The preference cascade is building.

brexit

The Brexit vote in Britain has rocked the country with elites and immigrants most affected.

The vote to “Remain” was a majority in Scotland, Northern Ireland and in London and several other large cities with large “immigrant” populations.

Protesters are planning to march to London’s Shard building to demonstrate against the ‘racist’ and anti-migrant rhetoric of the EU Referendum campaign.

The march, announced in a Facebook post by the Revolutionary Socialism in the 21st Century, was due travel from a park in Whitechapel to the headquarters of New Corporation next to the Shard at 6pm.

All is proceeding as expected.

The decision has prompted a large market selloff, which will probably persist until the effects are better understood. Those campaigning to “Remain” have used various threats and predictions of doom, so the immediate result is not unexpected. Of course, the political left is hysterical at the isea that voters don;t want to be governed by remote elites.

On Thursday British voters willfully walked off a cliff when they decided to leave the European Union. The “Brexit” victory is a defeat for Britain, Europe and the global economy.

Tens of millions of Britons voted for isolation — to go it alone — rather than for cooperation. The European Union just lost a sixth of its economy, roughly akin to Florida and California seceding from the United States. The impact on the British economy could be catastrophic. Europe’s unified stance against a reemerging and aggressive Russia will be splintered.

Who could imagine that people would not want a thousand bureaucrats in Brussels, or for that matter Washington DC, micromanaging their lives ? Well, I know someone.

Donald Trump is a happy guy today, and his timing seems to be excellent. Last week, when the “Remain side” was expected to win, he was told it was a serious mistake to go there.

Trump, on his first trip overseas since he embarked on his White House bid, faced criticism in the US for making what was essentially a business trip at a time when his campaign has been faltering, falling behind Clinton in the polls and in fundraising.

Yes, who can imagine a politician actually conducting business and creating real jobs ?

Some in Britain were pleased, and did not put scare quotes over ‘great victory’ as the Guardian did.

There were two referendums on Thursday. The first was on membership of the EU. The second was on the British establishment. Leave won both, and the world will never be the same again.

It’s impossible to overstate how remarkable this victory is. Twenty years ago, Euroscepticism was a backbench Tory rebellion and a political cult. It was a dispute located firmly on the Right with little appeal to Labour voters. It took Ukip to drag it into the centre of political life – given momentum by the issue of immigration – and slowly it has emerged as a lightning rod for anti-establishment activism.

The British Establishment seems to be doing no better then its American cousin.

But this time the establishment consensus coincided with a historic loss of faith in the experts. These were the people who failed to predict the Credit Crunch, who missed the greatest economic disaster to hit us since the Great Depression. And we were supposed to believe them? Slowly the consensus came to resemble not just a conspiracy but, worse, a confederacy of dunces.

The British voters may be joining the preference cascade that began with the Trump Phenomenon. I don’t want to claim clairvoyance but I did say:

Their panic was best articulated last week in The Daily Beast by GOP consultant Rick Wilson, who wrote that Trump supporters “put the entire conservative movement at risk of being hijacked and destroyed by a bellowing billionaire with poor impulse control and a profoundly superficial understanding of the world .?.?. walking, talking comments sections of the fever swamp sites.”

Some might take that as a backhanded compliment. Can the GOP really be so out of touch with the legions of out-of-work Americans — many of whom don’t show up in the “official” unemployment rate because they’ve given up looking for work in the Obama economy? With the returning military vets frustrated with lawyer-driven, politically correct rules of engagement that have tied their hands in a fight against a mortal enemy? With those who, in the wake of the Paris and San Bernardino massacres by Muslims, reasonably fear an influx of culturally alien “refugees” and “migrants” from the Middle East?

The Daily Beast is not exactly the Republican voter and the “GOP Consultant” seems to be ignoring the possibility that his job prospects might be harmed by his contempt for the voters he is supposed to understand and convince.

And now we have had Orlando. And Brexit.

2 Responses to “The preference cascade is building.”

  1. Gerry says:

    I have always enjoyed your comments at Althouse. In my first visit to your blog, I am greeted by commentary upon something I learned at Instapundit: Preference Cascade. Informative, per usual. Very good, doc.