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The Economics and Politics of Brexit: The Realignment of British Public Life Kindle Edition
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We are now living in a new era of British politics, the tenth such since the English invented modern party politics in 1671. How did this come about? That is the subject of this book. The story told here is that we should not think of Brexit as an act of inexplicable national self-harm, a moment of collective madness, or as something that makes no sense. Rather it was the outcome of a change in the way politics was structured, of a kind that had happened before. This is the process of realignment, the replacement of the old aligning issue by a new one and the working out of this in electoral and party politics.
This book lays out the theory of realignment and complements it with historical illustrations. It then uses this theory to tell the story of Britain’s newest realignment.
Stephen Davies, a Senior Fellow at AIER, is the Head of Education at the Institute for Economic Affairs in London.
The American Institute for Economic Research in Great Barrington, Massachusetts, was founded in 1933 as the first independent voice for sound economics in the United States. Today it publishes ongoing research, hosts educational programs, publishes books, sponsors interns and scholars, and is home to the world-renowned Bastiat Society and the highly respected Sound Money Project. The American Institute for Economic Research is a 501c3 public charity.
- LanguageEnglish
- Publication dateApril 27, 2020
- File size5625 KB
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Product details
- ASIN : B087SR411C
- Publisher : American Institute for Economic Research (April 27, 2020)
- Publication date : April 27, 2020
- Language : English
- File size : 5625 KB
- Simultaneous device usage : Unlimited
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Not Enabled
- Word Wise : Enabled
- Sticky notes : On Kindle Scribe
- Print length : 193 pages
- Best Sellers Rank: #1,220,576 in Kindle Store (See Top 100 in Kindle Store)
- #354 in Political Parties (Kindle Store)
- #1,139 in Political Parties (Books)
- #2,819 in History of United Kingdom
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According to Davies four groups of voters made up the alignment from the 1970’s to the 2010’s: Social Democrats, Libertarians, Traditional Collectivists and Free Market Conservatives. Davies contends that the political realignment of the 1970’s – ushered in by Margaret Thatcher – reached a dead end by 2010. Both the Conservative and Labour Parties stood for economic liberalism and social liberalism. Economic issues were central to both parties. The differences were minimal.
But over the past ten years questions of culture and identity overtook economics as the central political issues. The proponents of Brexit rejected the globalist, supranational direction of the nation, arguing for a return of national sovereignty to protect British culture and traditions. Immigration, of course, was one of the issues. But Davies argues that it was only one of several issues driving Brexit. As Davies makes clear, the London focused elites completely misjudged the depth of the feeling of the nation about this. Political entrepreneurs like Nigel Farage of the United Kingdom Independence Party (UKIP), however, grasped this change and ran with it. The Conservative Party leadership’s decision to offer a referendum on the European Union was done to try to neutralize the potential threat of UKIP on the right.
Davies discusses how both the Conservative and Labour Parties were split by the Brexit question. His detailed, yet clear discussion of the tensions within each coalition are worth a careful reading. But it was the Conservatives who understood that they had to act quickly to preserve their position as the only party on the Right. Davies credits the oft derided Theresa May for starting to turn the Conservatives towards a nationalist position. Boris Johnson took over, purged the party of the Brexit opponents and completed the transition.
Davies says that the Emergent New Alignment consists of four groups of voters: Radical Cosmopolitans, Cosmopolitan Liberals, National Collectivists and National Liberals. The Conservative Party led by Johnson has a lock on the National Liberals and won a lot of traditional working class Labour voters from the National Collectivist side to win the election of 2019. The Conservative Partsy took control of the Right. According to Davies, the Labour Party does not yet know how to respond to this new alignment. If they do not, then their very existence is at stake.
The book is accessible to American readers. Davies has spent plenty of time in the US and understands the American system. He has obviously written the book with an eye to American readers. The book is very balanced and non-partisan. Highly recommended.
Although it may be true that the ‘Remain’ side overestimated their strength, and an opposition leader (Corbyn) was not acceptable as a prime minister to most people, the process that led to the ill-fated referendum, and thence to two disastrous general elections are all astutely analysed by the author, and written with the skills of a seasoned journalist. Though some years have now passed, and Britain is well and truly out of the EU, the insight into how it all happen is important, especially for the British people who may still be wondering what has happened to their nation.
The answer, as Davies has stated, lies in a realignment of the political forces. This book goes beyond that, as it provides a illuminating account of how the British government overcame the Fixed Term Parliament Act to carry out the second general election. And from there, Davies ends with a simple question still on everyone’s mind after all these years, ‘What now?’ Being in the EU was more economic than political. With the Russian-Ukrainian war going on, the world’s economy may be hard hit.
Davies is banking on a new, clearer form of liberalism. Is that possible – especially when, as Davies points out in this book, there is not just one realignment in Britain, but several. The realignment in England is not the same as that in Scotland, or Wales. Judging by his analysis, the two-party state has become far more complex, and the answer to what’s next, more elusive.
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The central ‘aligning issue’ has, he believes, shifted from economics where it has been since roughly the 1920s to nationalism and culture. The 2016 referendum result and more so the 2019 general election result are mere symptoms of this which has been gradually happening since the early 2000s.
It’s an interesting idea and well presented, however, it already feels a little out of date as in the wake of Covid-19 economic issues seem likely to be pushed back to the fore.
Although it may be true that the ‘Remain’ side overestimated their strength, and an opposition leader (Corbyn) was not acceptable as a prime minister to most people, the process that led to the ill-fated referendum, and thence to two disastrous general elections are all astutely analysed by the author, and written with the skills of a seasoned journalist. Though some years have now passed, and Britain is well and truly out of the EU, the insight into how it all happen is important, especially for the British people who may still be wondering what has happened to their nation.
The answer, as Davies has stated, lies in a realignment of the political forces. This book goes beyond that, as it provides a illuminating account of how the British government overcame the Fixed Term Parliament Act to carry out the second general election. And from there, Davies ends with a simple question still on everyone’s mind after all these years, ‘What now?’ Being in the EU was more economic than political. With the Russian-Ukrainian war going on, the world’s economy may be hard hit.
Davies is banking on a new, clearer form of liberalism. Is that possible – especially when, as Davies points out in this book, there is not just one realignment in Britain, but several. The realignment in England is not the same as that in Scotland, or Wales. Judging by his analysis, the two-party state has become far more complex, and the answer to what’s next, more elusive.

