David Cameron, Prime Minister of the United Kingdom, is in a bind. Not because recent opinion polls put his party a dozen points behind Labour and not even, really, because the British economy continues to splutter along in search of a long overdue recovery.
Europe's 1960s protest movement sought to chart a path to political power in the interest of a socialist agenda—a “long march through the institutions” is what they called it.
The Weimar Union
July 13, 2012
THE PUBLIC DISCUSSION of Europe’s economic crisis has carried a curious air of repression: When commentators have worried about worst-case scenarios—the scenarios that harken back to the dark moments in the Continent’s history—they have generally been dismissed as alarmist. But there are good reasons to treat these dire warnings with the gravest seriousness—to place them within the realm of plausibility. One of these reasons can be found within the file cabinets of the U.S. government. In 2004, the U.S.
Hungary’s Prime Minister Bites the Hand that Feeds Him
March 26, 2012
On March 15, Hungarian Prime Minister Viktor Orbán stood before nearly 100,000 of his fellow countrymen in Budapest and declared, “Hungarians will not live as foreigners dictate.” Drawing an explicit connection between the European Union, which Hungary enthusiastically joined in 2004, and the Soviet Union, which brutally crushed a Hungarian revolt in 1956, Orbán said, “We are more than familiar with the character of unsolicited comradely assistance, even if it comes wearing a finely tailored suit and not a uniform with shoulder patches.” This style of demagoguery is nothing new for Orbán.
Though the continent's collected prime ministers will no doubt again pledge to do all that's within their powers to preserve the grandeur of the European Union when they meet today in Brussels, the continent's fate ultimately rests on the quiet, technocratic governments of Italy and Greece. Unfortunately, those administrations have since seen their fortunes diverge considerably. It’s worth noting, however, that their respective failures and successes have been entirely predictable (if not entirely preventable.) Take Italy first.
Does Romney Have an IMF Problem?
December 09, 2011
[Guest post by Jarad Vary] Any time you hear about a sensible idea to help keep the world economy afloat, you can bet on two things: First, Mitt Romney will probably give it a tepid thumbs up. Second, Republican lawmakers will make him sorry he did. After all-night negotiations in Brussels, this morning International Monetary Fund chief Christine Lagarde made an encouraging announcement: EU countries had promised $267 billion to boost the Fund’s lending capacity.
It’s not yet certain whether European leaders will arrive at an agreement at today’s summit in Brussels, but what’s already clear is that Europe is running out of time. After two years of kicking the can down the road, contagion from the continent’s debt crisis has begun to infect Europe’s core. Indeed, the credit rating agency S&P recently threatened to downgrade the credit ratings of the entire Eurozone due to the increased risk of financial cataclysm.
Has the Euro Crisis Killed Off Social Democracy For Good?
December 03, 2011
Madrid–Outgoing Socialist Prime Minister Jose Luis Rodríguez Zapatero, of Spain, had until recently been the beneficiary of propitious circumstances. Party infighting enabled him to outmaneuver the establishment favorite in the 2000 primaries. Four years later, he eked out an eleventh hour victory in national elections when a terrorist bombing mere days before voting turned the tide against incumbent conservatives.
Don't Be Evil
July 13, 2011
In the Plex: How Google Thinks, Works, and Shapes Our Lives By Steven Levy (Simon & Schuster, 423 pp., $26) The Googlization of Everything (And Why We Should Worry) By Siva Vaidhyanathan (University of California Press, 265 pp., $26.95) I. For cyber-optimists and cyber-pessimists alike, the advent of Google marks off two very distinct periods in Internet history. The optimists remember the age before Google as chaotic, inefficient, and disorganized.
May 30, 2011
What is it about international justice that impels so many intelligent and politically sophisticated people to spout so much utopian nonsense? Anyone doubting this needs to look at the statements that have been pouring like rain out of the United Nations, and out of the major human rights organizations like Amnesty International and Human Rights Watch, about the arrest of Ratko Mladic, the commander of Serb rebel forces during the Bosnian War and architect of the Srebrenica massacre, in which 8,000 Bosniak men and boys were murdered in cold blood.