The job of revolutionaries is to make revolution. At least that’s what Mao and Che said. They probably didn’t think that the adage would apply to a bourgeois revolutionary like Farage. But times change. The world changes.
Hans-Hermann Hoppe shares his insight on the nature of the European Union, the future of the world economy, and the danger of the USA embracing a European type economy – which basically it has.
Una roccia settentrionale moment?
You may not have heard over the American political din of the last few days but Italy’s banking sector is melting. Eyes are on Europe’s southern tier right now. “The soft underbelly” of Europe. The words “inter-bank lending” (specifically potential problems with it) and “contagion” are creeping back into the global financial conversation. As we’ve said it is very likely that any financial downturn in the next year or so will be blamed on Brexit, and the current Italian troubles no doubt have much to do with Brexit,
They didn’t “shake off” Brexit. The markets, to almost everyone’s surprise – including Brexiteers – celebrated the UK’s independence.
There is a sense that the lock down the establishment banks and governments have had on things for years and years has broken down. Markets are taking in the oxygen. It’s real air too, not central bank created life gas.
Markets go up and down (at least they used to) and any future dip will probably be blamed on Brexit by some.
Many have long argued that a “United States of Europe” was the end goal of the European Union. Now this goal, once spoken about in hushed tones is more out in the open.
Long have many in Europe resented the power of the USA. (Which frankly in some ways is understandable. Though Europe is also full of friends of America too.) The euro was established to counter the dollar as a potential reserve currency and petro currency. Now the challenge is more than just economic,
As we said in an earlier post, the guys running the show in Eastern Bloc countries weren’t happy when the Berlin Wall came down. Likewise the apparatchiks of various sorts deeply embedded in and often reliant on the European Union system have had heart attacks in the face of Brexit.
Brexit is not on par with the collapse of communism however. The end of the Cold War was more than surprising, or even mind blowing,
On Friday the world changed. Brexit became reality. The old order was dealt a serious and very public blow. The “establishment” defined by the big banks, the big corporations, and big government was shocked. They couldn’t believe it. How could it be that Britons rejected the system they had spent so many years constructing, a system from which they the cronies had greatly profited?
The media likewise continues to howl in an almost existential bay at the great political wheel in the sky.
As they say in Parliament, “Hear, hear.”
If you leave you are a’gonna pay. You Brits aren’t going going to rain on our pan-European parade. Err…I mean…We’re just looking out for your best interests.
This is a steady slide. Certain speech is to be celebrated. Other speech is to be crushed. Dissent to be extinguished. The state is who is in control.
“You think your social media will save you? You think you’ll be able to express your backward ideas in freedom, like a free person? You don’t even know that you are under our heel. Get in line and do as your betters command. We control the government. We control the universities.
I was just speaking to an engineer who is originally from Trinidad who expressed hope that Britain will come to its senses and will vote for Brexit. He has family in the UK and knows well the incompetence of the bureaucrats in Brussels.
How can the Europeans allow this to happen to them? Is the welfare state so worth preserving (good luck with that) that you guys are willing to flush what you have down the toilet?
“To keep insisting that the EU is about economics is like saying the Italian mafia is interested in olive oil and real estate.”
Cocktails and only the right kind of politics please.
I have to say that I was not in Cannes this year as I had kids to take care of, the dog needed a bath, and my Learjet is in the shop. (Maybe next year.) Nor have I seen I, Daniel Blake. (Which I have no doubt is extremely well done.) But it is interesting that the most celebrated movie of the festival was funded to some extent by the European Union.