The Westminster panto is in full swing, but there are real dangers waiting in the wings. The breakdown of a 30-year geopolitical order, the end of the free-money era, and the climate crisis are the three major threats facing Westminster [6ac5b9b6].
Firstly, the end of the cold war marks the end of America's sole superpower status, leading to a shift in geopolitical power. Westminster has long relied on Washington for foreign policy decisions, but Brexit Britain needs to maintain relationships with other countries for trade deals [6ac5b9b6].
The second threat is the end of the free-money era, where central banks would lower interest rates during economic crises. However, interest rates are now rising and will likely stay high, causing economic pain for those with large mortgages. The UK's economy heavily relies on consumption and debt, making it vulnerable to this change [6ac5b9b6].
Lastly, the climate crisis is no longer a foreign issue but a domestic one. The UK will face food shortages, water scarcity, and higher prices due to climate-related disruptions. British politicians have been complacent about the climate crisis, assuming it would only affect poor countries. However, recent events like water levels dropping in the Panama Canal highlight the global impact [6ac5b9b6].
These threats challenge the assumptions and careers of politicians who have not adapted to the changing times [6ac5b9b6].