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Is a global political realignment underway?

December 6, 2024

Political Earthquake: Global Shifts in Power

A Recent Post on X.com Highlights Global Political Shifts

A recent post on X.com got nearly 24 million views and appears to show something quite profound about the state of global politics.

Here it is:

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Keir Starmer is Labour prime minister of the UK, having dislodged the Conservatives from a perch they held for 14 years.

“The prime minister’s approval rating takes a 49-point tumble just months after a landslide election victory in July,” boomed Politico.

What’s going on here?

Buyer’s remorse, of course. Starmer is ramping up taxes and doing what governments in power always do – interfere in people’s lives and trot out nonsensical economic policies. His latest is a 20% inheritance tax that will come into effect in April 2026. This will apply to agricultural assets over £1 million and has sparked protests across the country.

“They (the UK) are on the verge of collapse as an economy, as a banking system, and as a society. So rather than running the risk of an uprising at home, they’d rather start WWW III and tell everyone at home ‘You’ll have to go fight the Russians,’” said Alex Krainer, geopolitical commentator and fund manager.

The recent election of Donald Trump is another example of a political uprising. Same in South Africa with the formation of a Government of National Unity.

In the UK and the US, Labour and the Democrats have deserted their working-class base. In South Africa, the ANC lost its majority because it was perceived to have deserted its base. Into that vacuum stepped the MK Party led by Jacob Zuma.

Proposed tax hikes triggered riots in Kenya in July. The government later abandoned the tax increases and dismissed several ministers. Malawians, too, have had enough of corruption among politicians and take to the streets. Zambia’s cracking down on political opponents.

Expect more of this as the economic hits of the last few years begin to bite across the continent. There’s a political earthquake underway.

It will be interesting to see how long Keir Starmer can survive with numbers like these.

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