Archive for the ‘Political Economy’ Category

2
Apr

Is le tea party brewing in France?

Written on April 2, 2014 by Waya Quiviger in Europe, Op Ed, Political Economy

Steeped in conservative rage and tasting of grass roots, a political backlash has traditional politicians and the news media asking the once-unthinkable: Is le tea party brewing in France?

If it were, it would be populated by the likes of Catherine Mas-Mezeran, a Parisian mother of three who wrinkles her nose at the mention of President François Hollande. She calls him “the Socialist,” which, technically, he is. But if President Obama had the birthers, Hollande now has the baptismists.

 

French President Francois Hollande has made Interior Minister Manuel Valls his new prime minister, replacing Jean-Marc Ayrault, who, with other ministers, took the blame for the Socialists' defeat in local elections.

French President Francois Hollande has made Interior Minister Manuel Valls his new prime minister, replacing Jean-Marc Ayrault, who, with other ministers, took the blame for the Socialists’ defeat in local elections.

Like others in a growing movement here, she firmly believes an unsubstantiated rumor emanating from conservative circles that Hollande may have secretly renounced his Christianity. “He has rejected his baptism,” she said. “This is really shocking.”

An Elysee Palace spokesman responded, “This rumor is as ridiculous as it is unfounded.”

The movement’s strength in numbers, however, cannot be ignored. Initially a reaction to a same-sex marriage law passed last year, the movement has morphed into the most sustained mobilization of social conservatives here in more than a generation.

A reinvigorated right delivered a devastating blow to Hollande in Sunday’s local elections across the country, prompting a humbled Hollande to reshuffle the French government on Monday. He replaced Prime Minister Jean-Marc Ayrault with Interior Minister Manuel Valls, a politician considered more palatable by some on the right.

Results of the runoff vote showed the far-right National Front scoring its biggest victory ever, taking 11 towns and a major district in Marseille in part by appealing to outraged residents. The left ceded more than 150 other cities to the center-right Union for a Popular Movement (UMP).

Losses by the Socialists also reflected economic doubts and disenchantment with Hollande. But across Europe — a continent often viewed on the other side of the Atlantic as a bastion of liberal thought — several nations are in the throes of their own full-blown culture wars, and perhaps nowhere are they raging quite as fiercely as in France.

Tens of thousands of people are taking to the streets in repeated protests, many for the first time in their lives. They are organizing assemblies and social-media campaigns even as some angry newcomers run against incumbents on the right whom they consider not socially conservative enough.

A show of strength on French streets in February led Hollande to backtrack on a measure that opponents feared could have helped same-sex couples have children through in vitro fertilization and surrogacy.

Scores of social conservatives took their children out of public schools for one day in January to protest new lessons being tested in some French schools aimed at dispelling gender stereotypes. The social conservatives said the lessons could lead to boys wearing dresses and girls playing mechanic, or even masturbation classes for children.

“We are witnessing the rise of a tea party of the French,” Valls warned in the newspaper Journal du Dimanche.

A continent already hit by economic upheaval is confronting a wave of bitter societal polarization over a host of issues such as euthanasia, abortion and same-sex marriage.

In Spain, the conservative government of Prime Minister Mariano Rajoy is seeking to push through legislation that would greatly limit abortion rights, unleashing a bitter confrontation with the left and reversing the steady march of liberal social policies there since the death of Gen. Francisco Franco. In Poland, a measure that would grant same-sex civil partnerships failed last year because of major opposition, prompting Prime Minister Donald Tusk to say he saw no chances of such unions passing within the next 10 to 15 years.

During Germany’s national election campaign last year, center-right Chancellor Angela Merkel sparked outrage among progressives after expressing doubts about full adoption rights for same-sex couples. “To be completely honest with you, I’m having difficulty with full equality,” she told public TV. Read more…

 

Published on March 31st in the Washington Post: http://www.washingtonpost.com

24
Mar

diego

El pasado miércoles 19 de marzo el IE School of International Relations acogió la presentación del libro “Sin medias tintas” de Diego Sánchez de la Cruz (MIR 2011). El autor, además de antiguo alumno, es también periodista y profesor asociado de IE University. Junto a él intervinieron en el evento Arantza de Areilza, Decana de IE School of International Relations, Carlos Rodríguez Braun, Catedrático de Historia del Pensamiento Económico en la Universidad Complutense y participante de la obra, y  Manuel Llamas, Director de Libre Mercado y responsable del prólogo de la obra.

