The Boleyn Hound wrote:
Meanwhile, any comments on whether the financial crisis has fuelled a rise in nationalism?
I can start you off. According to a study of more than 800 elections around the world, spanning 150 years, every single financial crisis is followed by a 10-year surge in support for far-right populist parties.
This is not my gut feeling or what my cab driver told me. This is the conclusion of research into the data,
Haven't picked through the entire thing but if it follows the same pattern as the UK 'data' it looks a bit cherry picked to me.
For a start its not every single financial crisis in every country. For the UK it picks 6 that count and ignores 5 or 6 (some run into each other so hard to be accurate) others. Apparently the UK great depression isn't a financial crisis in this context, nor is the great depression itself (although that is counted for the USA). Both periods where the communist party of GB for instance doubled its vote share. WW2 doesn't count as a financial crisis for anybody, again though its a period that saw a rise in the left and extreme left.
There is also the definition of extreme left, extreme right and nationalism. Plaid Cymru and Sinn Fein count extreme left rather than nationalist while the SNP doesn't appear at all. So are their recent surges a rise in nationalism or a boost for the left?
Through the 1745 financial events they have coded the mean vote share for the far right is 5.53% and for the left its 5.56%.
Since the 2007 crash off the top of my head The USA elected Obama, Greece the socialists, France chose Hollande, Germany keep electing Merkel, Canada have gone socialist, portugal, italy, romania all have left wing govts. We haven't been able to make our minds up enough to pick a govt with any great power.