IN THE MARKETS WE TRUSST. A Brief Review of the UK Government’s U-turn in the face of the BOE’s intransigence.
October 18, 2022 2 Comments
The delusional Truss became the most short-lived Prime Minister in British history. Boris Johnson is trying to regain the Premiership. In the article I posed the question whether the populist wing of the Tory Party had been crushed or not? The answer is it has. Therefore, it is highly unlikely that Johnson will prevail especially now that the markets have stated they will not tolerate any further political instability.
THEPLANNINGMOTIVE.COM 
“The humiliation of the clumsy Truss by the markets demonstrates once again that it is the economy that dominates politics and not the other way around.”
Exact. This accurate, Marxist and fundamental idea links with his excellent previous article analyzing the fall of Boris Jhonson. And it links with the third variable of a precise and complete political formula of V. Lenin to describe the pre-revolutionary situations: 1. Extreme Misery 2.- Massive workers’ protests 3.- Weak governments and 4.- A revolutionary party. The fall of Liz Truss is one more confirmation that the global economic situation has undergone a qualitative leap in this year 2022 due to the intensification of two of the main contradictions of the capitalist model (Ukrainian War and Climate Change) and has accelerated the Lenin’s first variable of extreme misery for the working classes. This declining economic structure almost mathematically forces the fall of both right-wing and left-wing populist governments in Europe and the rest of the World-System, and this fall of Governors is going to be very frequent from now on. Phenomenon of Governments with decreasing numbers that has been taking place since the 1980s and a phenomenon that studies the theory of the revolutionary cycle, but that is another topic. All the best,
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