WEBVTT - Brexit as Game of Thrones, with Gillian Tett

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<v Speaker 1>I'm Bethany McClain, and this is making a killing interviews,

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<v Speaker 1>exploring the headlines you thought you understood, and finding the

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<v Speaker 1>long term lessons we can all learn from today's business stories.

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<v Speaker 1>So Brexit. I'm a longtime business reporter, but I have

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<v Speaker 1>to admit that Brexit seems a bit to me like

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<v Speaker 1>tax policy or healthcare reform, A big, thorny, multifaceted issue

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<v Speaker 1>that you know you should understand because it's affecting our world.

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<v Speaker 1>But where to start? So let's start with a quick

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<v Speaker 1>recent history lesson. On June twenty third, twenty sixteen, Britain

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<v Speaker 1>held a public vote to decide whether the UK should

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<v Speaker 1>exit the European Union or remain. The vote was for

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<v Speaker 1>Britain to exit or brexit, but just to highlight the obvious,

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<v Speaker 1>that was more than three years ago. Since then, the

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<v Speaker 1>world has watched as the actual Brexit date has been

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<v Speaker 1>delayed twice. It turns out divorce negotiations are just as

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<v Speaker 1>dramatic for political unions as they are from marital ones.

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<v Speaker 1>As of this episode recording, current Prime Minister Boris Johnson

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<v Speaker 1>has said that the UK must leave the EU on

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<v Speaker 1>October thirty first, twenty nineteen perhaps it's not a coincidence

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<v Speaker 1>that that's Halloween. Johnson says this must happen with or

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<v Speaker 1>without a deal. The latter is called no deal Brexit.

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<v Speaker 1>Johnson has actually used the phrase do or die, and

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<v Speaker 1>while most economists believe that no deal Brexit wouldn't lead

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<v Speaker 1>to death, they do predict serious economic harm. I'm deeply

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<v Speaker 1>curious about what the impact of Brexit would be, as

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<v Speaker 1>well as the conditions and personalities that have contributed to

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<v Speaker 1>this whole affair as the Financial Times. As Jillian Tete,

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<v Speaker 1>today's guest on the podcast, has said, Americans used to

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<v Speaker 1>think that British politics is all like Downton Abbey, but

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<v Speaker 1>now it's turning into Monty Python. At the risk of

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<v Speaker 1>analogy overload, you can also think Game of Thrones. Today's

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<v Speaker 1>Brexit politicians are famous for their last minute, desperate moves,

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<v Speaker 1>playground politics, and for having no long term strategy. Chaos

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<v Speaker 1>and unpredictability are the order of the day. As this

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<v Speaker 1>episode goes into production, time was running out to secure

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<v Speaker 1>a deal or an extension, and Bloomberg reported that the

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<v Speaker 1>Bank of England was dusting off its financial crisis playbook.

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<v Speaker 1>While the practicalities of Brexit remain in flux. It's critical

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<v Speaker 1>to understand how we got here, as the fallout from

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<v Speaker 1>Brexit will impact well everything. I'm honored to sit down

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<v Speaker 1>today with Jillian Tete, a British author and the chairman

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<v Speaker 1>of the Financial Times editorial Board in the US. Among

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<v Speaker 1>many other things. Jillian has a way of looking at

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<v Speaker 1>the big picture questions and implications of Brexit. In the

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<v Speaker 1>US as in the UK, We're watching the political norms

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<v Speaker 1>and processes that we've all been used to for the

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<v Speaker 1>last few decades breaking down, which leads to the biggest

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<v Speaker 1>question of all is there a right level of dysfunction

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<v Speaker 1>in modern democracy? So Jillian, let's start with this. Who

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<v Speaker 1>are what is to blame for the chaos that is erupted?

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<v Speaker 1>Is this, in the end a story of personalities and egos?

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<v Speaker 1>Is it a story of this larger trend of nationalism?

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<v Speaker 1>Or is it a story of basic economics. I think

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<v Speaker 1>what you can see when you look at the data

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<v Speaker 1>is a populism right across the Western world has increased

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<v Speaker 1>dramatically since twenty ten. There's a very powerful chart which

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<v Speaker 1>Bridgewater the Hedge Funds put together looking at what proportion

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<v Speaker 1>of the vote goes to populist candidates, and it peaked

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<v Speaker 1>at about forty in nineteen twenty nine, having been a

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<v Speaker 1>lot lower earlier than the century, and then it fell

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<v Speaker 1>back very sharply after World War Two, and from about

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<v Speaker 1>twenty ten onwards it exploded again from a level of

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<v Speaker 1>around five percent to about forty percent. Now, it would

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<v Speaker 1>be very easy to assume that's about economics, and certainly

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<v Speaker 1>the two thousand and eight crisis had a very big

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<v Speaker 1>impact on the political system in that many people felt

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<v Speaker 1>very angry. But unlike the nineteen thirties when populism was

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<v Speaker 1>last is high. The overall economy has not been shrinking

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<v Speaker 1>in the last decade. On the contrary, America has just

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<v Speaker 1>had ten years of growth, and even Europe, including the UK,

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<v Speaker 1>has actually done quite well economically in the last few years.

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<v Speaker 1>Now you can say, well, in that case it's down

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<v Speaker 1>to income inequality, and that's certainly part of the issue.

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<v Speaker 1>But in my view, one of the bigger problems is

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<v Speaker 1>that our political systems are increasingly out of tune with

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<v Speaker 1>our consumer culture and the way that technology has reshaped

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<v Speaker 1>our ideas of what's normal in terms of expressing ourselves

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<v Speaker 1>and getting what we want. So how does that specifically

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<v Speaker 1>impact Brexit or how did that impact the original referendum?

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<v Speaker 1>But what's happened in the UK it's essentially we've had

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<v Speaker 1>a system based around two key political pillars. Parliamentary democracy,

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<v Speaker 1>which means essentially you delegate your chance to have a

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<v Speaker 1>say to a politician on important issues. And then secondly,

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<v Speaker 1>a three party political system which was dominated by the

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<v Speaker 1>Conservatives who were basically sort of free market and Labor

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<v Speaker 1>who were sort of blessed free market, but actually the

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<v Speaker 1>ideological differences between them ten years ago was not very significant. Ithash,

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<v Speaker 1>it's a mishmash. Yes, what's happened is that the referendum

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<v Speaker 1>essentially gave power to the people, not to parliament, and

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<v Speaker 1>in many ways that actually chimes better with modern consumer

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<v Speaker 1>culture because you know, in the UK, like the US,

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<v Speaker 1>people are constantly voting on their phones, whether it's just

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<v Speaker 1>liking or not liking someone's picture on social media, or

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<v Speaker 1>voting for a reality TV show or something like that,

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<v Speaker 1>and so having been given a taste of people power,

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<v Speaker 1>people seems to have really liked it. At the same time,

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<v Speaker 1>the political parties which were based on being pro market

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<v Speaker 1>or anti market have begun to fracture because the issues

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<v Speaker 1>has become increasingly important. It's not based around free or

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<v Speaker 1>unfree markets. It's actually based around the idea of what

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<v Speaker 1>the British nation should be and how it should dovetail

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<v Speaker 1>with Europe or not dovetail. So let's do the political

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<v Speaker 1>parties first before we get to consumer culture. Is it

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<v Speaker 1>right to think then, that the political parties are trapped

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<v Speaker 1>in an old paradigm of free markets versus not free markets,

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<v Speaker 1>where the issues of the day have shifted under them.

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<v Speaker 1>I think it's absolutely the case that the issue that

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<v Speaker 1>divided the political spectrum really during most of the twentieth century,

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<v Speaker 1>which was pro free market or anti free market, is

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<v Speaker 1>no longer the only axis on which political parties are based.

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<v Speaker 1>And that's true in many ways of America as well

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<v Speaker 1>as Europe. These days, question of whether you're a nationalist

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<v Speaker 1>or globalist is increasingly the key question that divides and

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<v Speaker 1>defines people. At the same time, though, there's also a

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<v Speaker 1>bigger problem, which is that the explosion of technology in

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<v Speaker 1>twenty first century has created a sense that people have

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<v Speaker 1>a god given right to customize everything that you the consumer,

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<v Speaker 1>have your iPhone and you can choose to shape the

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<v Speaker 1>world exactly as you want. You can order food as

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<v Speaker 1>you want, you can choose your friends as you want.

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<v Speaker 1>You shape your identity, you shape your news as you want.

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<v Speaker 1>And the idea of traditional twentieth century political parties is

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<v Speaker 1>a bit like vinyl records in the age of the playlist,

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<v Speaker 1>because people today assume that they choose their playlist exactly

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<v Speaker 1>as they like, and no one's playlist is going to

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<v Speaker 1>be the same as anyone else's. And the idea of

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<v Speaker 1>just accepting preset music packages just it isn't in tune

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<v Speaker 1>with consumer culture. So would you argue that increases unpredictability.

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<v Speaker 1>I think people are increasingly going for what I call

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<v Speaker 1>pick and mix politics, like pick and mix consumer culture.

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<v Speaker 1>They're going for shiny brands, shiny ideas, shiny people. So,

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<v Speaker 1>whether it's nationalism or Brexit or Green New Deal or

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<v Speaker 1>Trump the ebody politician, that's been the trend. And it's very,

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<v Speaker 1>very volatile and very hard to predict what's going to

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<v Speaker 1>happen because what you're seeing are these constant explosions of

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<v Speaker 1>what I call cyber flash mobs, people getting very angry

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<v Speaker 1>or very excited about an issue online, seemingly out of nowhere.

