Why didn’t Brexit win the Coalition government?
When news of Brexit hit the media almost exactly one week prior to our election last Saturday, my first thought was that this will guarantee a Coalition victory on July 2 nd . But it didn’t. Why not? Why should it have? The first reaction from the world to the Brexit news was to sell shares and buy gold, a very conservative reaction to uncertainty that occurs like clockwork whenever people feel out of control. There was also widespread reporting of wailing and gnashing of teeth amongst the populace in the UK at the unheralded uncertainty of it all, increasing the price of gold even further. When uncertainty strikes, people flee to what they know and the status quo wins wherever it exists. So why didn’t the Coalition win last Saturday, as people stuck with ‘certainty’, as I predicted they would by 52 percent to 48 percent? Political apathy and disillusionment. We are now hearing of ‘recriminations’ among the Federal Liberal Party, which is another way of saying ...