CHINA MUST SUMMON
THE Washington Consensus, coined by John Williamson, an author and economist, used to be spoken of in the same breadth as Francis Fukuyama, who spoke of “the end of history” as the exhaustion of any ideological alternatives other than free trade.
Despite the focus of European Union (EU) on free trade, with the attendant goal to match the US by creating a Europe of 27 states, vested interests proved too powerful to remove.
Not surprisingly, EU’s eurosclerosis is entering its third decade, with no resolution in sight.
The workers’ union, the agricultural lobbies, indeed, even the European right, demand the protection of the state by insisting that borders must be secure to prevent others from coming in.
Ergo, with the exception of Germany, almost no European countries is growing in any remarkable way, not even with the help of technology.
The same phenomenon is happening in the US, which evidently, has led to the election of President Donald Trump, a billionaire savant, who is brilliant at manipulating the feelings and desperation
FRIDAY, MAY 26, 2017