George Monbiot (The Guardian)To one sort of capitalist, the insecurity and chaos that Brexit will bring is horrifying. To the other, it is highly profitable. (...)
Boris Johnson ignored the pleas of businesses and politicians across the UK – especially in
Northern Ireland – to extend the Brexit transition process. Never mind the pandemic, never mind unemployment, poverty and insecurity – nothing must prevent our experiment in unassisted flight. We will leap from the white cliffs on 1 January, come what may. (...)
So it is worth repeating the big question: why are we doing this to ourselves? I believe the answer is that
Brexit is the outcome of a civil war within capitalism.
Broadly speaking, there are two dominant forms of capitalist enterprise. The first could be described as housetrained capitalism. It seeks an accommodation with the administrative state, and benefits from stability, predictability and the regulations that exclude dirtier and rougher competitors. It can coexist with a
tame and feeble form of democracy.
The second could be described as warlord capitalism. This sees all restraints on accumulation – including taxes, regulations and the public ownership of essential services – as illegitimate. Nothing should be allowed to stand in the way of profit-making. (...)
Brexit represents an astonishing opportunity for warlord capitalism. It is a chance not just to rip up specific rules, which it
overtly aims to do, but also to tear down the uneasy truce between capitalism and democracy under which public protections in general are created and enforced. (...)
The chaos it is likely to cause will be used as its own justification: times are tough, so we must slash regulations and liberate business to make us rich again. (...)
Housetrained capitalists are horrified by Brexit. Not only does it dampen economic activity in general, but it threatens to destroy the market advantage for businesses that play by the rules. (...)
Johnson’s government is what warlord money buys. It could be seen as the perfect expression of the
Pollution Paradox, a concept that I think is essential to understanding our politics. What this means is that the dirtier or more damaging an enterprise is, the more money it must spend on politics to ensure it’s not regulated out of existence. As a result, political funding comes to be dominated by the most harmful companies and oligarchs, which then wield the greatest political influence. They crowd out their more accommodating rivals. (...)
Understood in this light, Brexit is scarcely about the UK at all. Oligarchs who have shown great interest in the subject tend to have weak or incomplete ties to this country. (...)
The persistent trick of modern politics – that appears to fool us repeatedly – is to
disguise economic and political interests as cultural movements. Throughout this saga, the media has reported the smokescreen, not the manoeuvres. (...)
Brexit, treading on the heels of the pandemic, is likely to harm the lives and freedoms of millions of people in the UK. But it’s not about us. We are just caught in the crossfire of capitalism’s civil war.
Full article
Rupert Murdoch, pictured in Washington DC in 2013. Photograph: Bloomberg/Bloomberg via Getty Images.
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To one sort of capitalist, the insecurity and chaos that Brexit will bring is horrifying. To the other, it is highly profitable
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