The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
I am usually one who defends the Pax America project in general, mostly because of the globalization it has allowed and which will probably not continue without out it. But I do think that the US economy, and especially its working and middle classes, will see their prosperity rise quickly and significantly in response to US withdrawal from world governance activities.
Over here, working people in Germany are not the ones doing well from Germany's economic annexation of southern Europe.
A cynical view is that the Ruling Party realised that some social concessions were better than revolution. So concessions were duly made.
The US doesn't have anything equivalent. The end of the US empire is not working out well at all for 99% of US citizens.
The US is in no position to return to making stuff.
The biggest problem the US and European economies face is distributional efficiency. This is only going to get worse as robotics increasingly diminishes the role of labor in manufacturing. The USA has all of the capital it needs to reform and revise the economy. The problem is that this capital is in the hands of an elite that expects a higher rate of return than is compatible with much of what most urgently needs doing - the Green New Deal. There are two obvious solutions: 1) tax the elites and do the needed spending from those taxes; 2) fund the spending directly by government spending out of newly created money; or some combination. I prefer 1 because it would also address the need for redistribution of wealth. "It is not necessary to have hope in order to persevere."
by rifek - Apr 18
by rifek - Apr 17 1 comment
by rifek - Apr 7 1 comment
by gmoke - Apr 3
by rifek - Apr 1
by rifek - Mar 30 1 comment
by gmoke - Mar 29
by gmoke - Mar 22 1 comment
by gmoke - Apr 20
by Oui - Apr 203 comments
by gmoke - Apr 18
by Oui - Apr 181 comment
by rifek - Apr 171 comment
by Oui - Apr 12
by Oui - Apr 716 comments
by rifek - Apr 71 comment
by Oui - Apr 6
by Oui - Mar 313 comments
by Oui - Mar 3110 comments
by rifek - Mar 301 comment
by gmoke - Mar 221 comment
by Oui - Feb 2810 comments