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: Davosites are rationalists par excellence. The Party of Davos achieved its greatest success in Britain from 1997 to 2016. Tony Blair and David Cameron may have worn different-coloured rosettes, but they were both paid-up members of the party. Ditto their various comrades-in-arms, such as George Osborne on the right, Peter Mandelson on the left and Nick Clegg in the middle. Under Mr Blair the Labour Party made its peace with Margaret Thatcher’s pro-business philosophy by fawning over businesspeople. Under Mr Cameron the Conservatives made their peace with social liberalism by supporting gay marriage. The great purge of the Davosites started on the left, with Jeremy Corbyn’s election to the leadership of the Labour Party in 2015. Out went the likes of Mr Mandelson (who had once declared that “we are intensely relaxed about people becoming filthy rich”). In came hard-leftists who had learned their craft on picket lines rather than ski slopes. Mr Corbyn even advocated putting one of Davos’s heroes, Mr Blair, on trial for war crimes.