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<v Speaker 1>So is the shininess, the shiny object phenomenon, the cyber

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<v Speaker 1>flash mob. This seems to me to be synonymous with

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<v Speaker 1>a certain kind of short term thinking that is ruling

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<v Speaker 1>our world, is at the expense of a longer term,

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<v Speaker 1>more strategic thinking, or is it every bit is honest

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<v Speaker 1>and strategic in its way. Well, the good news about

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<v Speaker 1>what I call this new era of pic and mixed

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<v Speaker 1>politics and people power of you like, is that it

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<v Speaker 1>does create a sense of being empowered, and often it's empowered,

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<v Speaker 1>and it can sometimes be used for good because if

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<v Speaker 1>you think how environmental issues come out of nowhere and

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<v Speaker 1>suddenly coalesced around figures like Greta Tumberg, that's an example,

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<v Speaker 1>if you like a populism for good or even hashtag

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<v Speaker 1>met the gender battles. But the problem, of course, is

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<v Speaker 1>that you can't ever have a situation of long term

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<v Speaker 1>planning and you can't talk about trade offs very easily

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<v Speaker 1>when you're dealing with one dimensional, single issue political movements. Yes,

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<v Speaker 1>instant gratification and trade offs are kind of two different

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<v Speaker 1>modes of thinking, right absolutely, And if you look at

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<v Speaker 1>what's happened in Britain turned up to Brexit, you know,

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<v Speaker 1>why did Brexit happen? I do think the cultural politics

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<v Speaker 1>has changed significantly. I do think that two thousand and

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<v Speaker 1>eight left a group of people in England feeling quite

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<v Speaker 1>rightly angry about the way the economic structures had been formulated.

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<v Speaker 1>And there's certainly a sense that people were getting fed

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<v Speaker 1>up with the bureaucratic remoteness of Brusthels and European Commission

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<v Speaker 1>because it didn't in any way, shape or form seemed

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<v Speaker 1>to be democratic as far as people were concerned in

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<v Speaker 1>their everyday lives. So that all contributed this general direction.

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<v Speaker 1>But the way that the Brexit issue was aid amongst

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<v Speaker 1>the public was that people seized on it as a

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<v Speaker 1>reason for their discontent and tragically voted for it without

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<v Speaker 1>really having much idea what it actually was going to

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<v Speaker 1>be or what it was. And what's become very clear

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<v Speaker 1>in the intervening period of time is that even the

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<v Speaker 1>leaders who were championing Brexit had no idea what it

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<v Speaker 1>was going to be. So is it fair to say

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<v Speaker 1>that Brexit in a way masqueraded as empowerment. In other words,

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<v Speaker 1>it was empowerment in the guise of or it was

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<v Speaker 1>chaos and the guise of empowerment in the sense that

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<v Speaker 1>people ultimately made a choice that may not be in

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<v Speaker 1>their best interests. People votive of a Brexit for many reasons.

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<v Speaker 1>Some people had sat down and really clearly thought, yes,

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<v Speaker 1>I want to be free of the European Union and

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<v Speaker 1>recreate Britain in a different image. And those people who

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<v Speaker 1>had that feeling tended to split into two camps. Some

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<v Speaker 1>wanted to recreate a very free market Britain and make

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<v Speaker 1>it turn it into a Hong Kong or Singapore off

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<v Speaker 1>the edge of Europe. Others were just filled with nostalgia

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<v Speaker 1>year and what I call the Daily Mail party, who

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<v Speaker 1>wanted to go back to village greens and cricket and

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<v Speaker 1>all those kind of things, and that was very backward

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<v Speaker 1>looking and ironically quite anti free market. So you had

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<v Speaker 1>two very different visions of how to run the country

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<v Speaker 1>in a Brexited scenario for those people who wanted out.

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<v Speaker 1>But what's really tragic because I think that lots of

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<v Speaker 1>people just voted Brexit because they wanted to kick the elite,

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<v Speaker 1>or they were angry, or it seemed like something which

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<v Speaker 1>just expressed how they felt at the time in terms

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<v Speaker 1>of we just want to shake it up. A bit.

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<v Speaker 1>One of the tragedies of the UK, both a blessing

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<v Speaker 1>and the tragedy, is it's kind of been quite a

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<v Speaker 1>secure place for many, many, if not decades and centuries,

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<v Speaker 1>so people in the UK don't really know how systems

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<v Speaker 1>can crumble and how fragile countries can be, and I

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<v Speaker 1>think they're probably a bit complacent and careless. I want

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<v Speaker 1>to come back to that. But something you said it

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<v Speaker 1>is super interesting because it seems to me that it's

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<v Speaker 1>an odd clash of the nostalgia for an old world

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<v Speaker 1>combined with the embrace of the shiny new object. And

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<v Speaker 1>so it's this odd combination of these two factors that

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<v Speaker 1>helped create Brexit, at least in part. There's definitely a

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<v Speaker 1>sense of nostalgia amongst many people in the UK, particularly

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<v Speaker 1>the older generation. In many many families, including my own,

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<v Speaker 1>the older generation voted for Brexit on some general sense

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<v Speaker 1>of frustration with how the world had become and a

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<v Speaker 1>sense of nostalgia too, and the younger generation didn't. So

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<v Speaker 1>that was definitely part of it, and you can see

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<v Speaker 1>that in the polling data. In an overwhelmingly Brexit was

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<v Speaker 1>something that older people voted for and overwhelmingly the younger

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<v Speaker 1>people did not, but there was also a sense of

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<v Speaker 1>just well, you know, stick it to them. We're fed

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<v Speaker 1>up with these remote, facist bureaucrats in Brussels, who are

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<v Speaker 1>you know, shaping our destiny in ways that we don't

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<v Speaker 1>don't like and don't have a saying. How much of

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<v Speaker 1>it was this sense that the European Union us bureaucracy

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<v Speaker 1>that was unanswerable to any real people. There was definitely

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<v Speaker 1>a sense of frustration with the bureaucracy, which was partly

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<v Speaker 1>whipped up by the media and by the Brexit campaign.

0:13:11.800 --> 0:13:14.520
<v Speaker 1>But having actually worked in Brussels myself at an early

0:13:14.559 --> 0:13:17.160
<v Speaker 1>point in my career as a journalist, ironically at the

0:13:17.200 --> 0:13:20.679
<v Speaker 1>same time as Boris Johnson, I can absolutely understand why

0:13:20.720 --> 0:13:23.720
<v Speaker 1>people are disgusted and furious with the Brussels bureaucracy, because

0:13:23.960 --> 0:13:28.000
<v Speaker 1>the reality is the European Union is very bureaucratic, and

0:13:28.240 --> 0:13:31.320
<v Speaker 1>it is very faceless, and the biggest problem of all

0:13:31.360 --> 0:13:33.600
<v Speaker 1>about the European Union is that it was dreamt up

0:13:33.720 --> 0:13:38.280
<v Speaker 1>by a group of unknown officials who people don't feel

0:13:38.360 --> 0:13:41.000
<v Speaker 1>much identity with. And it's very interesting because if you

0:13:41.080 --> 0:13:45.000
<v Speaker 1>turn over a euro note, the currency note, which of

0:13:45.000 --> 0:13:47.200
<v Speaker 1>course the UK doesn't have, but it's very symbolic of

0:13:47.280 --> 0:13:51.319
<v Speaker 1>what's happening. The Euro is the only currency in the world,

0:13:51.400 --> 0:13:54.599
<v Speaker 1>major currency which has no faces on the side of

0:13:54.679 --> 0:13:57.880
<v Speaker 1>the note. It's just got imaginary buildings and they literally

0:13:57.920 --> 0:14:01.720
<v Speaker 1>imagine new buildings because the commit couldn't decide which buildings

0:14:01.760 --> 0:14:04.280
<v Speaker 1>to put onto the urinoes, and they couldn't agree on

0:14:04.280 --> 0:14:07.680
<v Speaker 1>a face, because there is no one individual who acts

0:14:07.720 --> 0:14:10.600
<v Speaker 1>as a founding father or is central to the founding

0:14:10.640 --> 0:14:13.440
<v Speaker 1>mythology of Europe in the same way as America. And

0:14:13.520 --> 0:14:15.760
<v Speaker 1>you might say, well, that's just an accident of history.

0:14:16.160 --> 0:14:19.480
<v Speaker 1>Who cares, But the reality is that Europe's never had

0:14:19.600 --> 0:14:24.080
<v Speaker 1>a central pole around which the popular voters could coalesce

0:14:24.520 --> 0:14:28.760
<v Speaker 1>or shared mythology, and the UK certainly doesn't have any

0:14:28.760 --> 0:14:33.760
<v Speaker 1>sense of shared mythology or founding father sentiment for the

0:14:33.760 --> 0:14:36.600
<v Speaker 1>European Union, and so in the end it end up

0:14:36.680 --> 0:14:38.920
<v Speaker 1>literally being a sort of a bunch of faces bureaucrats

0:14:38.920 --> 0:14:41.560
<v Speaker 1>in the eyes of most British voters. Isn't that so interesting?

