The Price of Screwing Workers

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The only economic program centrist politicians had to offer in the Western world over the last 30 years was the continuation of globalization, offset with redistribution to compensate the “losers.” Whenever fiscal constraints appeared, those redistributive measures were the first to go, even if they weakened government accounts. Thus were low-wage workers sold out.

The victory of the Leave campaign in the UK and the Republican nomination of Donald Trump in the United States represent a revolt of working-class voters against the mainstream politicians who mortgaged their futures. Only time will tell what the long-term results will be, but the chances of a trans-Atlantic recession in the short-term just got a whole lot better.

The only possible bright side is that this marks the first time in contemporary economic history that the wealthy have paid a direct, tangible price for screwing over working people. This might change the political and economic calculus of class warfare. In the meantime, of course, the poor will suffer the worse. What else is new?

Author: Rob Field

Campaign worker, policy wonk, history buff.

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