London mayor Boris Johnson is emblematic of the global trend of anti-politicians gaining the support of voters. Photo: Facundo Arrizabalaga / EPA
London mayor Boris Johnson is emblematic of the global trend of anti-politicians gaining the support of voters. Photo: Facundo Arrizabalaga / EPA
London mayor Boris Johnson is emblematic of the global trend of anti-politicians gaining the support of voters. Photo: Facundo Arrizabalaga / EPA
London mayor Boris Johnson is emblematic of the global trend of anti-politicians gaining the support of voters. Photo: Facundo Arrizabalaga / EPA

If populists rise to power, the system may be broken


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In much of the world, respect for politicians is exceptionally low. A Pew Research Center poll last year found declining faith in political leadership across Europe (down to a fairly miserable 20 per cent in the Czech Republic), while another poll in Britain, by IPSOS Mori, showed the public thought that estate agents, bankers and, ahem, even journalists were more likely to tell the truth than the not-so-esteemed tribunes of the people.

This leaves an opening for populists, those who present themselves as a break with “politics as normal” and offer a usually plain-speaking alternative attractive to the voters. Think of Recep Tayyip Erdogan in Turkey, or Boris Johnson in the UK, Joko Widodo in Indonesia, Narendra Modi in India, the late Hugo Chavez and a host of others in South America.

At one level, the opportunity to vote for seemingly anti-establishment candidates is good for democracy – why shouldn’t people be able to cast their ballots to opt for someone fresh and new? These characters tend to be charismatic, winningly off-message, and very clearly standing against a status quo often seen as self-interested, self-satisfied and out of touch. (In the last case, often surprisingly so. See Hillary Clinton’s comment that she and her husband, former president Bill, were “dead broke” when they left the White House – to which most responded: “Not as we understand the term.”)

Insurgent populists can often justly claim that they are channelling desires that previous office-holders and parties have neglected. Prime minister, and now president-elect, Erdogan has given voice to the religious devotion of the majority that Ataturk’s state-imposed secularism had sought to deny from the establishment of modern Turkey. Another president-elect, Joko Widodo (popularly known as “Jokowi”), is the first Indonesian head of state to be unencumbered by any baggage from his country’s long decades of authoritarian rule.

Others have cleverly tapped into a general “none of the above” disenchantment. London’s Eton and Oxford-educated mayor, Boris Johnson, now all but a declared candidate for Conservative party leader, has used his air of amusing dishevelment and daringly-displayed erudition – no politician likes to be seen to be too clever – to persuade his legions of fans that his privileged background is no bar to his being more in tune with the man in the street.

But at another level there are many possible dangers. Populists can come to believe that their “purer” mandate from the people puts them above such trifles as boring constitutional niceties. Mr Erdogan – boosted, to be fair, by being directly elected rather than appointed by parliament – has already made it plain that he intends to test what was previously a fairly ceremonial role to the limits. His governments as prime minister have not hesitated to interfere with other supposed guarantors of state impartiality, notably the judiciary and the military. His country is increasingly no longer held up as an example of how religiously-inspired politics can coexist with a plural, secular democratic system.

In Russia, Vladimir Putin’s popularity cannot be doubted – even in elections in which vote-rigging was alleged, the question was over the scale, not the fact, of his and his party’s victories. But his attempts to address the Russian people’s perception of being humiliated internationally in the post-Soviet era have led to escalations almost universally regarded as fraught, and are likely to damage the domestic economy, however much his actions are applauded at home.

Eamon de Valera, the most dominant prime minister and then president in Ireland’s history since independence, was one such conviction populist. “If I wish to know what the Irish want,” he once declared, “I look into my own heart.” Impressively single-minded and visionary, perhaps; dangerously verging on the dictatorial and non-consultative would be another way of looking at it. And once a leader is on that trajectory, such disregard for the counsel of others can lead to extremities.

Libya’s Colonel Qaddafi was originally admired, not just at home but by Egypt’s President Nasser, who said, shortly before he died in 1970: “I rather like Gaddafi. He reminds me of myself when I was that age.” The colonel had only recently taken power. What followed is well-known.

But ultimately for populists to succeed, it means something has gone very badly wrong with the practice of government and opposition itself. Politicians are not all out for themselves. It is – it certainly should be – a noble calling, and for all its practitioners to be deemed “as bad as each other” weakens the foundations of even the rule of law itself. Once that faith is shaken, then constitutions can come to be seen as mere contingent documents, to be discarded at whim, and eras are ushered in where “nothing is permanent”, as Eric Trager, a fellow at the Washington Institute for Near East Policy, put it in an essay earlier this year.

Compromising in the national interest may not always be popular. Votes and seats can be won through intransigence, no matter that it paralyses government, as hard core Tea Party politicians have lamentably shown in the US. But politics can and should be the art, not of obstruction, of honourable compromise, as some American politicians still recognise.

Even the Tea Party favourite, Republican Senator Rand Paul, recently co-sponsored a criminal justice reform bill with the Democratic Senator Cory Booker. Such agreement is possible. Beware the populist who, through a purist desire for “a plague on all their houses”, cannot, and will not, countenance it.

