A long post, but bear with me:
Technocratic centrism isn’t dead. It’s just been pushed off the stage by something louder, nastier, and far more dangerous. And because it comes wrapped in slogans, flags and performative rage, half the audience still thinks it’s entertainment.
For a few decades after the war, a lot of the West ran on a bargain that was never properly written down, but everyone understood it. You paid your taxes, the state did the basics, and life slowly got better. Governments didn’t have to be brilliant, they just had to be competent and broadly honest. Politics was a bit like running a well managed shipping line. Not glamorous, but predictable. You didn’t need fireworks, you needed the timetable.
That was the Post War Settlement in spirit if not always in detail. It was built on trust. Trust that the numbers weren’t invented. Trust that civil servants weren’t party operatives. Trust that if you lost an election you accepted it and went home. Trust that most politicians weren’t saints, but they weren’t openly looting the place either.
Then came the stress test. Not one crisis, but a series of them. The financial crash. A decade of austerity. Brexit. Covid. The cost of living spike driven by global energy prices after Russia invaded Ukraine. Add in housing shortages, creaking infrastructure, and public services stretched past the point of decency. Each crisis took a bite out of competence and a bite out of trust.
And here’s the awkward part. Crises have a price. Somebody has to pay it. In a serious country, the bill is shared and it’s explained honestly. In a tired country, voters start wanting the benefits without the cost. They want the state to fix everything, instantly, without taxes rising, without bills rising, without sacrifice, and without admitting that some of the pain is the price of earlier mistakes.
That’s when “handshake government” starts to fail. The old model relies on trade-offs and patience. It assumes voters will accept that complex problems take time and money to solve. But after enough shocks, patience runs out. People stop wanting management and start wanting magic.
They want instant solutions.
They want an NHS that works tomorrow, without paying for it. They want cheaper energy, without building anything. They want lower taxes, better services, and no difficult decisions. They want immigration controlled, but they don’t want the administrative grind of enforcement, courts, returns agreements, staffing, and processing. They want the results, not the work. They want a country that feels like 1997, but with today’s living standards and none of the global pressures.
That is the moment the populist walks in.
And this is where the Baltic Exchange comes in, because it’s the best analogy I know for what’s happening to trust.
The Baltic Exchange was the London marketplace for shipping, where shipbrokers and charterers fixed cargoes and agreed deals. For much of its history it ran on reputation and convention. The old motto was “My word is my bond”. It wasn’t a legal contract in the modern sense. It was a way of saying: if I give you my word in this room, the deal stands, because if it doesn’t, I’m finished. In a close market, trust is currency. Once you lose it, you’re out.
That sort of system works brilliantly, right up until the day someone walks in who doesn’t care about the convention.
Putin is the textbook example. He’s both the warm-up and the final result. He took a weak democracy, kept the outward forms, and turned it into a managed system where power sticks, money flows upwards, and opponents are treated as enemies of the state. He didn’t abolish elections. He made them pointless.
Trump is simply copying the same playbook, adapted for a country with stronger institutions and a louder media. The same MO, just with different props. The goal isn’t policy. The goal is dominance. You don’t persuade the electorate, you divide it. You don’t accept scrutiny, you discredit it. You don’t treat the state as a public trust, you treat it as something to be owned.
The key thing people miss is what elections are actually for.
Elections exist so you can boot them out before they start thinking the country belongs to them.
That ability is the safety catch. If leaders know they can be fired, they behave differently. If they know they can’t, they behave exactly as you’d expect human beings to behave when they’re untouchable.
So the real trick isn’t cancelling elections. That would be crude. You keep the rituals, the ballot boxes, the speeches, the solemn talk about “the will of the people”. You just quietly make sure the result can’t threaten you.
You do it by picking a fight with anyone who might stop you. Judges, journalists, regulators, election officials - they all get shoved into the same bucket: “enemies of the people”. Reality becomes just another hostile actor. It’s the political equivalent of smashing the speedometer because you don’t like what it says.
Thomas More had it nailed, centuries before social media and culture wars. If you cut down the laws to get at the devil, you’ll have no shelter left when the devil turns on you. That is exactly what happens when people decide courts, watchdogs, rules and due process are just “red tape” that can be swept aside to deliver instant results. You don’t end up with freedom, you end up with a leader who can do whatever they like, and a public that has removed its own protection in the name of common sense.
Then you tilt the playing field quietly. Nothing dramatic, nothing that looks like a coup. Just a steady drift of small changes that all point the same way. Voting gets a little harder in the wrong places, the rules get bent, the money flows to the right people, and the state starts behaving like it has favourites. The opposition can still exist, but it’s forced to fight with one hand tied behind its back.
And all the while, you run the country as a performance.
It’s all done as performance. A crackdown on camera, a new enemy every week, and a constant sense of emergency. The targets change depending on what’s useful. The point is the same: keep the electorate angry and distracted. When people are knackered and raging, they don’t organise properly. They don’t demand receipts. They just react.
Now here’s the part that centrists are too polite to say out loud, because it sounds rude, and rudeness is apparently worse than corruption.
The real thing after Trump won’t be about governing. It will be about extraction.
Once the leadership no longer fears being removed, it stops serving the public and starts serving itself. That isn’t ideology. It’s basic human behaviour. If you can’t be fired, you stop caring what the customer thinks.
The state becomes a funnel. Taxes still come in, but they don’t come back as functioning services. They come back as mates’ rates contracts and cosy appointments, and the rest is quietly funnelled upwards. You’ll see it in everyday life: the bills creep up, the services get worse, and the same firms keep winning the work. Your money is still taken, but the basics quietly rot - hospitals, courts, schools, water systems, roads. You pay more and get less, because the difference is being siphoned off.
And you’ll be told this is freedom.
They’ll call it sovereignty. Patriotism. Common sense. Taking back control. But what it really means is your citizenship has been reduced to applause while the people at the top help themselves. You stop being treated like a citizen. You’re treated like an audience.
That’s what “hollowing out democracy” actually means in real life.
You still get to vote, but it stops being a way to change the leadership. It becomes a ritual. A bit like shouting at the telly during Match of the Day. It feels satisfying in the moment, but it doesn’t change anything important. The candidates are pre-filtered by money, media ecosystems, and party machines that have been bent into shape. The opposition exists, but it’s starved of oxygen, smeared as “unpatriotic”, and treated as a security risk rather than a political alternative.
Then your vote gets replaced by your identity. Politics becomes less about what the state does and more about which tribe you’re in. The point is to keep you loyal, angry, and distracted. If your living standards fall, it’s not because the system is failing you, it’s because “they” are doing it to you. Migrants, judges, Brussels, woke teenagers, whoever’s handy this week.
And when you finally notice you’re poorer, the services are worse, and nothing works, you’ll be told it’s your fault for not believing hard enough.
Does this mean you instantly become Putin’s Russia? Not overnight. Western democracies have stronger institutions and deeper habits of legality. But Russia shows you the endpoint: elections that exist but don’t change power, courts that serve the regime, media as state theatre, and corruption as the operating system. A country where leaders aren’t accountable to voters because they’ve made themselves immune to voters.
That’s the warning. Not that democracy ends with a bang. That it ends with a shrug.
Democracy doesn’t die when people stop voting. It dies when voting stops being a threat to the people in charge.
And if you think this is all too dramatic, ask yourself a simple question. If “my word is my bond” stops meaning anything, what exactly is left holding the whole thing together?










