The folly of the masses has replaced the wisdom of crowds as the dominant theme of our politics. By John Gray
All that seemed solid in liberalism is melting into air. In Europe the EU struggled for over seven years to reach a trade deal with Canada, one of the most “European” countries in the world; at the same time, banking crises are festering in Italy and Germany and the continuing migrant crisis continues to strengthen far-right parties. In Britain Jeremy Corbyn’s strengthened hold over Labour following an ill-considered attempt to unseat him has reinforced a transformation in the party that reaches well beyond his position as leader. At a global level, Vladimir Putin is redrawing the geopolitical map with his escalating intervention in Syria, while the chief threat to the repressive regime Xi Jinping is building in China appears to be a neo-Maoist movement that harks back to one of the worst tyrannies in history. A liberal order that seemed to be spreading across the globe after the end of the Cold War is fading from memory.
Faced with this shift, liberal opinion-formers have oscillated between insistent denial and apocalyptic foreboding. Though the EU is barely capable of any action, raddled remnants of the old regime – Ed Miliband, Clegg, Mandelson, “the master” himself – have surfaced to demand that Brexit be fudged and, in effect, reversed. Even as the US election hangs in the balance, many are clinging to the belief that a liberal status quo can be restored. But Trump’s presidential campaign has already demolished a bipartisan consensus on free trade, and if he wins, a party system to which his Republican opponents and Hillary Clinton both belonged will be history. Dreading this outcome and suspecting it may yet come to pass, liberals rail against voters who reject their enlightened leadership. Suddenly, the folly of the masses has replaced the wisdom of crowds as the dominant theme in polite discourse. Few ask what in the ruling liberalism could produce such a debacle.