Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
Will Biden’s Neo-Populist Economic Doctrine Support Gold? - 25th Sep 21
Markets Deflationary Winds Howling - 25th Sep 21
Crude Oil Price Piercing the Sky: Where Will We See the Black Gold by Xmas? - 25th Sep 21
Cryptocurrency policy choices and consequences - 25th Sep 21
The Next Emma Raducanu UK Tennis Star Pleasing the Crowds at Millhouses Park Sheffield - 25th Sep 21
Stock Market Rescued by the Fed Again? - 24th Sep 21
Are Amazon Best Cheap Memory Foam Mattresses Any good? Bedzonline £69 4ft Small Double ECO Example - 24th Sep 21
Evergrande not a Minsky Moment - 24th Sep 21
UK Energy Firms Scamming Customers Out of Their Best Fixed Rate Gas Tariffs - 23rd Sep 21
Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Should School Children be Jabbed with Pfizer Covid-19 Vaccine To Foster Herd Immunity? - UK - 23rd Sep 21
HOW TO SAVE MONEY ON CAR INSURANCE - 23rd Sep 21
Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
Trading Crude Oil ETFs in Foreign Currencies: What to Focus On - 22nd Sep 21
URGENT - Crypto-trader event - 'Bitcoin... back to $65,000?' - 22nd Sep 21
Stock Market Time to Buy the Dip? - 22nd Sep 21
US Dollar Bears Are Fresh Out of Honey Pots - 22nd Sep 21
MetaTrader 5 Features Every Trader Should Know - 22nd Sep 21
Evergrande China's Lehman's Moment, Tip of the Ice Berg in Financial Crisis 2.0 - 21st Sep 21
The Fed Is Playing The Biggest Game Of Chicken In History - 21st Sep 21
Focus on Stock Market Short-term Cycle - 21st Sep 21
Lands End Cornwall In VR360 - UK Holidays, Staycations - 21st Sep 21
Stock Market FOMO Hits September CRASH Brick Wall - Dow Trend Forecast 2021 Review - 20th Sep 21
Two Huge, Overlooked Drains on Global Silver Supplies - 20th Sep 21
Gold gets hammered but Copper fails to seize the moment - 20th Sep 21
New arms race and nuclear risks could spell End to the Asian Century - 20th Sep 21
Stock Market FOMO Hits September Brick Wall - Dow Trend Forecast 2021 Review - 19th Sep 21
Dow Forecasting Neural Nets, Crossing the Rubicon With Three High Risk Chinese Tech Stocks - 18th Sep 21
If Post-1971 Monetary System Is Bad, Why Isn’t Gold Higher? - 18th Sep 21
Stock Market Shaking Off the Taper Blues - 18th Sep 21
So... This Happened! One Crypto Goes From "Little-Known" -to- "Top 10" in 6 Weeks - 18th Sep 21
Why a Financial Markets "Panic" May Be Just Around the Corner - 18th Sep 21
An Update on the End of College… and a New Way to Profit - 16th Sep 21
What Kind of Support and Services Can Your Accountant Provide? Your Main Questions Answered - 16th Sep 21
Consistent performance makes waste a good place to buy stocks - 16th Sep 21
Dow Stock Market Trend Forecasting Neural Nets Pattern Recognition - 15th Sep 21
Eurozone Impact on Gold: The ECB and the Phantom Taper - 15th Sep 21
Fed To Taper into Weakening Economy - 15th Sep 21
Gold Miners: Last of the Summer Wine - 15th Sep 21
How does product development affect a company’s market value? - 15th Sep 21
Types of Investment Property to Become Familiar with - 15th Sep 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Brexit Politics and Algorithms

Politics / BrExit Jul 28, 2019 - 03:24 PM GMT

By: Raul_I_Meijer

Politics

It’s a development that has long been evident in continental Europe, and that has now arrived on the shores of the US and UK. It is the somewhat slow but very certain dissolution of long-existing political parties, organizations and groups. That’s what I was seeing during the Robert Mueller clown horror show on Wednesday.

Mueller was not just the Democratic Party’s last hope, he was their identity. He was the anti-Trump. Well, he no longer is, he is not fit to play that role anymore. And there is nobody to take it over who is not going to be highly contested by at least some parts of the party. In other words: it’s falling apart.

And that’s not necessarily a bad thing, it’s a natural process, parties change as conditions do and if they don’t do it fast enough they disappear. Look at the candidates the Dems have. Can anyone imagine the party, post-Mueller, uniting behind Joe Biden or Bernie Sanders or Kamala Harris? And then for one of them to beat Donald Trump in 2020?


I was just watching a little clip from Sean Hannity, doing what Trump did last week, which is going after the Squad. Who he said are anti-Israel socialists and, most importantly, the de facto leaders of the party, not Nancy Pelosi. That is a follow-up consequence of Mueller’s tragic defeat, the right can now go on the chase. The Squad is the face of the Dems because Trump and Hannity have made them that.

The upcoming Horowitz and Durham reports on their respective probes into “meddling into the meddling” will target many people in the Democratic Party, US intelligence services, and the media. In that order. Can the Dems survive such a thing? It’s hard to see.

There’s Bernie and the Squad, the declared socialists, who will never be accepted as leaders by a party so evidently predicated upon support for the arms industry. And they in turn can’t credibly support candidates who do. The Democratic Party will never be socialist, they will have to leave the label behind in order to share that message and remain believable.

