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Duncan Green — Book Review: The Road to Somewhere, by David Goodhart

Summary:
Populism versus elitism in the UK, with implications for elsewhere. Links to other reviews at the end.It's anecdotal rather than based on sociological and poli sci studies, but it's worth a look anyway.There are parallels in other countries and not necessarily close ones since the differences are large.For example, the liberal Western elite projects its values not only on fellow countrymen, which is turning out to be disproven at the polls, but other countries with very different cultures. The result is wishful thinking if not magical thinking that has little correlation with reality.Liberalism is crumbling owing to its internal contradications — paradoxes of liberalism — emerging in the bastions of liberalism like the UK and US.The liberal elite doesn't know how to handle this and is

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Populism versus elitism in the UK, with implications for elsewhere. Links to other reviews at the end.

It's anecdotal rather than based on sociological and poli sci studies, but it's worth a look anyway.

There are parallels in other countries and not necessarily close ones since the differences are large.

For example, the liberal Western elite projects its values not only on fellow countrymen, which is turning out to be disproven at the polls, but other countries with very different cultures. The result is wishful thinking if not magical thinking that has little correlation with reality.

Liberalism is crumbling owing to its internal contradications — paradoxes of liberalism — emerging in the bastions of liberalism like the UK and US.

The liberal elite doesn't know how to handle this and is flailing about to maintain control.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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