Title: The Party of Davos is the biggest loser in Britain’s election | The Economist
Headings: The Party of Davos is the biggest loser in Britain’s election
Bagehot
The Party of Davos is the biggest loser in Britain’s election
The long climb back

Content: The long climb back
The Party of Davos needs to apply Oakeshott’s principle of scrutiny to itself if it is to have any chance of regaining its place at the summit of British politics. The Davosites must learn to see themselves as others see them. Appearing on the slopes to make the case for a second referendum, as Mr Rudd once did, or tweeting that Aspen is a great place to hold a discussion on refugees, like David Miliband, a Blairite ex-minister, guarantees political oblivion. They need to recognise that they are the beneficiaries of all sorts of hidden privileges. Davosites have relentlessly championed creative destruction without recognising that the costs of such policies fall disproportionately on people other than themselves. They need to see that they are on a hiding to nothing if they think they can win popular support by advocating a pure diet of economic and social liberalism. If anything, majorities want the opposite. This will require a lot of rethinking of lazy verities. Davosites need to think much harder about the importance of things like belonging, dignity and nationalism. It will also require a lot of self-policing.