Europe has learned a lesson. Appeasing a bully doesn’t work, especially when, as anyone watching Trump’s Davos rant could see, that bully is experiencing rapid cognitive decline. But standing up to him does work.
‘If you are not at the table, you are on the menu’ Carney said the world’s middle powers must unite to resist coercion by aggressive superpowers, warning that traditional assumptions about global order no longer hold.
The White House vs NPR - and more
It is becoming conventional wisdom that US President Donald Trump will be tough to beat in November, because, whatever reservations about him voters may have, he has been good for the American economy. Nothing could be further from the truth.
Fox News refused to air this interview with Dutch historian Rutger Bregman after Fox News host Tucker Carlson lost his temper, calling his guest a 'tiny brain...moron' during the interview.
Davos Man is also fine with government regulations that reduce the bargaining power of ordinary workers. For example, Davos Man has not objected to central bank rules that target low inflation even at the cost of raising unemployment. Nor has Davos Man objected to meaningless caps on budget deficits, like those in the European Union, that have kept millions of workers from getting jobs.
Increasing inequality and poverty are very far from inevitable. They’re the result of political and economic decisions.
While some of the world's economic and political elite gathered in Davos, Switzerland for the annual World Economic Forum, a United Nations agency reported that there has been an increase in unemployment planet-wide of 28 million since the onset of the current economic crisis five years ago. One million jobs were lost in western capitalist economies last year alone and three million in the rest of the world.
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