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: Exasperated Davosites are now backing the Lib Dems, but so far the polls are moving against them. There is no doubt that the Davosites deserve much of what has been hurled at them. They overpromised and underdelivered. Gordon Brown boasted that Britain had abolished the cycle of boom-and-bust under his leadership, only to see the global economy plunged into the worst financial crisis since the 1930s. Mr Blair championed the war in Iraq on the grounds that Saddam Hussein possessed weapons of mass destruction, and that toppling a dictator might bring democracy to the Middle East. They engaged in a pattern of self-dealing that destroyed the bond of trust between the political elites and the masses. Since the financial crisis the likes of Messrs Blair and Osborne have grown “stinking rich” by selling their advice to global companies, while ordinary British workers have seen their wages stagnate. And they failed to learn the lessons of history. Too many Davosites think they need only make corporations a bit more woke and all will be forgiven. But even when all that is conceded, British politics is paying a heavy price for the collapse of the Party of Davos.