This Maverick Thinker Is the Karl Marx of Our Time
https://www.nytimes.com/2024/11/28/opinion/wolfgang-streeck-populism.html
A uniform set of laws also requires a single international norm. Which norm? That’s another problem, as Mr. Streeck sees it: The global regime we have is a reliable copy of the American one. This brings order and efficiency but also tilts the playing field in favor of American corporations, banks and investors.
Perhaps that is what blighted the West’s relations with Russia, where the transition to global capitalism “was tightly controlled by American government agencies, foundations and N.G.O.s,” Mr. Streeck says, and the oligarchs who emerged to run the government in the 1990s were “received with open arms by American corporations and, not least, the London real estate market.” To an Indian or a Chinese person, “free markets” established on these terms might carry the threat of imperial highhandedness and lost self-determination.
https://www.nytimes.com/2024/11/28/opinion/wolfgang-streeck-populism.html
A uniform set of laws also requires a single international norm. Which norm? That’s another problem, as Mr. Streeck sees it: The global regime we have is a reliable copy of the American one. This brings order and efficiency but also tilts the playing field in favor of American corporations, banks and investors.
Perhaps that is what blighted the West’s relations with Russia, where the transition to global capitalism “was tightly controlled by American government agencies, foundations and N.G.O.s,” Mr. Streeck says, and the oligarchs who emerged to run the government in the 1990s were “received with open arms by American corporations and, not least, the London real estate market.” To an Indian or a Chinese person, “free markets” established on these terms might carry the threat of imperial highhandedness and lost self-determination.
Joe Stiglitz:
https://www.theguardian.com/business/2024/nov/28/the-message-to-democrats-is-clear-you-must-dump-neoliberal-economics
Americans, it seems, have lost trust in their institutions and the belief that government will deliver for them. It is the predictable result of 45 years of Republican (and neoliberal Democratic) campaigning, starting with Ronald Reagan’s famous quip that “the nine most terrifying words in the English language are: ‘I’m from the government, and I’m here to help.’”
The culture wars also played a big role in Trump’s victory. His campaign successfully pushed the message that Democrats are obsessed with gender, race and other social issues at a time when most Americans are just trying to get by. Many voters concluded that Trump would reverse or at least slow the pace of disorienting changes that have challenged long-established social hierarchies and roles.
https://www.theguardian.com/business/2024/nov/28/the-message-to-democrats-is-clear-you-must-dump-neoliberal-economics
Americans, it seems, have lost trust in their institutions and the belief that government will deliver for them. It is the predictable result of 45 years of Republican (and neoliberal Democratic) campaigning, starting with Ronald Reagan’s famous quip that “the nine most terrifying words in the English language are: ‘I’m from the government, and I’m here to help.’”
The culture wars also played a big role in Trump’s victory. His campaign successfully pushed the message that Democrats are obsessed with gender, race and other social issues at a time when most Americans are just trying to get by. Many voters concluded that Trump would reverse or at least slow the pace of disorienting changes that have challenged long-established social hierarchies and roles.
How American Institutions Went from Trust to Bust
https://www.wsj.com/articles/american-institutions-went-from-trust-to-bust-media-schools-business-promises-43c8d18
Leaders betrayed and disdained the people, and partisanship and social media didn’t help.
https://www.wsj.com/articles/american-institutions-went-from-trust-to-bust-media-schools-business-promises-43c8d18
Leaders betrayed and disdained the people, and partisanship and social media didn’t help.
Europe’s Populist Surge Isn’t Only About Immigration, It Is About Fading Trust
Antiestablishment populism is on the rise in Europe, fueled not just by migration and economic and security fears, but by a deeper trend: Eroding confidence in governments’ ability to overcome those challenges.
Why German Angst Is a Worry for the World
If the economy doesn’t grow, battles about immigration, fairness and spending will only get worse.