Daily Telegraph (U.K.): Revenge of the Left across the world

[regnaD kciN]

Whatever the exact result of the US elections tomorrow, we must assume that the whole governing machinery of Washington and the state capitols will soon be hostile to laissez-faire thinking.

A wonderfully delusional (i.e. their insistence that liberalism is responsible for the economic collapse) bit of hand-wringing from the British paper unofficially known as the "Daily Tory-Graph."

It is not just that the Democrats will win a crushing victory in both houses of Congress, perhaps reaching the 60-seat Senate threshold that lets them steam-roll legislation. It is also that the incoming class of 2008 is of a new creed. Many no longer believe – or actively reject – the free trade and free market catechisms.

(...)

In any case the damage caused as credit retrenchment squeezes real industry is likely to be so great that Barack Obama may have to pursue unthinkable policies, just as Franklin Roosevelt had to ditch campaign orthodoxies and go truly radical after his landslide victory in 1932. Indeed, Mr Obama – if he wins – may have to start by nationalizing the US car industry.

For those who missed it, I recommend Edward Stourton's BBC interview with Eric Hobsbawm, the doyen of Marxist history.

"This is the dramatic equivalent of the collapse of the Soviet Union: we now know that an era has ended," said Mr Hobsbawm, still lucid at 91.

(PERSONAL NOTE: I wish!)

More here. (They even quote Kos.)

[Ghost Dog]

1. Thanks RegnaD kciN. I posted some comments on this

in the Stock Market Watch thread here: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3582458#3582594 :hi:

[LeftishBrit]

2. Ambrose Evans-Pritchard is even loonier than the average RW-er

He combines the common forms of British right-wing paranoia (blame the evil EU for everything!) with the common forms of American right-wing paranoia (blame the evil Clintons for everything!) In a most uncommonly rich, fruity, nutty mixture.

Ugh.