Add them up: in Australia, Britain and now the United States, left gives way to right — or, rather, ins give way to outs. Hillary Clinton last week was the emissary of a de-mandated President. Is there a pointer for our politics?
What do we share with those three “Anglo” countries? A long period of widening inequalities, slowing or stalled growth in real incomes for large numbers and falls for many, offset by bubble economics which allowed an illusion that rising prosperity could be borrowed without repayments — then, since 2008, a hard post-bubble reality. Even in mineral-rich Australia credit and retail statistics are reflecting a squeeze on households in most states.