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How will Britain’s political turmoil affect Australian exports?

How will Britain’s political turmoil affect Australian exports? article image

When British Conservative Party Prime Minister Theresa May called an election earlier this year it was roundly anticipated the Government would be returned with an increased majority.

To the surprise of many and the shock of some the British Government hung on by a thread and has been forced into coalition barely clinging to the treasury benches.

If we accept the purported wisdom of the entrenched commentariat, large parliamentary majorities mean stability whereas small majorities or coalitions mean instability (a debate in itself) what might it all mean for Australia?

It is in fact utter nonsense to believe that only sizeable parliamentary majorities deliver stability. Many European nations have multiparty coalition Governments, including powerhouse economies such as Germany. Multi-party coalitions may cause rearrangements of lobbying and patronage machines but not much else in practical terms.

Many believe the political instability, particularly in the English speaking economies where globalisation has been embraced most vigorously and secretively by the major parties, in remarkable unison, without the agreement or consent of the people is caused by a failure of democracy.

The body politic no longer represents the people or the will of the people and instead pursues globalisation type policies that would never succeed if voted upon and declared as a party political platform.

Propaganda and disinformation

In a salutary lesson for bodies politic around the globe, when communism collapsed it turns out what had enraged the people the most was the corruption, politicisation of due legal process, politicisation of human relations, cronyism and endless Government lies, propaganda and disinformation constantly trying to say freezing was boiling.

A favourite joke of the time depicted a child visiting a zoo at the camel enclosure. “Look what the communists did to that horse,” says the child to the parents.

If communism was so good and beneficial why was so much propaganda and lies needed to sell it and why was all dissenting opinion crushed or repressed through kangaroo sham courts?  Some believe the west is following suit in these times of globalisation and wonder why?

Mixed economy

If Britain begins to disengage from the globalisation script and charts an independent economic and social path to the future it will still be very much part of the world economy.

It is likely future British governments will sharply reduce immigration intake and exporting of jobs a policy the public never wanted or supported and concentrate more on a value add mixed economy than a destructive drift to a “lost in the wilderness” services economy.

Yet as Britain evolves in an effort to align its politics, and economic aspirations it is far more likely it will be drawn closer to Australia in trade and on other fronts.

On balance what may appear as British political instability to some may in reality be a trade and commercial opportunity for Australian farming and mining sector.

Australian exports are more likely to benefit than not.

David is lead consultant at Digital Information Partners.

www.diginfo.com.au

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