0:14:41.600 --> 0:14:45.440
<v Speaker 1>Because there's a modern anonymity to that that seems clean

0:14:45.920 --> 0:14:49.320
<v Speaker 1>and potentially empowering, and that it's not tied to a

0:14:49.440 --> 0:14:52.720
<v Speaker 1>person and yet it's the very facelessness I've been rereading

0:14:52.800 --> 0:14:55.240
<v Speaker 1>Joseph Campbell as well, in the lack of myth around

0:14:55.240 --> 0:14:58.400
<v Speaker 1>it that is also potentially incredibly dangerous, because these myths

0:14:58.520 --> 0:15:01.920
<v Speaker 1>in the founding they or a mother narrative is incredibly

0:15:01.960 --> 0:15:04.440
<v Speaker 1>important to us as people. Well, I'm trained as a

0:15:04.440 --> 0:15:06.560
<v Speaker 1>cultural anthropologist and I have a PhD in it, and

0:15:07.120 --> 0:15:10.240
<v Speaker 1>every single society in the world, as anthropologists, know a

0:15:10.440 --> 0:15:13.160
<v Speaker 1>some kind of founding myth or some kind of shared

0:15:13.240 --> 0:15:17.200
<v Speaker 1>mythology les source of the identity. And I remember being

0:15:17.280 --> 0:15:20.040
<v Speaker 1>very struck when I first started coming to America just

0:15:20.200 --> 0:15:23.840
<v Speaker 1>over a decade ago, that I'd go into bookstores and

0:15:24.080 --> 0:15:26.640
<v Speaker 1>to see shelf off the shelf off the shelf of

0:15:26.760 --> 0:15:30.520
<v Speaker 1>books on the founding fathers in America and someone's coming

0:15:30.520 --> 0:15:32.880
<v Speaker 1>from the UK. That was kind of weird. Yeah, And

0:15:32.920 --> 0:15:35.200
<v Speaker 1>I realized that that was a glue which defines so

0:15:35.320 --> 0:15:40.000
<v Speaker 1>much of the intellectual shared experience in America. I want

0:15:40.000 --> 0:15:42.000
<v Speaker 1>to come back to your point about the arrogance of

0:15:42.080 --> 0:15:45.360
<v Speaker 1>not recognizing fragility, because I think there's yet another link

0:15:45.360 --> 0:15:48.880
<v Speaker 1>between Brexit and the financial crisis involving that. But before

0:15:49.040 --> 0:15:50.640
<v Speaker 1>we go there, let's go back to the people you

0:15:50.720 --> 0:15:53.040
<v Speaker 1>mentioned working with Boris Dance and I always have a

0:15:53.040 --> 0:15:56.040
<v Speaker 1>fascination with the personalities that the hearts of stories. And

0:15:56.080 --> 0:15:58.680
<v Speaker 1>maybe I'm wrong to fixate on Boris dancing, or maybe

0:15:58.720 --> 0:16:01.600
<v Speaker 1>I'm not. You're not wrong to fixate on Bross Johnson.

0:16:01.840 --> 0:16:05.560
<v Speaker 1>I mean, you know, when he began to rise and

0:16:05.600 --> 0:16:08.440
<v Speaker 1>became Mayor of London, many of us were pretty stunned

0:16:09.040 --> 0:16:11.200
<v Speaker 1>and who a journalist who worked with him? And we

0:16:11.360 --> 0:16:13.560
<v Speaker 1>rolled our eyes and went, goodness me, but you know,

0:16:13.600 --> 0:16:15.080
<v Speaker 1>he kind of pulled it off as Mayor of London.

0:16:15.080 --> 0:16:16.960
<v Speaker 1>He didn't do a bad job. Why were you stunned?

0:16:17.080 --> 0:16:18.800
<v Speaker 1>Paused on that. There was a great line I read

0:16:18.840 --> 0:16:21.400
<v Speaker 1>about him about where some of his work as a

0:16:21.560 --> 0:16:23.800
<v Speaker 1>journalist that he had made his name. I think this

0:16:23.840 --> 0:16:25.720
<v Speaker 1>was from a Guardian piece that he made his name

0:16:25.760 --> 0:16:29.320
<v Speaker 1>by almost single handedly developing a compelling narrative that everything

0:16:29.360 --> 0:16:31.920
<v Speaker 1>emanating from the EO was either a lunar or a sinister.

0:16:32.240 --> 0:16:34.520
<v Speaker 1>Toward the end of his time in Brussels, his distorted

0:16:34.520 --> 0:16:37.320
<v Speaker 1>stories had damaged his credibility among his peers in Europe,

0:16:37.320 --> 0:16:40.000
<v Speaker 1>but back home he was becoming a household name. Does

0:16:40.040 --> 0:16:43.280
<v Speaker 1>that sound about right? I think that's entirely accurate every sense.

0:16:43.960 --> 0:16:46.760
<v Speaker 1>Does he stand for anything himself? I think, which is

0:16:46.880 --> 0:16:50.280
<v Speaker 1>very modern in a way. Yep, himself Johnny Japes. You know,

0:16:50.320 --> 0:16:53.520
<v Speaker 1>he's an entertaining performer. He makes people laugh, he gets

0:16:53.560 --> 0:16:56.080
<v Speaker 1>away with a lot. I mean to give him credit.

0:16:56.120 --> 0:16:57.680
<v Speaker 1>He did pretty good job when he was Mayor of

0:16:57.760 --> 0:17:00.920
<v Speaker 1>London because Mayor of London is partly at showmanship and

0:17:00.960 --> 0:17:03.640
<v Speaker 1>about promoting a city, and he had a team of

0:17:03.640 --> 0:17:07.080
<v Speaker 1>people beneath him who were actually running the place. So

0:17:07.119 --> 0:17:10.399
<v Speaker 1>you're partly acting as a cheerleader, come lightning rod for

0:17:10.520 --> 0:17:13.360
<v Speaker 1>popular sentiment about a city, and he did pretty well

0:17:13.400 --> 0:17:16.520
<v Speaker 1>that way. Being Prime Minister is very different. When you

0:17:16.680 --> 0:17:19.960
<v Speaker 1>said at the start of this conversation that the politicians

0:17:19.960 --> 0:17:23.919
<v Speaker 1>didn't necessarily understand what they were unleashing with unleashing with Brexit,

0:17:23.960 --> 0:17:27.480
<v Speaker 1>would you put Johnson in that category. Well. Johnson famously

0:17:27.560 --> 0:17:30.200
<v Speaker 1>wrote two op eds in the last few days, one

0:17:30.359 --> 0:17:32.880
<v Speaker 1>pro Brexit, one Andy Brexit, and he couldn't decide which

0:17:32.920 --> 0:17:35.400
<v Speaker 1>one to adopt, so he could have flipped either way.

0:17:35.800 --> 0:17:37.960
<v Speaker 1>He chose to go with the Brexit side, as much

0:17:37.960 --> 0:17:41.280
<v Speaker 1>to do with his positioning inside the Tory Party, it seems,

0:17:41.440 --> 0:17:45.480
<v Speaker 1>and having gone down that path. He then basically pinned

0:17:45.480 --> 0:17:47.920
<v Speaker 1>his color to that mast with more and more further

0:17:48.240 --> 0:17:53.120
<v Speaker 1>part definitional exercise. Do I think he always believed passionately

0:17:53.200 --> 0:17:57.680
<v Speaker 1>and campaigning against Brussels? No? Was it very convenient for him? Absolutely? Yes,

0:17:58.119 --> 0:18:01.320
<v Speaker 1>so very post Madern in a sense of defining yourself

0:18:01.359 --> 0:18:04.960
<v Speaker 1>according to momentary whims rather than having some deep foundational

0:18:05.000 --> 0:18:07.600
<v Speaker 1>notion of self. Perhaps a little bit similar to the

0:18:07.640 --> 0:18:10.040
<v Speaker 1>lack of a founding myth in an odd way, right,

0:18:10.720 --> 0:18:13.600
<v Speaker 1>I think that he knew how to tap into voters

0:18:13.600 --> 0:18:16.280
<v Speaker 1>and things, and I think that what does probably does

0:18:16.320 --> 0:18:20.520
<v Speaker 1>define him as a generalized belief in the UK as

0:18:20.600 --> 0:18:23.560
<v Speaker 1>a jolly, plucky little country that can stand up on

0:18:23.560 --> 0:18:26.680
<v Speaker 1>the world stage. And he likes the idea of englishness

0:18:26.680 --> 0:18:30.240
<v Speaker 1>in general and championing that. So I do think that's

0:18:30.280 --> 0:18:34.960
<v Speaker 1>probably his guiding instinct. What about the other politicians involved?

0:18:35.000 --> 0:18:38.640
<v Speaker 1>Are there any who you look back and say this

0:18:38.760 --> 0:18:42.320
<v Speaker 1>was admirable or did it feel like the proverbial cluster?

