Cailean Buchanan
4th May 2008
Much has been made of the collapse of the New Labour vote at the local elections. What is really striking is this: two British Prime Minister’s have burnt out in less than a year. Brown is now less popular than Blair and its fair to suppose that his successor will rapidly become more unpopular still. This unprecedented situation is undoubtedly a reflexion of the collapse of British financial power and the attendant economic crisis. But it also reflects the impotence of government in the face of it. For Britain is now a fully-fledged oligarchy where good governance is, at every turn, subordinated to the power of financiers feverishly engaged in looting the country, its treasury, its public assets, its pension funds, its local authorities and its people; the kind of regime which was once reserved for our colonies.
In These New Times 