"Political paralysis in Europe and America is amazing. Britain's Prime Minister Keir Starmer, elected only two months ago with a thumping majority in Parliament, already is losing political steam amid economic stagnation, a bout of rioting across the country, and internal party divisions over Israel and Gaza. France only this week got a new prime minister following President Emmanuel Macron's botched election gambit this summer, and Germany might as well not have one after the parties of Chancellor Olaf Scholz and his ragtag coalition were wiped out in last weekend's legislative elections in two states.
All three of those key American allies face economic malaise (chiefly occasioned by boneheaded energy policies), fiscal emergencies arising from unreformed welfare states, and escalating social tensions around immigration. There's Europe's typical level of dysfunction, and then there's this. It's hard to think of a time when the U.K. and the Continent's largest economies were less governable or more poorly governed.
Europe's problems came to be visited on America's shores (and vice versa) via a complex interaction between Biden administration strategic weakness, European energy-policy errors, and sanctions on Russia-- which all led to an energy and economic crisis in Europe, and a global energy-price spike that also hit the U.S." [1]
It is funny that the sanctions against Russia did not affect Russia because the Global South resisted these sanctions.
1. Political Economics: An Economic October Surprise Could Roil the 2024 Election. Sternberg, Joseph C. Wall Street Journal, Eastern edition; New York, N.Y.. 06 Sep 2024: A.15.
Komentarų nėra:
Rašyti komentarą