0:18:42.680 --> 0:18:46.520
<v Speaker 1>Among all politicians? There are characters who have stood up

0:18:46.800 --> 0:18:50.520
<v Speaker 1>and tried to champion reason within British political spectrum. I

0:18:50.520 --> 0:18:53.080
<v Speaker 1>am one of those who have dealt with someone like

0:18:53.160 --> 0:18:56.520
<v Speaker 1>Ken Clark for many many years. Who's a Tory, a

0:18:56.600 --> 0:19:01.960
<v Speaker 1>centrist Toy, a very pragmatic, sensible Tory, who has fought

0:19:02.160 --> 0:19:04.560
<v Speaker 1>to try and maintain some reason inside the Tory Party

0:19:04.640 --> 0:19:07.000
<v Speaker 1>very long time. He of course one of the people

0:19:07.040 --> 0:19:10.720
<v Speaker 1>who got kicked out recently, but I'd say Philip Hammond

0:19:10.760 --> 0:19:14.760
<v Speaker 1>was always the rather boring Treasury minister finance minister under

0:19:14.800 --> 0:19:16.840
<v Speaker 1>Trees and May, who actually did quite a good job

0:19:16.840 --> 0:19:19.159
<v Speaker 1>of trying to keep the ship steady. And again he

0:19:19.240 --> 0:19:22.000
<v Speaker 1>got kicked out as part of the recent bloodletting and

0:19:22.080 --> 0:19:26.000
<v Speaker 1>purge of people who defined the no deal Brexit. So

0:19:26.040 --> 0:19:28.040
<v Speaker 1>there are people like that who've tried to stand up

0:19:28.560 --> 0:19:30.960
<v Speaker 1>inside the Labor Party, which in many ways is even

0:19:31.000 --> 0:19:33.960
<v Speaker 1>more tragic given what should be happening there. You know,

0:19:34.000 --> 0:19:37.040
<v Speaker 1>the Labor Party should be seizing on the madness of

0:19:37.080 --> 0:19:40.080
<v Speaker 1>politics and actually formulating a proper opposition, and in fact

0:19:40.080 --> 0:19:44.520
<v Speaker 1>they've veered wildly off to the left and become in

0:19:44.600 --> 0:19:49.000
<v Speaker 1>many ways so alienating they're almost unelectable. Now. Tragically, they're

0:19:49.000 --> 0:19:51.199
<v Speaker 1>again people there who've tried very hard to keep the

0:19:51.240 --> 0:19:55.160
<v Speaker 1>party tethered to some kind of viable strategy. But it's

0:19:55.160 --> 0:19:59.080
<v Speaker 1>been very tough. British politics a day is deeply, deeply tragic.

0:20:00.080 --> 0:20:03.040
<v Speaker 1>So is it more a tale of dysfunction than a

0:20:03.080 --> 0:20:05.520
<v Speaker 1>tale of functioning? And what I mean is looking at

0:20:05.520 --> 0:20:08.640
<v Speaker 1>it from the outside, when you see Parliament pushing back

0:20:08.680 --> 0:20:11.680
<v Speaker 1>against Johnson's plans for a no deal Brexit, it looks

0:20:11.720 --> 0:20:14.560
<v Speaker 1>like dysfunction. But then I wondered, is it function within

0:20:14.680 --> 0:20:16.840
<v Speaker 1>dysfunction is a way of trying to put a check

0:20:16.880 --> 0:20:19.600
<v Speaker 1>on a fairly someone who strikes me as having the

0:20:19.640 --> 0:20:22.159
<v Speaker 1>potential to be a fairly autocratic ruler. And is it

0:20:22.200 --> 0:20:25.399
<v Speaker 1>a form of functioning or is it simply dysfunction. What

0:20:25.520 --> 0:20:28.800
<v Speaker 1>what's happened is essentially the democratic structures are being stress

0:20:28.880 --> 0:20:32.000
<v Speaker 1>tested to the limit. And you know the fact that

0:20:32.000 --> 0:20:35.280
<v Speaker 1>the Parliament pushed back against no deal Brexit is in

0:20:35.320 --> 0:20:37.639
<v Speaker 1>my view, just common sense in saying it would be

0:20:37.680 --> 0:20:41.000
<v Speaker 1>absolute madness just to drive this country off a cliff

0:20:41.040 --> 0:20:43.720
<v Speaker 1>for the sake of making a point. Problem, of course,

0:20:43.800 --> 0:20:45.960
<v Speaker 1>is they pushed back against no deal Brexit. They've tried

0:20:46.000 --> 0:20:49.920
<v Speaker 1>to block it. Johnson then tried to essentially close down Parliament.

0:20:50.640 --> 0:20:52.919
<v Speaker 1>He got overruled by the law courts. And now your

0:20:52.960 --> 0:20:55.960
<v Speaker 1>face with the fundamental problem, which is or three problems.

0:20:56.320 --> 0:20:59.119
<v Speaker 1>One is that no one really knows today what the

0:20:59.200 --> 0:21:01.960
<v Speaker 1>ultimate source of democratic will is. In the UK, it

0:21:02.119 --> 0:21:05.679
<v Speaker 1>used to be parliamentary structures and people delegate their votes.

0:21:06.200 --> 0:21:08.359
<v Speaker 1>Then a long term the referendum and people had a

0:21:08.400 --> 0:21:12.080
<v Speaker 1>direct vote. The consequences of that is that the two

0:21:12.240 --> 0:21:15.719
<v Speaker 1>parliamentary democratic structures are now pitted against each other because

0:21:16.040 --> 0:21:18.760
<v Speaker 1>the results of a popular vote have gone against the

0:21:18.800 --> 0:21:22.480
<v Speaker 1>parliamentary vote. Not clear what rules. And of course the

0:21:22.520 --> 0:21:24.080
<v Speaker 1>old problem is that when the vote was put to

0:21:24.119 --> 0:21:28.080
<v Speaker 1>the British people in the original Brexit referendum, they were

0:21:28.080 --> 0:21:31.240
<v Speaker 1>only really given two options, which was to stay in

0:21:31.280 --> 0:21:33.800
<v Speaker 1>the union or out of the union. And of course

0:21:33.840 --> 0:21:36.040
<v Speaker 1>now on the table there are three options. Says to

0:21:36.080 --> 0:21:38.680
<v Speaker 1>stay in the union, there's to exit with a deal,

0:21:39.080 --> 0:21:41.119
<v Speaker 1>and there's to do a hert brexit and exit without

0:21:41.119 --> 0:21:44.240
<v Speaker 1>a deal. And no one actually knows where the population

0:21:44.320 --> 0:21:47.360
<v Speaker 1>stands if they're faced with those three choices, apart from

0:21:47.359 --> 0:21:49.840
<v Speaker 1>the two which they had initially. What do you think

0:21:49.960 --> 0:21:51.919
<v Speaker 1>do you have a sense of anecdotally of where the

0:21:51.960 --> 0:21:54.639
<v Speaker 1>population would stand, or maybe the better question is do

0:21:54.680 --> 0:21:56.640
<v Speaker 1>you have a sense of where at the right place

0:21:56.680 --> 0:21:59.919
<v Speaker 1>to stand would be? Personally speaking? If it's up to me,

0:22:00.160 --> 0:22:03.359
<v Speaker 1>I'd say we should basically revoke our Article fifty and

0:22:03.359 --> 0:22:05.840
<v Speaker 1>stay within the europeanion. And that's my own personal view.

0:22:06.840 --> 0:22:10.040
<v Speaker 1>I also recognize that many people in the UK are

0:22:10.080 --> 0:22:13.200
<v Speaker 1>just absolutely fed up to the back of their teeth

0:22:13.200 --> 0:22:15.720
<v Speaker 1>with the whole thing. And I also recognize there is

0:22:15.760 --> 0:22:17.840
<v Speaker 1>a chunk of people who generally do you want to leave?

0:22:18.560 --> 0:22:21.040
<v Speaker 1>So my best guess is if you give the population

0:22:21.080 --> 0:22:25.360
<v Speaker 1>those three options today, you'd probably get a majority, slight majority,

0:22:25.359 --> 0:22:27.880
<v Speaker 1>who'd say let's leave with a deal just to get

0:22:27.880 --> 0:22:29.800
<v Speaker 1>it over and done with. But they don't want to

0:22:29.840 --> 0:22:32.960
<v Speaker 1>have a complete hard break because of the economic consequences.

0:22:33.600 --> 0:22:36.480
<v Speaker 1>But it's not clear and why is it in Johnson's

0:22:36.560 --> 0:22:39.680
<v Speaker 1>interest his self interest to push for foreign no deal brexit.

0:22:40.119 --> 0:22:43.480
<v Speaker 1>Johnson's pushing for a no deal brexit partly for internal

0:22:43.720 --> 0:22:46.479
<v Speaker 1>political reasons to keep control of the Tory Party, because

0:22:46.960 --> 0:22:51.040
<v Speaker 1>the majority of the Tory membership, not the parliamentarians, but

0:22:51.040 --> 0:22:54.639
<v Speaker 1>the membership are strongly in favor of Brexit and in

0:22:54.720 --> 0:22:57.520
<v Speaker 1>favor of a no deal, so he's trying to tap

0:22:57.520 --> 0:23:01.000
<v Speaker 1>into the bigger political party. He's also doing that because

0:23:01.560 --> 0:23:05.200
<v Speaker 1>he wants to distance himself from the opposition parties for again,

0:23:05.240 --> 0:23:08.040
<v Speaker 1>for political reasons, and I think there's also a sense

0:23:08.040 --> 0:23:10.480
<v Speaker 1>of him just being absolutely frustrated that he can't get

0:23:10.520 --> 0:23:13.240
<v Speaker 1>what he wants from the European Union because they're refusing

0:23:13.280 --> 0:23:15.520
<v Speaker 1>to do anything. And of course if he does try

0:23:15.560 --> 0:23:17.640
<v Speaker 1>and can keep negotiating with the European Union to get

0:23:17.680 --> 0:23:20.400
<v Speaker 1>a deal, there's a very well danger that the thing

