The party of Davos was happy to go along with managed decline and it is this same self-serving elite that is the biggest risk to the financial stability of the American working and middle class. The Davos elite are the problem, not the populists. This is what Steve Bannon talked about at the Oxford Union.

You might like him, you might loathe him, but Bannon argues strongly for economic populism, America First national security policy and the deconstruction of the administrative state. On that last point, which is perhaps the most neglected, watch Justice Kavanaugh closely, as his expertise lies in administrative law. I sense that rolling back the American administrative state is a much bigger priority for those who appointed Kavanaugh than overturning Roe v Wade.

Whenever I listen to Bannon I often say there is no difference between his rhetoric and what we hear from Jeremy Corbyn. Bannon attempts to distinguish Right-wing populism and Left-wing populism although I am not convinced it is that clear. Either way this is a very good watch.

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