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The intellectually arrogant arguments against “populism” fail to consider that it is an important ingredient in any democracy. It is demagoguery that is dangerous. And there is plenty of that in France’s election campaign. With many of the candidates railing against “inequality” – a strength, not a weakness of mankind – only Francois Fillon, who supports free markets and an EU that acts as a fatherland of the fatherlands, has a realistic economic and social agenda.
Prince Michael of Liechtenstein
returns suggest that Turkey’s President Recep
Tayyip Erdogan has prevailed in the referendum
on giving him sweeping new powers, even if this mandate may not be a strong one
at this point. The European Union should tread carefully: rather than try to
marginalize the leader of Turkey, it should find ways to cooperate with a
critically needed ally for Europe and NATO.
You may not be able to
see it, but Europe’s biggest economies have piled up enormous amounts of pension
debt. The European Central Bank’s policy of target credits and quantitative
easing has only made things worse. With politicians seemingly determined not to
notice, a systemic implosion may be inevitable.
President Trump was back in the headlines last week, for once, the media gave
his moves some positive coverage. And for good reason: the U.S. strike against
a Syrian air base, the appointment of Judge Gorsuch to the Supreme Court and
new economic policy moves all bode well for the administration.
President Donald Trump’s
economic program is perceived by many as a recipe for disaster. But its most
questionable, protectionist elements – such as the border adjustment tax – are
unlikely to be implemented or could bring completely unexpected benefits. And
the new administration’s plans for infrastructure and deregulation should bring
At this historic juncture, leaders of the European
Union should awaken to the fact that Europe’s strength has always been its
common cultural heritage and its diversity. The way out of the EU’s current bind
is through expanding regional cooperation and replacing centralistic,
market-strangling regulations with robust, friendly competition.
charged pseudo-problems and theatrical political “summits” tend to distract the
public from important issues. As a result, many of the world’s challenges
become worse while leaders leave them unattended
The main threat to
world peace can be found not in Eastern Europe or the Middle East, but along a
6,000-mile stretch of land and sea on Asia’s eastern and southern rim. As China’s
push for access to the sea runs up against a picket line of U.S. allies and
bases, potential conflicts are brewing.
China & Northeast Asia
Evidence that Russia tried to manipulate the outcome of the United
States presidential elections is flimsy. It is increasingly clear, though, that
EU leaders themselves are manipulating their electorates with gross anti-Turkey
populism as they try to cling to power.
European Commission President Jean-Claude Juncker has prepared a white paper that sets out five scenarios for the future of the EU. While we can cheer this open-minded approach and the idea that there are alternatives to the “ever-closer Union,” the EU establishment seems to be building support for the “multi-speed Europe” option. With such a solution, countries that do not want to be left behind would effectively be forced to toe Brussels’ line, especially when it comes to burdensome regulations.