“Sin medias tintas” está compuesto por 20 entrevistas a figuras relevantes del liberalismo  sobre la Gran Recesión, recogiendo diferentes medidas económicas y políticas para reforzar tanto a la sociedad española como a sus instituciones. La presentación detalló tanto aspectos de su elaboración como su crítica frente a cierto tipo de políticas económicas. Comenzó con  una introducción en la cual el Catedrático Rodriguez Braun relató la problemática detrás de la gran politización de la economía española y el periodista Llamas criticó la falta de conocimiento de gran parte del periodismo económico nacional. Tras ello, el autor Diego Sánchez compartió con la audiencia algunas de las reflexiones que le han supuesto creación de la obra.

Durante su ponencia ofreció un recorrido por diferentes anécdotas y lo que le ha aportado la obra a nivel personal. Mostró su visión de cuáles son los desequilibrios crónicos económicos de España. También destacó la falta de autocrítica y la escasa preparación de la clase política española. Tras una animada de rueda de preguntas la Decana de Areilza dio por finalizado el evento y se procedió a la habitual firma de ejemplares.

5
Nov

It is unclear whether a system that is geared to growth can also provide clean air and water

By Gideon Rachman

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Foreign commentators and local bloggers regularly predict that China is heading for an economic and political crisis. But the country’s leaders are in strikingly confident mood. They believe that China can keep growing at more than 7 per cent a year for at least another decade. That would mean the country’s economy – already the second-largest in the world – would double in size. And, depending on the assumptions you make about US growth and exchange rates, it would probably mean that China becomes the world’s largest economy by 2020.

Nobody embodies the leadership’s confidence better than the burly, imposing figure of Xi Jinping, China’s president. Last week, I was part of a group of foreign visitors – brought together by the 21st century Council, a think-tank – who met the Chinese leader in Beijing. Mr Xi’s manner is warmer and less formal than that of Hu Jintao, his slightly robotic predecessor. Yet the staging of the meeting had faint echoes of Chinese history, in which foreign barbarians paid tribute to the leader of the Middle Kingdom.

The president sat in an armchair in a cavernous meeting room in the Great Hall of the People, with a vast mural of the Great Wall of China behind him. Arranged in a semi-circle in front of him was a group of former presidents and prime ministers from other nations, including Gordon Brown of Britain and Mario Monti from Italy. In the semi-circle behind them were some western business leaders, and a smattering of “thinkers”. President Xi started his remarks by pronouncing himself “deeply moved by the sincerity you have shown”. He then proceeded to give a confident presentation of his vision for the “great rejuvenation of the Chinese nation”.

In remarks that were widely picked up by the Chinese media, Mr Xi dismissed the idea that China risks falling into a “middle-income trap” that stalls its development and said he was confident that rapid growth could continue, without the need for further stimulus measures.

Exactly how China will sustain its growth and strengthen its global position is, however, the subject of intense discussion among the country’s leadership – as became clear in a series of other meetings arranged for our group with top military, diplomatic and economic policy makers. Read more…

As published in www.ft.com on November 4, 2013.

18
Oct

None of the deeper problems with American government was solved this week

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Imagine you are in a taxi and the driver suddenly turns violently and speeds towards a wall, tyres screeching, only to stop at the very last moment, inches from the bricks—and cheerfully informs you that he wants to do the same to you in three months time. Would you be grateful that he has not killed you? Or would you wonder why you chose his cab in the first place?

That is the journey Congress has taken the American people on over the past few weeks (see article). The last-minute deal to raise America’s debt ceiling, avoid a default and reopen the government at least until mid-January, which was signed by the president on October 16th, is welcome only compared with the immediate alternative.