But without them, what will be left? Joe Biden, or perhaps Hillary silently waiting in the wings? I don’t see it. Not after Mueller, not after two-three years of gambling all on red anti-Trump. At least the Squad have an identity, got to give them that. Whether it will sell in 2019 America is another thing altogether.

I personally think the term socialist is too tainted, on top of being too misinterpreted, for it to be “electable”, but I also understand there are large swaths of the US population who are in dire straits already with a recession on the horizon, but 2020 seems too soon. And I would ditch the term regardless. It’s like painting a target on your back for Trump and Hannity to aim at.

If you remember the 2016 campaign and the clown parade on stage with the likes of Marco Rubio and Jeb Bush glaring at the headlights, you know that the GOP has issues that are very similar to those of the Dems. But Trump came along.

The Dems have no Trump. They do have a DNC that will stifle any candidate they don’t like (Bernie!), though. Just think what they would have done if Trump had run as a Democrat (crazy, but not that crazy).

The UK’s issues are remarkably similar to those of the US. Only, in their case, the socialists have already taken over the left-wing party (if you can call the Dems left-wing). This has led to absolute stagnation. Tony Blair had moved Labour so far to the right (which he and his Blairites call center, because it sounds so much better), that injecting Jeremy Corbyn as leader was just too fast and furious.

So they labeled Corbyn an anti-semite, the most successful and equally empty smear campaign since Julian Assange was called a rapist. Corbyn never adequately responded, so he couldn’t profile himself and now the Blairites are again calling on him to leave. Oh, and he never gave a direct answer to the question of Brexit yes or no either. Pity. Corbyn’s support among the people is massive, but not in the party.

Which is why it’s now up to Boris Johnson to ‘deliver the will of the people’. And apparently the first thing the people want is 20,000 more policemen. Which were fired by the very party he at the time represented first as first mayor of London and then foreign minister, for goodness sake. His very own Tories closed 600 police stations since 2010 and will have to re-open many now.

Some survey must have told him it polled well. Just like polling was an essential part of pushing through Brexit. There’s a very revealing TV movie that came out 6 months ago called Brexit: The Uncivil War, that makes this very clear. The extent to which campaigns these days rely on data gathering and voter targeting will take a while yet to be understood, but they’re a future that is already here. Wikipedia in its description of the film puts it quite well:

After the opening credits, [Dominic] Cummings rejects an offer in 2015 by UKIP MP Douglas Carswell and political strategist Matthew Elliott to lead the Vote Leave campaign due to his contempt for “Westminister politics”, but accepts when Carswell promises Cummings full control.

The next sequences show Cummings outlining the core strategy on a whiteboard of narrow disciplined messaging delivered via algorithmic database-driven micro-targeting tools. Cummings rejects an approach by Nigel Farage and Arron Banks of Leave.EU to merge their campaigns, as his data shows Farage is an obstacle to winning an overall majority.

[..] In a eureka moment, Cummings refines the core message to “Take Back Control”, thus positioning Vote Leave as the historical status quo, and Remain as the “change” option. Cummings meets and hires Canadian Zack Massingham, co-founder of AggregateIQ, who offers to build a database using social media tools of [3 million] voters who are not on the UK electoral register but are inclined to vote to leave.

[..] In the final stages, high-profile senior Tory MPs Michael Gove and Boris Johnson join the Vote Leave campaign emphasising the need to “Take Back Control”, while Penny Mordaunt is shown on BBC raising concerns over the accession of Turkey. Gove and Johnson are shown as having some reticence over specific Vote Leave claims (e.g. £350 million for NHS, and 70 million potential Turkish emigrants) but are seen to overcome them.

Dominic Cummings, played in the movie by Benedict Cumberbatch, is an independent political adviser who belongs to no party. But guess what? He was the first adviser Boris Johnson hired after his nomination Wednesday. Cummings didn’t want Nigel Farage as the face of Brexit, because he polled poorly. He wanted Boris, because his numbers were better. Not because he didn’t think Boris was a bumbling fool, he did.

And now Cummings is back to finish the job. Far as I can see, that can only mean one thing: elections, and soon (it’s what Cummings does). A no-deal Brexit was voted down, in the same Parliament Boris Johnson now faces, 3 times, or was it 4? There is going to be a lot of opposition. Boris wants Brexit on October 31, and has practically bet his career on it. But there is going to be a lot of opposition.

He can’t have elections before September, because of the summer recess. So perhaps end of September?! But he has Dominic Cummings and his “algorithmic database-driven micro-targeting tools”. Without which Brexit would never have been voted in. So if you don’t want Brexit, you better come prepared.

Cummings and his techies weren’t -just- sending out mass mails or that kind of stuff. That’s already arcane. They were sending targeted personalized messages to individual voters, by the millions. Algorithms. AI. Tailor made. If you’re the opposition, and you don’t have those tools, then what do you have exactly?

Already thought before it all happened that it was funny that Boris Johnson’s ascension and Robert Mueller’s downfall were scheduled for the same day. There must be a pattern somewhere.

You can find the movie at HBO or Channel 4, I’m sure. Try this link for Channel 4. Seeing that movie, and thinking about the implications of the technology, the whole notion of Russian meddling becomes arcane as well. We just have no idea.

By Raul Ilargi Meijer
Website: http://theautomaticearth.com (provides unique analysis of economics, finance, politics and social dynamics in the context of Complexity Theory)

© 2019 Copyright Raul I Meijer - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Raul Ilargi Meijer Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in