we can also, I think, apply this to politicians and to leaders such as Johnson is that they are

on a kind of quest to be credible. Now, it's an odd thing to say about Johnson, given that he is

famously a liar and most of what he says should not be treated too seriously. But crucial to how financial markets work

is that one of the reasons people invest their belief, their credit in a given stock,

in a given bond, or basically in these pieces of paper, these legal instruments that were of

no sort of intrinsic value beyond what people expect them to

pay out over the time is that as long as enough people all sustain a certain kind of belief that

whatever government bonds are going to hold their value and over time if enough people people believe that, they will hold their value over time.

If people can see that a given stock is accumulating credibility, accumulating popularity,

it becomes rational for other people to buy into them.

And effectively, Johnson has been hovering around the Conservative Party now for, you know, if you, he was in the spectator before then, but he's been on the political scene now for kind of 15 years or so. And obviously with a period as Mayor of London, and he's been kind of hovering over the shoulder of successive

conservative leaders including Theresa May including David Cameron but he's been this sort of

this this possible vehicle that most people would say we should not get into that vehicle

it is clearly dangerous but at a certain point if enough people will all agree that this is something that they're going to back,

by the logic of the logic of financial assets to kind of, this is the sort of Michel Faire move,

is to sort of see this kind of analogy between sort of literal financial assets and these other areas of

neoliberal life where things kind of attain credibility through kind of as through sort of

crowd sentiment that what Johnson always had was recognition with the public and amazing relationships

with certain corners of the press. But, you know, there is the possibility of a sort of bubble of

political investment starting with certain corners of political investment, starting with

certain corners of the press, but then ultimately all these different corners of the Conservative

party, none of whom may, you know, particularly like him, none of whom may have any particular

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