0:23:20.400 --> 0:23:23.800
<v Speaker 1>will just get delayed and delayed and delayed indefinitely. So

0:23:23.840 --> 0:23:27.080
<v Speaker 1>do you understand where the European Union is coming from. Oh,

0:23:27.119 --> 0:23:31.080
<v Speaker 1>they are absolutely fed up with the UK and cannot

0:23:31.280 --> 0:23:35.239
<v Speaker 1>face having to renegotiate anymore. I mean, the awful thing

0:23:35.240 --> 0:23:38.560
<v Speaker 1>about the Breakxit story is that you mentioned earlier it's

0:23:38.600 --> 0:23:41.920
<v Speaker 1>like a divorce in that it's complicated trying to separate

0:23:42.320 --> 0:23:45.360
<v Speaker 1>a married couple, and that's true. But there's something else

0:23:45.400 --> 0:23:47.320
<v Speaker 1>about the Brexitt story makes it like a divorce, which

0:23:47.400 --> 0:23:49.639
<v Speaker 1>is that anyone who's been to a divorce or had

0:23:49.640 --> 0:23:52.879
<v Speaker 1>close friends who've gone through a divorce knows that, you know,

0:23:52.960 --> 0:23:55.920
<v Speaker 1>the fighting goes on and on and on, and people

0:23:56.040 --> 0:23:58.359
<v Speaker 1>obsess about ridiculous things that they care about and no

0:23:58.400 --> 0:24:00.960
<v Speaker 1>one else does, and they get a point where, no

0:24:01.040 --> 0:24:03.960
<v Speaker 1>matter how polite their best friends are, they just can't

0:24:03.960 --> 0:24:05.879
<v Speaker 1>bear to hear about it again anymore. It feels like,

0:24:05.920 --> 0:24:08.960
<v Speaker 1>you know, you're trapped in groundhog Day. And I think

0:24:09.000 --> 0:24:11.240
<v Speaker 1>that's what's happened with Brexit, is it. On the continent,

0:24:11.320 --> 0:24:13.240
<v Speaker 1>everyone's kind of moved on. They're like, oh my god,

0:24:13.240 --> 0:24:15.280
<v Speaker 1>you're still arguing about this stuff. It's like, we're not

0:24:15.320 --> 0:24:16.760
<v Speaker 1>going to go back and talk about this anymore. We

0:24:16.800 --> 0:24:19.200
<v Speaker 1>just don't want to hear these prop stories anymore. Even

0:24:19.240 --> 0:24:23.159
<v Speaker 1>in the UK, there's this really bizarre mentality whenever I

0:24:23.200 --> 0:24:25.960
<v Speaker 1>go back now, which is that no matter how bad

0:24:25.960 --> 0:24:28.400
<v Speaker 1>things keep getting, and they keep getting worse and worse,

0:24:28.400 --> 0:24:31.720
<v Speaker 1>at the moment, everyone's almost a new to it and

0:24:31.760 --> 0:24:33.960
<v Speaker 1>they almost don't want to think about it or talk

0:24:34.000 --> 0:24:38.320
<v Speaker 1>about it. It's like this willful mass, you know, blindness

0:24:38.320 --> 0:24:40.840
<v Speaker 1>and sickness. They just can't even bear thinking about it anymore,

0:24:41.200 --> 0:24:43.439
<v Speaker 1>exactly like a couple who's in the middle of the

0:24:43.480 --> 0:24:46.600
<v Speaker 1>most horrific divorce you can imagine. That's really interesting. It

0:24:46.640 --> 0:24:48.879
<v Speaker 1>makes me think about that tragedy and life when the

0:24:48.880 --> 0:24:51.840
<v Speaker 1>fading becomes about the fading rather than about the substance

0:24:51.920 --> 0:24:54.159
<v Speaker 1>underlying it, And that seems to be one element of

0:24:54.160 --> 0:24:56.600
<v Speaker 1>what you're saying that the fading has become about the fading.

0:24:57.200 --> 0:24:59.639
<v Speaker 1>I think for the Tory Party, the fighting has in

0:24:59.680 --> 0:25:02.720
<v Speaker 1>deep come about the fighting, and for the European Union

0:25:02.840 --> 0:25:04.800
<v Speaker 1>they just think we're just not going to open that

0:25:04.840 --> 0:25:07.160
<v Speaker 1>can of worms again. We can't bear it. And then

0:25:07.240 --> 0:25:10.080
<v Speaker 1>the other similarity, oddly enough, that lapped in my mind

0:25:10.160 --> 0:25:12.760
<v Speaker 1>when you were talking about that, is this idea of

0:25:12.880 --> 0:25:15.600
<v Speaker 1>big problems being so big that it's easier to ignore

0:25:15.640 --> 0:25:17.359
<v Speaker 1>them than it is to confront them. And it's a

0:25:17.400 --> 0:25:20.760
<v Speaker 1>little bit analogous perhaps to the pension problem in the US,

0:25:21.200 --> 0:25:25.879
<v Speaker 1>big frightening thorny, and it becomes almost unbearably tiresome to

0:25:25.880 --> 0:25:27.960
<v Speaker 1>look at it, and so you just rather ignore it,

0:25:28.000 --> 0:25:30.000
<v Speaker 1>even though this is something that arguably is going to

0:25:30.040 --> 0:25:33.879
<v Speaker 1>affect everyone's lives, their children's lives, their grandchildren's lives, but

0:25:34.000 --> 0:25:36.800
<v Speaker 1>it's somehow easier to look away. Why is that, Well,

0:25:36.840 --> 0:25:39.920
<v Speaker 1>it's partly a question of tragedy of the horizons. We

0:25:40.040 --> 0:25:42.560
<v Speaker 1>as human beings are not very good at dealing with

0:25:42.600 --> 0:25:45.359
<v Speaker 1>what I call boshomless problems. Problems are just need to

0:25:45.440 --> 0:25:48.240
<v Speaker 1>go on and on, none which have no resolution, which

0:25:48.320 --> 0:25:51.600
<v Speaker 1>abstract we're not very good at dealing with problems that

0:25:51.840 --> 0:25:55.960
<v Speaker 1>don't develop instep changes dramatic births, but slow moving elliptical

0:25:55.960 --> 0:25:59.280
<v Speaker 1>problems are build slowly over long period of time. And

0:25:59.359 --> 0:26:01.239
<v Speaker 1>in the case of engines crisis, we're very bad at

0:26:01.280 --> 0:26:04.280
<v Speaker 1>thinking about problems that are abstract and we shown't have

0:26:04.359 --> 0:26:06.960
<v Speaker 1>people that we can coalesce around as we try and

0:26:07.000 --> 0:26:09.679
<v Speaker 1>imagine a narrative. Going back to what you said at

0:26:09.720 --> 0:26:12.639
<v Speaker 1>the beginning, that there's this very modern component to what

0:26:12.760 --> 0:26:16.720
<v Speaker 1>happened with Brexit, which is this such shiny object fascination

0:26:16.840 --> 0:26:20.160
<v Speaker 1>in this people empowerment. But yet there's also this very

0:26:20.720 --> 0:26:23.800
<v Speaker 1>long term, sort of universal human truth to it in

0:26:23.840 --> 0:26:27.200
<v Speaker 1>the bottomless problem issue, and it's really these things colliding,

0:26:27.520 --> 0:26:30.320
<v Speaker 1>which is really interesting. I was also thinking about your

0:26:30.320 --> 0:26:34.040
<v Speaker 1>comment about this putting democratic process in the UK under

0:26:34.119 --> 0:26:37.320
<v Speaker 1>incredible stress, and it's putting it under an incredible stress

0:26:37.359 --> 0:26:40.439
<v Speaker 1>in a time when everything is in flux. Right, is

0:26:40.440 --> 0:26:43.840
<v Speaker 1>there an understanding of the magnitude of the instability this

0:26:44.040 --> 0:26:47.399
<v Speaker 1>could review. I spent the early part of my life

0:26:47.600 --> 0:26:52.280
<v Speaker 1>in parts of Asia which had been scarred by horrific

0:26:52.400 --> 0:26:56.280
<v Speaker 1>upheavals or in the case of China, cultural revolution, and

0:26:56.320 --> 0:26:58.359
<v Speaker 1>then I did a PhD in based called Tajikistan on

0:26:58.400 --> 0:27:00.680
<v Speaker 1>the Afghan border when it was in the Soviet Union,

0:27:01.119 --> 0:27:02.760
<v Speaker 1>and then when the Soviet Union broke up, I watched

0:27:02.760 --> 0:27:05.120
<v Speaker 1>that society, which I knew pretty well by then, completely

0:27:05.160 --> 0:27:11.200
<v Speaker 1>implode into killing and utter chaos. So I've seen society's

0:27:11.200 --> 0:27:15.240
<v Speaker 1>implode with my own eyes, and having had that experience,

0:27:15.320 --> 0:27:17.360
<v Speaker 1>I was always very struck that going to the UK

0:27:18.280 --> 0:27:20.439
<v Speaker 1>in the nineteen nineties and naughties it was like going

0:27:20.480 --> 0:27:22.919
<v Speaker 1>into a warm bath where everything kind of seemed fine

0:27:22.960 --> 0:27:26.280
<v Speaker 1>and soothing and gentle, and there were different political parties

0:27:26.280 --> 0:27:29.160
<v Speaker 1>but you could really not see that much difference between them.

