The fallout from the trade wars could be horrific if Trump refuses to back down, while the countries he’s attacking ratchet up their own responses, whether in terms of tariffs or simply a refusal to buy American goods.
Free-market orthodoxy has failed. It’s time to consider our public interest. Europeans, Canadians and Mexicans buy more American goods and services than anyone else in the world. So why would the Trump administration be willing to start trade wars?
Voters can't tell the difference between the center left and the center right, and they don't want either. As the center-left accommodated itself to capital, it eroded its trade union base. Where center-left parties embraced unabashedly progressive policies, on the other hand, voters supported them
Greece's former finance minister under the radical Syriza government offers a revealing tell-all about modern capitalism through his battles over Greece’s debt with the “Troika”: the International Monetary Fund, the European Commission and the European Central Bank (ECB), and eventually with his own prime minister.
The UK's Conservative government is weak, the Labor Party is rising, and EU members are out for blood.
A country that hasn’t had a civil war in more than 150 years, where secessionist movements from Texas to Vermont have generally caused merriment not concern, now faces divisions so serious, and a civilian arsenal of weapons so huge, that the possibility of national disintegration has become part of mainstream conversation. Indeed, after the 2016 elections, predicting a second civil war in the United States has become all the rage across the political spectrum.
That millions of workers worldwide become "losers" in the process of globalization, should not surprise anyone. Nor that many react with mistrust and blind rebellion. That part of the working class – lacking left political parties with strategies to address this crisis -- are attracted by the extreme right’s verbal anti-establishment rhetoric, is against this background understandable. To understand, however, is not the same as to accept, let alone support.
Beethoven's Ode to Joy (Ninth Symphony) is the official anthem of the European Union. Flash mob performance by the Nuremburg Sympthony.
Rising rapidly in the polls, the candidate of ``France Insoumise" has become the main target for defeat by his opponents. The right-wing press is unleashed, and the head of state mingles his voice in the refrain ``Liberalism or Apocalypse", which seeks to discredit any alternative policy.
Until recently, any proposal to "save" Europe was regarded sympathetically, albeit with skepticism about its feasibility. Today, the skepticism is about whether Europe is worth saving. The European idea is being driven into retreat by the combined force of a denial, an insurgency, and a fallacy. progressives need to ask a straightforward question: Why is the European idea dying? The answers are clear: involuntary unemployment and involuntary intra-EU migration.
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