 Inflation and immigration. Governments around the world that have lost control of both of them, lost control of inflation and lost control of immigration, are being punished by their voters. You see it in France, you see it in Europe, you see it in Britain, and I think you might see it soon in America. The UK has its first change in government in 14 years after the Labour Party won a landslide victory early Friday in a general election that saw the Conservative Party suffer its biggest defeat ever.