Sholto Byrnes is a Doha-based commentator and consultant

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Roll of honour

Who has won what so far in the West Asia Premiership season?

Western Clubs Champions League - Winners: Abu Dhabi Harlequins; Runners up: Bahrain

Dubai Rugby Sevens - Winners: Dubai Exiles; Runners up: Jebel Ali Dragons

West Asia Premiership - Winners: Jebel Ali Dragons; Runners up: Abu Dhabi Harlequins

UAE Premiership Cup - Winners: Abu Dhabi Harlequins; Runners up: Dubai Exiles

West Asia Cup - Winners: Bahrain; Runners up: Dubai Exiles

West Asia Trophy - Winners: Dubai Hurricanes; Runners up: DSC Eagles

Final West Asia Premiership standings - 1. Jebel Ali Dragons; 2. Abu Dhabi Harlequins; 3. Bahrain; 4. Dubai Exiles; 5. Dubai Hurricanes; 6. DSC Eagles; 7. Abu Dhabi Saracens

Fixture (UAE Premiership final) - Friday, April 13, Al Ain – Dubai Exiles v Abu Dhabi Harlequins

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

MATCH INFO

Day 2 at Mount Maunganui

England 353

Stokes 91, Denly 74, Southee 4-88

New Zealand 144-4

Williamson 51, S Curran 2-28

ICC Awards for 2021

MEN

Cricketer of the Year – Shaheen Afridi (Pakistan)

T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)

ODI Cricketer of the Year – Babar Azam (Pakistan)

Test Cricketer of the Year – Joe Root (England)

WOMEN

Cricketer of the Year – Smriti Mandhana (India)

ODI Cricketer of the Year – Lizelle Lee (South Africa)

T20 Cricketer of the Year – Tammy Beaumont (England)

AUSTRALIA SQUAD

Tim Paine (captain), Sean Abbott, Pat Cummins, Cameron Green, Marcus Harris, Josh Hazlewood, Travis Head, Moises Henriques, Marnus Labuschagne, Nathan Lyon, Michael Neser, James Pattinson, Will Pucovski, Steve Smith, Mitchell Starc, Mitchell Swepson, Matthew Wade, David Warner

Full Party in the Park line-up

2pm – Andreah

3pm – Supernovas

4.30pm – The Boxtones

5.30pm – Lighthouse Family

7pm – Step On DJs

8pm – Richard Ashcroft

9.30pm – Chris Wright

10pm – Fatboy Slim

11pm – Hollaphonic

 

The specs: Macan Turbo

Engine: Dual synchronous electric motors
Power: 639hp
Torque: 1,130Nm
Transmission: Single-speed automatic
Touring range: 591km
Price: From Dh412,500
On sale: Deliveries start in October

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204-cyl%20turbo%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C600rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C500-4%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.9L%2F100km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh119%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

Two-step truce

The UN-brokered ceasefire deal for Hodeidah will be implemented in two stages, with the first to be completed before the New Year begins, according to the Arab Coalition supporting the Yemeni government.

By midnight on December 31, the Houthi rebels will have to withdraw from the ports of Hodeidah, Ras Issa and Al Saqef, coalition officials told The National. 

The second stage will be the complete withdrawal of all pro-government forces and rebels from Hodeidah city, to be completed by midnight on January 7.

The process is to be overseen by a Redeployment Co-ordination Committee (RCC) comprising UN monitors and representatives of the government and the rebels.

The agreement also calls the deployment of UN-supervised neutral forces in the city and the establishment of humanitarian corridors to ensure distribution of aid across the country.

Roll%20of%20Honour%2C%20men%E2%80%99s%20domestic%20rugby%20season
%3Cp%3E%3Cstrong%3EWest%20Asia%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Bahrain%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Jebel%20Ali%20Dragons%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%201%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Sharks%0D%3Cbr%3ERunners%20up%3A%20Abu%20Dhabi%20Harlequins%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%202%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%20III%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Sharks%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDubai%20Sevens%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%3C%2Fp%3E%0A
Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

'The Sky is Everywhere'

Director:Josephine Decker

Stars:Grace Kaufman, Pico Alexander, Jacques Colimon

Rating:2/5

UAE squad

Men's draw: Victor Scvortov and Khalifa Al Hosani, (both 73 kilograms), Sergiu Toma and Mihail Marchitan (90kg), Ivan Remarenco (100kg), Ahmed Al Naqbi (60kg), Musabah Al Shamsi and Ahmed Al Hosani (66kg)

Women’s draw: Maitha Al Neyadi (57kg)

Graduated from the American University of Sharjah

She is the eldest of three brothers and two sisters

Has helped solve 15 cases of electric shocks

Enjoys travelling, reading and horse riding

 

Result

Arsenal 4
Monreal (51'), Ramsey (82'), Lacazette 85', 89')

West Ham United 1
Arnautovic (64')

Who is Mohammed Al Halbousi?

The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.

The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.

He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.

He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.

He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.

MATCH INFO

Quarter-finals

Saturday (all times UAE)

England v Australia, 11.15am 
New Zealand v Ireland, 2.15pm

Sunday

Wales v France, 11.15am
Japan v South Africa, 2.15pm