0:27:30.520 --> 0:27:34.359
<v Speaker 1>And I think people have become incredibly complacent about maybe

0:27:34.400 --> 0:27:38.160
<v Speaker 1>how precious and arrogant, how precious democracy is, and how

0:27:38.160 --> 0:27:40.520
<v Speaker 1>precious stability is, and how you don't actually want to

0:27:41.280 --> 0:27:44.960
<v Speaker 1>gamble with it too dramatically. People take it for granted.

0:27:45.560 --> 0:27:48.480
<v Speaker 1>My parents' generation, my grandbrand's generation, were shaped by World

0:27:48.480 --> 0:27:52.880
<v Speaker 1>War Two and a sense of shared sacrifice and unity.

0:27:52.920 --> 0:27:57.040
<v Speaker 1>But people younger than that have grown up in seeming endless,

0:27:57.160 --> 0:28:00.600
<v Speaker 1>if not prosperity, then stability, the tragedy of people in

0:28:00.600 --> 0:28:03.119
<v Speaker 1>so many ways, right that the very thing that you

0:28:03.280 --> 0:28:06.200
<v Speaker 1>crave so desperately. You begin to take it for granted

0:28:06.240 --> 0:28:08.320
<v Speaker 1>when you've had it for a long time, and in

0:28:08.440 --> 0:28:10.480
<v Speaker 1>so doing you begin to put it at risk. That

0:28:10.640 --> 0:28:14.400
<v Speaker 1>is absolutely the truth. And if there are some good

0:28:14.400 --> 0:28:16.840
<v Speaker 1>things that have come out of this mess of Brexit,

0:28:17.520 --> 0:28:20.760
<v Speaker 1>one is a fact that you've actually got a generation

0:28:21.000 --> 0:28:24.320
<v Speaker 1>of people who are newly engagement politics. One of the

0:28:24.359 --> 0:28:27.080
<v Speaker 1>reasons why the Brexit vote went through was because the

0:28:27.200 --> 0:28:30.000
<v Speaker 1>vast majority of millennials and students just didn't bother to vote.

0:28:30.160 --> 0:28:32.359
<v Speaker 1>They took over granted and then they saw what happened.

0:28:32.880 --> 0:28:35.720
<v Speaker 1>What happened, and all the surveys show, every single polit

0:28:35.720 --> 0:28:37.879
<v Speaker 1>survey shows that if they had bothered to vote, the

0:28:37.960 --> 0:28:41.479
<v Speaker 1>Brexit vote would have been resoundly defeated. So you do

0:28:41.600 --> 0:28:44.960
<v Speaker 1>have younger patrol now who are getting more engaged in politics.

0:28:45.000 --> 0:28:48.440
<v Speaker 1>That's good. You do have people who are beginning to

0:28:48.480 --> 0:28:51.239
<v Speaker 1>think about the constitution for the first time ever, and

0:28:51.280 --> 0:28:55.080
<v Speaker 1>their decision by the Supreme Court to insist that Boris

0:28:55.160 --> 0:28:58.160
<v Speaker 1>Johnson did not have the right to dissolve Parliament has

0:28:58.480 --> 0:29:01.000
<v Speaker 1>really taken the first step to creating some kind of

0:29:01.040 --> 0:29:04.680
<v Speaker 1>constitutional structure in the UK, and heavens knows we need

0:29:04.760 --> 0:29:08.920
<v Speaker 1>that because the third point is that this crazy, crazy

0:29:09.680 --> 0:29:13.440
<v Speaker 1>situation has at least made some people think about the

0:29:13.520 --> 0:29:17.680
<v Speaker 1>dangers of instability and what is at stake. And I

0:29:17.680 --> 0:29:20.320
<v Speaker 1>would say the level of complacency is certainly ebbing today

0:29:20.840 --> 0:29:23.520
<v Speaker 1>and that's a good thing for sure. That of course

0:29:23.760 --> 0:29:26.360
<v Speaker 1>makes me think about the United States, because it's so

0:29:26.520 --> 0:29:29.760
<v Speaker 1>interesting that our two countries are running in parallel in

0:29:30.160 --> 0:29:33.400
<v Speaker 1>some ways. Would you say the parallel is between the

0:29:33.480 --> 0:29:36.479
<v Speaker 1>character of Boris Johnson and the character of Donald Trump,

0:29:36.840 --> 0:29:40.120
<v Speaker 1>or as the right analogy between Brexit and the election

0:29:40.160 --> 0:29:43.160
<v Speaker 1>of Donald Trump, or is it both. I think it's

0:29:43.200 --> 0:29:45.479
<v Speaker 1>both in the sense of their characters are indeed similar,

0:29:45.880 --> 0:29:48.600
<v Speaker 1>and their postsonas that they play and the role they

0:29:48.600 --> 0:29:51.560
<v Speaker 1>occupy in politics is very similar. It's two brands of

0:29:51.600 --> 0:29:55.840
<v Speaker 1>celebrity politics or celebrity politicians. But at the same time,

0:29:55.880 --> 0:29:58.120
<v Speaker 1>I also think that the vote for Donald Trump with

0:29:58.200 --> 0:30:02.760
<v Speaker 1>a squeal of rage against the elite and a desire

0:30:02.920 --> 0:30:06.640
<v Speaker 1>for change something different, and that certainly was one factor

0:30:06.720 --> 0:30:11.640
<v Speaker 1>driving Brexit too. It's very striking that both Boris Johnson

0:30:11.760 --> 0:30:14.800
<v Speaker 1>and Trump in a sense have become bigger than their

0:30:14.840 --> 0:30:17.680
<v Speaker 1>own parties, or rather they're redefining their parties around a

0:30:17.760 --> 0:30:22.440
<v Speaker 1>nationalist agenda rather than just economics, because it's very hard

0:30:22.480 --> 0:30:24.320
<v Speaker 1>to say whether Donald Trump is a right wing or

0:30:24.360 --> 0:30:27.040
<v Speaker 1>left wing, or Democrat or Republican in economic terms, and

0:30:27.120 --> 0:30:29.600
<v Speaker 1>ditto Bris Johnson. But it's also very striking that the

0:30:29.640 --> 0:30:33.880
<v Speaker 1>only politician in Europe who've managed to campaign and win

0:30:34.160 --> 0:30:39.160
<v Speaker 1>on a centrist technocratic platform recently has done so by

0:30:39.240 --> 0:30:43.040
<v Speaker 1>essentially jettisoning the old parties in creating his own shiny party,

0:30:43.520 --> 0:30:46.440
<v Speaker 1>and that was Macro in France. And he did it

0:30:46.480 --> 0:30:48.680
<v Speaker 1>by literally kicking out all the old parties in creating

0:30:48.680 --> 0:30:51.000
<v Speaker 1>his own party from scratch. That's kind of pick a

0:30:51.080 --> 0:30:53.600
<v Speaker 1>mixed politics taken to a new level. Nowhere else is

0:30:53.600 --> 0:30:57.720
<v Speaker 1>a technocratic center actually won over. And so in that sense,

0:30:57.760 --> 0:31:01.160
<v Speaker 1>both Boris Johnson and Trump are very much part of

0:31:01.200 --> 0:31:03.880
<v Speaker 1>the same phenomenon. And what do you make of the

0:31:03.920 --> 0:31:06.720
<v Speaker 1>fact that this is happening in tandem in our two

0:31:06.760 --> 0:31:09.840
<v Speaker 1>countries in the UK and the US. Is there a

0:31:09.880 --> 0:31:13.200
<v Speaker 1>broader lesson in that? I think what's happening right now

0:31:13.360 --> 0:31:15.360
<v Speaker 1>as we're seeing today, just as we saw in the

0:31:15.360 --> 0:31:18.760
<v Speaker 1>financial crisis, that we are living in an era or

0:31:18.800 --> 0:31:23.520
<v Speaker 1>great contagion and globalization have delivered the ability of contagion

0:31:23.760 --> 0:31:28.920
<v Speaker 1>to enlabel ideas and panics to spread very fast. And

0:31:29.000 --> 0:31:34.400
<v Speaker 1>the great irony is that nationalism and antiglobalization have been

0:31:34.440 --> 0:31:39.960
<v Speaker 1>fueled by the channels and platform the globalization. That's actually

0:31:40.000 --> 0:31:43.160
<v Speaker 1>a fascinating comparison if you think about the channels through

0:31:43.200 --> 0:31:46.880
<v Speaker 1>which the financial crisis spread, these subterranean aspects of the

0:31:46.880 --> 0:31:50.760
<v Speaker 1>financial markets, very wonky financial markets, and then the channels

0:31:50.760 --> 0:31:54.800
<v Speaker 1>through which this political uproar has spread, which are very

0:31:54.920 --> 0:31:57.720
<v Speaker 1>human channels, and it's interesting to think about them existing

0:31:57.720 --> 0:32:00.120
<v Speaker 1>in tandem. But you can't, of course ignore the that

0:32:00.160 --> 0:32:04.600
<v Speaker 1>also there's been deliberate attempts to spread negative ideas and

0:32:04.760 --> 0:32:09.120
<v Speaker 1>anger and polarizing concepts by the Russians and others. It's

0:32:09.160 --> 0:32:12.520
<v Speaker 1>fascinating those parallels. So back to this notion of it

0:32:12.600 --> 0:32:16.920
<v Speaker 1>being in France where a technocratic centers candidate did emerge.

