James Forsyth James Forsyth

The new third Way

The Prime Minister is trying to steer a path between globalism and nationalism

issue 25 February 2017

Forget left and right — the new divide in politics is between nationalists and globalists. Donald Trump’s team believe that he won because he was the America First candidate, defying the old rules of politics. His nationalist rhetoric on everything from trade to global security enabled him to flip traditionally Democratic, blue-collar states and so to defeat that personification of the post-war global order, Hillary Clinton.

The presidential election in France is being fought on these lines, too. Marine Le Pen is the nationalist candidate, a hybrid of the hard right and the far left. She talks of quitting the European single currency and of bringing immigration down to 10,000 a year, while cursing international capitalism with an almost socialist fervour. Her likely second round opponent, the ex-finance minister Emmanuel Macron (profiled on p. 12), is the globalist candidate: a former Rothschild banker who believes in a eurozone budget, the Schengen borderless area and the need for France to deregulate.

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