by Rakinder Grover
In today's WSJ, Daniel Henninger writes that electorates around the world are casting no-confidence votes against incumbent politicians and bureaucrats. While I personally am not ready to call this a sustainable trend, it's something to keep an eye on - "green shoots"? An excerpt:
Some search for an ideological trend toward the left or right in these votes, but the only evident trend is to strike out at whichever blob is currently in power. Even as Americans turned over their country to liberal Democrats, opinion polls showed that the British people were turning toward the Conservatives for relief from listless Labour.
What accounts for the global electorate's growing disgust with the political overclass? Try this: No matter the ideological cast of these governments, they all hold in common one policy: the inexorable upward march of national indebtedness. It has arrived at the edge of the cliff.
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