0:32:17.040 --> 0:32:19.280
<v Speaker 1>Do you see the potential for that coming out of

0:32:19.320 --> 0:32:24.360
<v Speaker 1>this in the UK? Well, I think almost every Western

0:32:24.360 --> 0:32:26.960
<v Speaker 1>country right now wants to know how to clone Macron

0:32:27.360 --> 0:32:30.960
<v Speaker 1>and get them to speak their local language. Unfortunately, the

0:32:31.080 --> 0:32:34.600
<v Speaker 1>kind of conditions and the political constitution that allowed France

0:32:35.320 --> 0:32:39.120
<v Speaker 1>to create a new party quickly, which Macron did don't

0:32:39.160 --> 0:32:41.840
<v Speaker 1>exist really in the UK or the US. It's very

0:32:41.840 --> 0:32:44.000
<v Speaker 1>hard to create another party in the US, we know,

0:32:44.640 --> 0:32:47.440
<v Speaker 1>and it's pretty tough in the UK as well. So

0:32:47.600 --> 0:32:50.440
<v Speaker 1>will there be a shiny new party with a shiny

0:32:50.440 --> 0:32:54.000
<v Speaker 1>new leader. Not easily, but it's not impossible in the UK.

0:32:54.240 --> 0:32:57.200
<v Speaker 1>I mean, if there is a big political realignment and rupture,

0:32:57.760 --> 0:33:00.760
<v Speaker 1>then you know, never say never. If we do end

0:33:00.800 --> 0:33:03.000
<v Speaker 1>up with even more of a crisis, never say never.

0:33:03.080 --> 0:33:05.600
<v Speaker 1>There are people who could come back into the fray,

0:33:06.280 --> 0:33:09.000
<v Speaker 1>you know. I mean, David Miliban is a name that's

0:33:09.280 --> 0:33:14.640
<v Speaker 1>often mentioned as somebody who's a former labor leader who's charismatic,

0:33:14.720 --> 0:33:17.480
<v Speaker 1>and it's somebody who people could rally around. Who's current

0:33:17.520 --> 0:33:21.320
<v Speaker 1>city in America? So who knows. I suppose it's just

0:33:21.440 --> 0:33:24.720
<v Speaker 1>another interesting parallel that unpredictability is part of the ban

0:33:24.880 --> 0:33:27.320
<v Speaker 1>of mader and existence, and yet it might be the

0:33:27.800 --> 0:33:30.760
<v Speaker 1>salvation as well, just as unpredictability as part of the

0:33:30.760 --> 0:33:34.000
<v Speaker 1>ban of moder and financial markets, but in some ways

0:33:34.120 --> 0:33:37.400
<v Speaker 1>the source of progress as well. If you want to

0:33:37.400 --> 0:33:39.880
<v Speaker 1>be optimistic, one way to understand what's going on is

0:33:39.880 --> 0:33:42.880
<v Speaker 1>to say, okay, so we're seeing an explosion in populism,

0:33:43.640 --> 0:33:46.560
<v Speaker 1>but in many ways. It chafed in politics. It's really

0:33:46.600 --> 0:33:51.080
<v Speaker 1>recognizing that twenty century political structures look as outdated today

0:33:51.280 --> 0:33:55.600
<v Speaker 1>as twenty century shops on the high Street. People are

0:33:55.640 --> 0:33:58.240
<v Speaker 1>expecting something new because that's what they experienced in the

0:33:58.240 --> 0:34:01.200
<v Speaker 1>rest of their lives, So they're looking something new from politics,

0:34:01.640 --> 0:34:03.320
<v Speaker 1>and you could say, actually, what you're seeing is a

0:34:03.440 --> 0:34:07.400
<v Speaker 1>rise of a newly empowered political generation who are used

0:34:07.440 --> 0:34:11.440
<v Speaker 1>to voting on issues that they care about passionately. And

0:34:11.520 --> 0:34:14.920
<v Speaker 1>it can be used for good hashtag me too, the

0:34:15.040 --> 0:34:20.880
<v Speaker 1>green movements, these kinds of popular howls of outrage could

0:34:20.880 --> 0:34:24.680
<v Speaker 1>be channeled for a much more positive outcome and rating

0:34:24.800 --> 0:34:26.920
<v Speaker 1>social movements that we can all approve of. But I

0:34:26.920 --> 0:34:29.480
<v Speaker 1>think back to where we started. It's the idea of

0:34:29.920 --> 0:34:32.440
<v Speaker 1>long term thinking that has to be associated with that

0:34:32.600 --> 0:34:36.040
<v Speaker 1>something other than this concept of instant gratification and lurching

0:34:36.080 --> 0:34:38.759
<v Speaker 1>for the new shiny object. There has to be a

0:34:38.800 --> 0:34:42.879
<v Speaker 1>sense of something other than instant gratification at work if

0:34:42.880 --> 0:34:45.400
<v Speaker 1>we're going to be optimistic about this right, well, the

0:34:45.480 --> 0:34:48.080
<v Speaker 1>question is how you tap into the fact the millennials

0:34:48.120 --> 0:34:50.640
<v Speaker 1>appear at the moment to be more idealistic in some

0:34:50.680 --> 0:34:54.840
<v Speaker 1>ways in the sense of believing in community and having

0:34:54.920 --> 0:34:59.239
<v Speaker 1>less attachment due to materialist things than their parents. Many

0:34:59.239 --> 0:35:03.680
<v Speaker 1>of them do care abo sustainability issues, and they often

0:35:03.719 --> 0:35:06.440
<v Speaker 1>have a more egalitarian sense than their parents in terms

0:35:06.440 --> 0:35:09.520
<v Speaker 1>of in America and the UK, how do you tap

0:35:09.520 --> 0:35:14.040
<v Speaker 1>into those trends and sentiments while also creating a government

0:35:14.040 --> 0:35:16.839
<v Speaker 1>that can work, right, It's actually interesting how you get

0:35:16.880 --> 0:35:20.000
<v Speaker 1>millennials to take their concern about sustainability, which is a

0:35:20.120 --> 0:35:23.840
<v Speaker 1>narrow concern about environmental sustainability, and how you get that

0:35:23.920 --> 0:35:28.600
<v Speaker 1>to expand into a broader question of economic stability and

0:35:29.040 --> 0:35:32.080
<v Speaker 1>economic sustainability. Right, How you take a narrow focus on

0:35:32.120 --> 0:35:35.000
<v Speaker 1>sustainability and make it a big focus on sustainability for

0:35:35.040 --> 0:35:38.360
<v Speaker 1>all aspects of human life and human processes. But in

0:35:38.400 --> 0:35:41.920
<v Speaker 1>many ways, the whole climate change debate has been the

0:35:41.960 --> 0:35:44.600
<v Speaker 1>trigger that sparked a lot of interest and sustainability. But

0:35:44.640 --> 0:35:47.719
<v Speaker 1>it's going well beyond that now, yes, it really already Okay, yeah,

0:35:47.800 --> 0:35:49.600
<v Speaker 1>if you look at how these issues are rolling together

0:35:49.680 --> 0:35:54.080
<v Speaker 1>in terms of income, inequality, gender, things like that, it's

0:35:54.160 --> 0:35:56.560
<v Speaker 1>unclear where it's going to go. But you know, anyone

0:35:56.560 --> 0:36:00.800
<v Speaker 1>who thinks that's sustainability or the kind of ESG and

0:36:00.840 --> 0:36:03.319
<v Speaker 1>run metal social governance issues are just a short term

0:36:03.320 --> 0:36:04.920
<v Speaker 1>flash in the pan. Should have a look at what's

0:36:04.920 --> 0:36:09.960
<v Speaker 1>happening inside companies or even financial markets, where increasingly executive

0:36:09.920 --> 0:36:12.880
<v Speaker 1>of feely under pressure to do things. And again, if

0:36:12.920 --> 0:36:15.800
<v Speaker 1>you like, that's a sign of populism with a different face,

0:36:16.000 --> 0:36:19.520
<v Speaker 1>but perhaps a less scary face than the way we

0:36:19.520 --> 0:36:22.560
<v Speaker 1>normally associate the world with nationalism, perhaps a positive one.

0:36:22.880 --> 0:36:25.400
<v Speaker 1>I want to go back to the EU. If Brexit

0:36:25.480 --> 0:36:28.200
<v Speaker 1>does happen, does this have broader implications for the EU?

0:36:28.560 --> 0:36:30.960
<v Speaker 1>And I think back to the whole just the mammoth

0:36:31.000 --> 0:36:33.799
<v Speaker 1>effort to keep Greece in deside the EU for fear

0:36:33.880 --> 0:36:35.719
<v Speaker 1>that it would spread to Italy and for fear that

0:36:35.760 --> 0:36:38.960
<v Speaker 1>there's some kind of contagion in this world of contagion.

0:36:39.040 --> 0:36:42.920
<v Speaker 1>If there's Brexit, does the whole EU file apart well.

0:36:43.000 --> 0:36:45.520
<v Speaker 1>The good news from the point of the Union needs

0:36:45.719 --> 0:36:49.560
<v Speaker 1>is that the sheer horrors that Britain's going through in

0:36:49.560 --> 0:36:52.719
<v Speaker 1>a political sense and the pain it could suffer economically

0:36:53.200 --> 0:36:55.680
<v Speaker 1>has been the perfect way to inoculate the rest of

0:36:55.719 --> 0:37:01.960
<v Speaker 1>the European Union against the danger of European Union fever spreading.

