Skip to main content

Nigel Farage, Political bounder

Nigel Farage could be name from the pen of  PG Wodehouse, and if so, it would clearly be a name to represent a bad lot

In real life the actual Nigel Farage, with his tobacco scented, saloon bar heartiness and rather loud taste in shirts, in fact comes close to the Wodehousian archetype. He is a man who Jeeves would undoubtedly view with disfavour- too loud and somehow too... well, vulgar, a wide boy, rather than a gentleman. Mr. Farage himself would probably cheerfully concur, regarding his personal brashness with some pride, as the antithesis of the machine politician that he affects to despise. In the looking-glass world of UKIP, a gaffe is not a mistake, but proof of humanity, and populist point scoring is not political immaturity, but a respect for the democratic process.

Except that in the real world, UKIP has a huge mountain to climb to even match the Green's single, lone representative in the House of Commons. UKIP support is broad, but shallow and in no Parliamentary constituencies does it look as though Mr. Farage can get over the line and into the elected national political assembly. Neither does the party have much local representation, so the idea that "UKIP can be part of a coalition, post 2015" is really pretty fanciful. 

Yet, the fact is that UKIP has had considerable indirect influence. The Conservatives, much against the initial better judgement of David Cameron, are poised to try to address the issue of British relations with the EU, and up until now, it is the anti-European skein of thought that has been making the running. Yet, as the prospect of an in/out referendum looms, the realization of how much Britain has to lose is beginning to settle over business leaders, and there is now the beginnings of a serious fightback against the isolationist wing of the Conservatives, who have come under the spell of UKIP. The Anti-Europeans have had all the air time, so it is hardly surprising that the polls show growth in their support. Yet the reality is that the debate is only now beginning to take place- and in the end, far from the "antis" looking set for victory, it may well be that they face a final and complete defeat. There is a substantial body of opinion in the UK that views the prospect of a semi-detached membership, still less a withdrawal, with profound concern. 

The critical problem for the Conservatives lies in simple electoral calculation.  That is to say the indirect impact that UKIP can have on Conservative votes in marginal seats. There are several seats where the UKIP vote is greater than the majority of the winning candidate- and this has certainly already cost seats for the Conservatives. If the UKIP surge were to continue, then the Tories, who already face a difficult task to secure a Parliamentary majority, will find that it would take a truly massive lead over Labour in order to secure even the most minimal majority.

The conventional wisdom suggests that Labour's unprincipled populism will deliver them a majority in 2015, yet it may well be that Labour loses the popular vote. What then would be the legitimacy of such a government in such circumstances? Of course as always there is the pressure of "events". The shambles that Mr. Farage has made over the removal of the leader of his party's Youth organisation suggests that things may be very far from plain sailing for UKIP in the coming months. Likewise Labour too may face greater scrutiny, as they yield to their authoritarian populism- banning Frosties and the like. 

Neither "Libertarian" populism nor Authoritarian populism are likely to deliver successful policy.

So as we enter 2013, the bounder Nigel Farage is full of beans. Yet, as Jeeves could tell him,  bounders and cads rarely prosper in the longer term. The denouement for this particular comedy is unlikely to prove entirely what the wide boy Mr Farage expects. 

Perhaps 2013 may give Messrs. Miliband and Balls some pause too.


Popular posts from this blog

Trump and Brexit are the Pearl Harbor and the Fall of Singapore in Russia's Hybrid war against the West.

In December 1941, Imperial Japan launched a surprise attack on the United States at Pearl Harbor. After the subsequent declaration of war, within three days, the Japanese had sunk the British warships, HMS Prince of Wales and HMS Repulse, and the rapid Japanese attack led to the surrender of Hong Kong on Christmas Day 1941 and the fall of Singapore only two months after Pearl Harbor. These were the opening blows in the long war of the Pacific that cost over 30,000,000 lives and was only ended with the detonations above Hiroshima and Nagasaki.

"History doesn't often repeat itself, but it rhymes" is an aphorism attributed to Mark Twain, and in a way it seems quite appropriate when we survey the current scene. 

In 1941, Imperial Japan, knowing its own weakness, chose a non-conventional form of war, the surprise attack. Since the end of his first Presidential term, Vladimir Putin, knowing Russia's weakness, has also chosen non-conventional ways to promote his domestic powe…

The American National nightmare becomes a global nightmare

It is a basic contention of this blog that Donald J Trump is not fit for office.

A crooked real estate developer with a dubious past and highly questionable finances. he has systematically lied his way into financial or other advantage. His personal qualities include vulgarity, sexual assault allegations and fraudulent statements on almost every subject. 

He lost the popular vote by nearly three million votes.

He has, of course, been under criminal investigation practically since before he took the oath of office. The indictment of some of closest advisers is just the beginning. His track record suggests that in due course there is no action he will not take, whether illegal or unconstitutional in order to derail his own inevitable impeachment and the indictments that must surely follow the successful investigation of Robert Mueller into his connections with Russia.

However, all of that is a matter for the American people. 

It is also a matter for the American people that Trump is cheating…

The rumbling financial markets

Security specialists use a variety of ways to address the risks that they face: and these risk assessments are made in the certain knowledge that the actors in the system hold only incomplete information. Although much mocked at the time, Donald Rumsfeld’s categorization of “known unknowns” and “unknown unknowns”, is now generally recognized as a succinct summery of his strategic quandaries.
By contrast, actors in the financial markets have a more sanguine assessment of the risks they deal with: they divide them into two kinds of risk: quantifiable and unquantifiable. Unquantifiable risk is not generally considered, since there is usually no financial profit that can be made except from pure supposition. Therefore for the purposes of the financial markets, any given event is priced relative to its level of probability, that is to say its quantifiable risk. 
Depending on the market, higher levels of risk generally carry higher prices, lower levels generally lower prices. Clearly such an…