Will The Ousting Of McCarthy Hurt The Dollar?

It is increasingly debated that the current generation of politicians, notably in the two Anglo-Saxon countries, are markedly inferior to those of prior generations – intellectually, morally and in their commitment to public service. Rory Stewart’s new book (Politics on the Edge) highlights a number of examples.

This is a view I have some sympathy for and a more compelling argument, supported by most politicians I have met, is that social media has debased politics and political debate, to the extent that the untrue and absurd garner greater attention from potential voters. Speeches at the Tory party conference last week (e.g. Penny Mordaunt) and the toppling of Kevin McCarthy by Matt Gaetz, are instances.