For a long time American politicians have poured scorn on their European peers for failing to deal with the euro crisis. This week Washington equalled Brussels on one measure of dysfunctionality and surpassed it by another. The way in which the Democrats and Republicans, having failed to reach any agreement, decided to “kick the can down the road”, was deeply European. The deal allows the government to stay open till January 15th and the debt ceiling to be raised until February 7th. Just as America’s economy seems to be recovering, with the promise of GDP growing by 2.7% in 2014, it could face another shutdown of the kind that has just sent consumer confidence to a nine-month low and knocked back growth in the fourth quarter by an estimated 0.6 percentage points.

The way in which the Americans have surpassed the Europeans is the unreality of their discussion. The Europeans at least talk vaguely about banking unions and other solutions to their mess. In America the immediate budget deficit—at 3.4% of GDP—is smaller than that of many European countries. Indeed the danger is of too much tightening in the short term. But the country’s long-term fiscal problem is immense: it taxes like a small-government country but spends like a big-government one. Eventually demography—and the huge tribe of retiring baby-boomers who expect pensions and health care—will bankrupt the country. By the IMF’s calculation, if America is to reduce its debt to what it regards as a sensible level by 2030, allowing for all this age-related spending, it needs a “fiscal adjustment” of 11.7% of GDP—more than any other advanced country other than Japan. Yet the Republicans refuse to discuss tax rises, without which Barack Obama and the Democrats refuse to discuss cuts to entitlements: neither of those things had anything to do with the impasse of the past few weeks. Read more…

As published in www.economist.com on October 19, 2013 (from the print edition).

16
Oct

There’s little awareness of how the budget crisis has eroded US credibility. It’s time for a reverse Christopher Columbus

By Timothy Garton Ash

Capitol Hill October 3

‘If the US goes on like this, then one day – one year, one decade – the copper bottom of investors’ confidence will fall out.’ Photograph: Brendan Smialowski/AFP/Getty

On Monday, government offices were closed in Washington DC, to mark Columbus Day. Except that most of them had been closed anyway, because of the US government shutdown. As everyone knows, Christopher Columbus was an Italian navigator who, in the service of the Spanish crown, supposedly “discovered” America and reported its potential to a wondering world. I have spent the summer in the United States watching, with growing alarm, a country engaged in a degree of self-harming which, if observed in a teenager, would lead any friend to cry “call the doctor at once”. As I set course back to Europe, my conclusion is this: America should do a reverse Columbus. The world no longer needs to discover America; but America urgently needs to discover the world’s view of America.

Ordinary Americans, and especially the small minority active in Democrat and Republican primaries, must learn more of what people across the globe are thinking and saying about the US. For if you follow that, you realise that the erosion of American power is happening faster than most of us predicted – while the politicians in Washington behave like rutting stags with locked antlers.

The 24/7 US news coverage follows every last lunge and twist of the stagfight. It is the political equivalent of ESPN, the non-stop sports network. Just occasionally, the rest of the world breaks through: for instance, when the World Bank and the IMF hold their annual meetings – right there in Washington – and the heads of both institutions, Jim Yong Kim and Christine Lagarde, warn of dire consequences. That gets a few column inches. Or when the government shutdown and debt-ceiling brinkmanship leads Barack Obama to cancel a major trip to Asia, including the Apec summit in Bali, leaving the floor wide open for president Xi Jinping to assert China’s regional leadership (“the Asia-Pacific cannot prosper without China”).

A more direct taste of foreign news is available just a few clicks away. On my cable TV control, if I scroll down to channel number 73, or 355, or whatever it is, I can get Al-Jazeera, China’s CCTV and Russia’s RT. Their reporters often speak perfect American-accented journalese, and sometimes actually are career American journalists, lured away from job-shedding US news organisations to give credibility to these channels. CCTV’s Washington bureau chief, for instance, is Jim Spellman, formerly of CNN. These channels’ take on the Washington dégringolade is much harder edged than the ESPN version. The website of the Russian state-backed RT quotes an editorial published by the Chinese state news agency, Xinhua, proposing that, in the light of this crisis, “several cornerstones should be laid to underpin a de-Americanised world”. Read more…

As published in www.theguardian.com on October 15, 2013.