthusianism, subsistence-level poverty and a nearly flat economic future.

As Burn-Murdoch demonstrates in another in his series of data-rich analyses of the British plight, the country’s obvious struggles have a very obvious central cause: austerity. In the aftermath of the 2008 global financial crisis, and in the name of rebalancing budgets, the Tory-led government set about cutting annual public spending, as a proportion of G.D.P., to 39 percent from 46 percent. The cuts were far larger and more consistent than nearly all of Britain’s peer countries managed to enact; spending on new physical and digital health infrastructure, for instance, fell by half over the decade. In the United States, political reversals and partisan hypocrisy put a check on deep austerity; in Britain, the party making the cuts has stayed steadily in power for 12 years.

Over two centuries, a tiny island nation made itself an empire and a capitalist fable, essentially inventing economic growth and then, powered by it, swallowing half the world. Over just two decades now, it has remade itself as a cautionary tale.

The Tories' lazy malfeasance in promoting and then implementing Brexit may also unwind 25 years of community-building on Eire in ways literally everyone predicted, says writer Christopher Caldwell:

Ireland remains part of the European Union but Northern Ireland no longer is — and yet the two parts of the island are bound by trade and a 25-year-old peace treaty that helped defuse a terrorist conflict between Protestant unionists and Catholics.

Those loose ends were tied up in a little-understood clarification of Brexit called the Northern Ireland protocol, ratified in January 2020. It looked like a mere codicil three years ago; now it looks like a serious diplomatic blunder that could threaten Britain’s territory and the region’s peace.

[Former Prime Minister Theresa] May promised — too hastily, in retrospect — to honor the 1998 Good Friday peace agreement among Britain, Northern Ireland’s political parties and the Republic of Ireland. One of the main things the agreement did was to bind together the economies of Ireland’s north and south. But adapting that arrangement to a post-Brexit world came at a steep constitutional price for the north. To protect the European single market against smuggling and the transfer of unauthorized goods through Northern Ireland, a customs border would be established between Northern Ireland and Britain. To administer the single market, the European Court of Justice was given authority to interpret E.U. law in Northern Ireland.

Caldwell seems to favor UK independence from the EU, but he makes a good point. Something has to give. And it looks like even odds whether Brexit winds up unifying Eire into one Republic of Ireland, or reigniting the Troubles. Can't wait to find out...

Comments (1) -

  • David Harper

    1/29/2023 7:53:03 PM +00:00 |

    Apropos the ongoing folly of Brexit, I have found that Fintan O'Toole of the Irish Times has written some of the most incisive analysis of Brexit over the past six years.  William Keegan's fortnightly column in The Observer is also good, as is Chris Grey's weekly blog at https://chrisgreybrexitblog.blogspot.com/  In addition,  Grey and O'Toole have both written excellent books on Brexit.

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