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Another very interesting piece. An increasing number of bloggers and pundits are now talking in the same vein, whether they call the new elite the PMC, the Blob, the Deep State or whatever.

Of course the pathetic 59% turnout in the UK general election means that the Labour government's mandate and legitimacy is even weaker than it looks at first glance, with just 20% of eligible adults voting for them. It already looks clear that since the growth spurt they talked about is not even remotely on the horizon, their strategy is to manage economic decline by taxing the better off, doing just enough for the poorest to keep them away from Reform and continue to allow mass migration to boost headline GDP figures and supply cheap labour.

This may work for a year or two or even longer but there are widespread forecasts that of another 2008-style economic crisis arriving in the West in the next few years and then we may well see at last, the PMC finally overthrown by populist forces in Britain and elsewhere in Europe.

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