Saturday, June 10, 2017

My view of the UK election results

The results of the UK general election has been bad for prime minister Theresa May. It is also bad for the Brexit negotiation with the European Union. The uncertainties will be bad for the British Pound and for the economy.

Why did the voters of the UK choose this "bad outcome"?

Many of the voters, especially the young voters, are dissatisfied with the status quo. They are unhappy with the austerity program that produces slow economic growth and low employment. They are also unhappy that the rich are getting richer while they have to struggle to pay for the high cost of living with uncertain jobs or unemployment.

They vote for a new social order in the UK. They vote for a more socialist society.

This is the same message that the voters in the US gave to the political establishments. It is the same message that causes people around the world to resort to violence.

The political establishment and the elite has to change their current policies. This statement applies to Singapore as well.

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