0:37:02.239 --> 0:37:04.799
<v Speaker 1>Don't try this at home exactly, and so all the

0:37:04.880 --> 0:37:07.600
<v Speaker 1>surveys suggest that actually support for the European unions go

0:37:07.719 --> 0:37:11.319
<v Speaker 1>up sharply when people look at what's happened to the UK.

0:37:12.400 --> 0:37:14.879
<v Speaker 1>So I don't expect to see the European Union fall

0:37:14.920 --> 0:37:17.919
<v Speaker 1>apart in the short term. If the UK does leave,

0:37:18.360 --> 0:37:21.400
<v Speaker 1>there will be an economic below. The bigger question, though,

0:37:21.640 --> 0:37:24.200
<v Speaker 1>is that the economy is seem to be slowing down

0:37:24.239 --> 0:37:27.600
<v Speaker 1>at the moment, we're heading back into deflation. There's a

0:37:27.640 --> 0:37:29.799
<v Speaker 1>fight around the European Central Bank about how much more

0:37:29.800 --> 0:37:33.200
<v Speaker 1>it could or should actually provide monetary policy stimulus. And

0:37:33.239 --> 0:37:36.000
<v Speaker 1>there's even a bigger fight about whether it's time for

0:37:36.040 --> 0:37:38.839
<v Speaker 1>the European governments to create a pool budget and some

0:37:38.960 --> 0:37:43.280
<v Speaker 1>shared fiscal policy, as say the US has. Mario Draggie

0:37:43.280 --> 0:37:45.920
<v Speaker 1>gave a bigger interview to The Financial Times recently where

0:37:45.960 --> 0:37:48.600
<v Speaker 1>he said it's really down to fiscal policy now, i e.

0:37:48.760 --> 0:37:51.720
<v Speaker 1>Governments in Europe have to act together to create tax

0:37:51.719 --> 0:37:55.759
<v Speaker 1>and spending plans, and so the big question for the

0:37:55.840 --> 0:37:59.319
<v Speaker 1>medium to long term future of the European Union, which

0:37:59.320 --> 0:38:01.200
<v Speaker 1>surely has enough thing to do with the UK. But

0:38:01.360 --> 0:38:04.680
<v Speaker 1>if will the European governments agree to do that, or

0:38:04.880 --> 0:38:08.400
<v Speaker 1>if they don't, can they survive the next economic or

0:38:08.440 --> 0:38:11.560
<v Speaker 1>global recession. What do you think is that something they

0:38:11.640 --> 0:38:15.239
<v Speaker 1>must do or is that something that will exacerbate the

0:38:15.320 --> 0:38:18.879
<v Speaker 1>nationalist tendencies that are already at work in the UK

0:38:19.120 --> 0:38:23.600
<v Speaker 1>by asserting yet more outside bureaucratic perceived bureaucratic control over

0:38:23.680 --> 0:38:26.800
<v Speaker 1>people's lives. Well, that indeed is a big, big question,

0:38:26.800 --> 0:38:28.480
<v Speaker 1>because my best guess is that they will have to

0:38:28.520 --> 0:38:31.680
<v Speaker 1>do at some point to stave off a nasty downturn.

0:38:32.280 --> 0:38:34.799
<v Speaker 1>But as you say, the question is can they do

0:38:34.840 --> 0:38:36.440
<v Speaker 1>it in a way that actually ensures a buying of

0:38:36.440 --> 0:38:42.480
<v Speaker 1>the population rather than further alienation insofar as shared fiscal

0:38:42.480 --> 0:38:45.839
<v Speaker 1>support or budgets are used to try and keep more

0:38:45.920 --> 0:38:50.400
<v Speaker 1>vulnerable populations who feel angry about sort of being dispossessed.

0:38:50.800 --> 0:38:53.800
<v Speaker 1>If you can use it to actually keep them on board,

0:38:53.880 --> 0:38:56.319
<v Speaker 1>then it will actually increase support for the European Union.

0:38:56.680 --> 0:38:58.719
<v Speaker 1>But it's going to be tough. Well, I guess I

0:38:58.800 --> 0:39:01.879
<v Speaker 1>like the idea that they're no easy answers to this,

0:39:02.040 --> 0:39:05.040
<v Speaker 1>because the easy answers are not very appealing in this case.

0:39:05.400 --> 0:39:09.040
<v Speaker 1>So I think I'm glad that there's some potential for optimism. Well,

0:39:09.040 --> 0:39:12.239
<v Speaker 1>I think there definitely is potential for optimism. And if

0:39:12.280 --> 0:39:14.480
<v Speaker 1>you want to feel optimistic, take note of the fact

0:39:14.480 --> 0:39:16.399
<v Speaker 1>that grease is still in the European Union and it's

0:39:16.400 --> 0:39:19.680
<v Speaker 1>actually turned a corner eventually and doing slightly better. Take

0:39:19.760 --> 0:39:23.520
<v Speaker 1>notice the fact that Ireland has really been a remarkable

0:39:23.640 --> 0:39:28.080
<v Speaker 1>success story in terms of adapting to economic dislocation and

0:39:28.600 --> 0:39:32.960
<v Speaker 1>is now not only very strongly pro EU but also

0:39:33.080 --> 0:39:37.360
<v Speaker 1>dealing thus far with tremendous grace about the horrific problems

0:39:37.400 --> 0:39:41.960
<v Speaker 1>being quoted by the Brexit saga for Ireland. So amid

0:39:42.040 --> 0:39:45.760
<v Speaker 1>all this horror show of British politics, there are reasons

0:39:45.760 --> 0:39:49.719
<v Speaker 1>for optimism. And as I say, if nothing else, when

0:39:49.800 --> 0:39:51.520
<v Speaker 1>all is said and done with Brexit, it will at

0:39:51.560 --> 0:39:53.960
<v Speaker 1>least teach all the new voters in the UK to

0:39:54.080 --> 0:39:57.600
<v Speaker 1>not take democracy likely, to not take their systems and

0:39:57.640 --> 0:40:01.560
<v Speaker 1>structures for granted, and above full else to think, Okay,

0:40:02.040 --> 0:40:04.120
<v Speaker 1>maybe we do need a constitution, and if we do

0:40:04.160 --> 0:40:07.000
<v Speaker 1>want a constitution, what kind of country do we really

0:40:07.040 --> 0:40:09.719
<v Speaker 1>want to be and how do we actually want to

0:40:09.760 --> 0:40:13.160
<v Speaker 1>have a proper national debate about it in a way

0:40:13.200 --> 0:40:15.760
<v Speaker 1>that frankly we fail to do so for the last

0:40:15.920 --> 0:40:18.839
<v Speaker 1>few decades. So well said, and on that note, thank

0:40:18.880 --> 0:40:23.040
<v Speaker 1>you so much. For coming. Thank you. I expected my

0:40:23.120 --> 0:40:26.600
<v Speaker 1>conversation with Jillian to be wide ranging, but wow, It's

0:40:26.640 --> 0:40:29.640
<v Speaker 1>not often we get to discuss mythmaking and Joseph Campbell

0:40:29.800 --> 0:40:33.040
<v Speaker 1>on a business podcast. But in truth, this all makes

0:40:33.080 --> 0:40:39.000
<v Speaker 1>me think about how obviously entwined the worlds of business, economics, politics,

0:40:39.320 --> 0:40:43.399
<v Speaker 1>and yes, philosophy are. Right now, we're accustomed to thinking

0:40:43.440 --> 0:40:46.080
<v Speaker 1>of all of these as separate worlds, but as with

0:40:46.160 --> 0:40:49.160
<v Speaker 1>Donald Trump's election in the US, both the vote for

0:40:49.239 --> 0:40:54.120
<v Speaker 1>Brexit and the implications of it are deeply economic. Indeed,

0:40:54.280 --> 0:40:57.000
<v Speaker 1>there may be no place where the connection between these

0:40:57.040 --> 0:41:00.200
<v Speaker 1>worlds is as obvious as it is with Brexit. But

0:41:00.239 --> 0:41:02.799
<v Speaker 1>if Jillian is right, the silver lining is that it's

0:41:02.840 --> 0:41:06.560
<v Speaker 1>making us all care and think, and that has to

0:41:06.680 --> 0:41:13.480
<v Speaker 1>lead to a better world, doesn't it. Makia Killing is

0:41:13.480 --> 0:41:17.000
<v Speaker 1>a co production of Pushkin Industries and Chalkin Blade. It's

0:41:17.040 --> 0:41:21.280
<v Speaker 1>produced by Ruth Barnes and Laura Hyde. My executive producers

0:41:21.320 --> 0:41:25.719
<v Speaker 1>are Alison mcclein No Relation and Making Casey. The executive

0:41:25.719 --> 0:41:30.399
<v Speaker 1>producer at Pushkin is Mia Loebell. Engineering by Jason Rastkowski.

0:41:31.239 --> 0:41:34.520
<v Speaker 1>Our music is by Jed Flood. Special thanks to Jacob

0:41:34.560 --> 0:41:38.600
<v Speaker 1>Weisberg at Pushkin and everyone on the show. I'm Bethany McLain.

0:41:38.800 --> 0:41:41.640
<v Speaker 1>Thanks so much for listening. Find me on Twitter at

0:41:41.640 --> 0:41:44.719
<v Speaker 1>Bethany mac twelve and let me know which episodes you've

0:41:44.760 --> 0:41:45.440
<v Speaker 1>most enjoyed.