The left and the elections – don’t mourn, organise
As the election gets closer, everyone has an opinion on what needs to be done for their party to be successful.
We are actually living in a bit of an economic and political bubble. Employment is up. Many people don’t feel too badly off. The economy has done better than those in Europe or the US. Much of this is a consequence of the “wealth effect” from a speculative property boom that benefits property owners at least. This is coming to an end sooner rather than later. The other driver of growth has been population growth through immigration which is also being wound down by the government.
On a world scale, capitalism will enter a new recession over the next year or two which will have unpredictable consequences.