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Yves Smith — Political Precariat

Summary:
The point of the material cited in the post is the ripeness of the precariat politically for the left.  My sense is that the precariat is also ripe for the right and that is the probable direction given the rise of nationalist populism globally in reaction to the consequences of neoliberal globalization for most people other than the top quintile, with the bulk of the gains going to the top 0.01%.  So far the so-called left seems splintered, fractured and in disarray in comparison with the simple messaging of the so-called alt-right. Naked CapitalismPolitical PrecariatYves Smith

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Mike Norman writes The London Economic — Almost half of all Brits now admit they struggle to make ends meet


The point of the material cited in the post is the ripeness of the precariat politically for the left. 

My sense is that the precariat is also ripe for the right and that is the probable direction given the rise of nationalist populism globally in reaction to the consequences of neoliberal globalization for most people other than the top quintile, with the bulk of the gains going to the top 0.01%. 

So far the so-called left seems splintered, fractured and in disarray in comparison with the simple messaging of the so-called alt-right.

Naked Capitalism
Political Precariat
Yves Smith
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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