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July 03, 2019

Comments

pablopatito

I dunno, Rees-Mogg, Farage and Johnson didn't come across as very optimistic about the EU.

Mark

Perhaps so, though polling suggests Boris Johnson's anointment would result in the Tory Party gaining popular support, particularly among non-traditional Tory voters outside the south east. So plenty of working class and younger people buy into his optimism.

Phil

Cf. Rees-Mogg being described, by people who really ought to know better, as 'gracious' and a thoroughly nice chap on a personal level. If you've gone through life being - not to put too fine a point on it - obeyed by everyone around you, why wouldn't you be nice? If "I say, would you mind awfully letting me through?" gets the same results as "out of my way, plebs!" - every time - it's the first one you're going to use; it's less effort, apart from anything else.

There's also a more basic, material reason for Johnson to think everything's going to be pretty much all right. Everything *will*, not only for him but for just about everyone he knows in the world. Human sympathies will only stretch so far.

As for why people buy into it, there's a regrettably deep-rooted tendency to confuse education with wisdom, and in particular to think that somebody who's clever with language must have spent a great deal of time thinking about how the world works. If you spell it out like that it's obviously false, but it seems to meet a need - perhaps people want the reassurance of feeling that *somebody* knows how things work. (Cf. the assumption that anyone who's made a lot of money in business must have spent a lot of time finding out how the world works.)

billb

The leaders of Extinction Rebellion come from much the same background as Rees-Mogg, Farage and Johnson. But they don't sound the least bit optimistic.

georgesdelatour

“Individuals who begin their lives by observing an economic downturn remain pessimistic and risk averse with respect to investments over the course of their lifetimes.”

I don’t think this is true. But if it was, wouldn’t it be an argument against allowing a lot of Third World immigration? After Idi Amin had confiscated all the wealth of the Ugandan Asians, the theory would predict that they and their children wouldn’t make a success of life in the UK. My understanding is that they mostly thrived.

The current generation of Chinese billionaires - people like Jack Ma - would have all experienced the national psychosis of the Cultural Revolution in their youth. The theory suggests they’d be constantly expecting Cultural Revolution Mk II to kick off real soon now, and this would kill off entrepreneurialism.

George Soros experienced the kind of youth which the theory predicts ought to be fatal to business success.

Blissex

«The theory suggests they’d be constantly expecting Cultural Revolution Mk II to kick off real soon now, and this would kill off entrepreneurialism»

Rich chinese people are exporting wealth and family from China as fast as they can, and most of their businesses are short termist. Same in the UK in the 30s, and in Italy and Greece for a long time.

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