New Straits Times - - Letters -

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

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