As the figures for the third quarter come in, I am growing very worried about the future of Europe. Coronavirus has unleashed a disaster there that is hard to comprehend. The numbers are extraordinarily terrible. Let me show you what I mean.
Continue reading “The Unfolding Economic Catastrophe in Europe”Tag: Europe
On Coronavirus, We Don’t Want to End Up Like Europe
As the rich countries begin to release economic data for the second quarter, we can begin to form a clearer picture of where things stand. To date, it is undeniably the case that the crisis has been much worse for the European states than for the United States. This may change going forward, because the United States is still seeing its case load expand. But at present, the mainstream media narrative that the United States has uniquely mismanaged the crisis does not withstand scrutiny. The Europeans now face new long-term, existential threats to their social programs. They are much worse off.
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The Quarantine is Failing because Our Institutions Weren’t Built For It
All around us, the quarantine is beginning to die. In the United States, the Southern states are slowly abandoning it and many Midwestern states are planning to follow. But it’s not just Republicans. The European states are bailing too. If you ask Democrats why states are beginning to defect, they will tell you it comes down to greed and stupidity. They’ll tell you the rich Republicans are greedy and the poor Republicans are stupid. But this policy was never a good fit for either the American or European political systems. To work, it needed a lot of economic support from regional authorities, and it never got that support.
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The Problem with the Labour Party
On the 12th, the British Labour Party suffered a devastating electoral defeat at the hands of Boris Johnson’s Conservative Party. There have been lots of pieces about why Labour lost. Having taken the better part of a week to think about it, I’ve come to a view about where the trouble lies. Let me share it with you.
Why Trump Can’t Red-Bait His Way Out of 2020
Heading into the 2020 election cycle, the Trump administration is trying to portray the president as America’s shield against socialism. First President Trump proclaimed at the State of the Union that America “will never be a socialist country”:
More recently, he has levied sanctions on Cuba, Nicaragua, and Venezuela. The administration alleges that Cuba and Nicaragua are propping up the Maduro regime in Venezuela. It hopes to use the sanctions to get them to stop, while sending a warning to external powers like Russia and China.
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