The 2008 financial disaster marked the beginning of a deep identity crisis in the West. After the collapse of American Lehman Brothers, governments around the globe began to support their financial institutions with unlimited amounts of tax money. Small and middle size companies would go bankrupt and people in the United States continued to be evicted from their houses while the financial elite would receive a handsome amount of public support. In other words: socialism for Wall Street, capitalism for Main Street. It became painfully clear that the free market and capitalism was not being used for the banks and financial institutions.
Then followed the euro crisis, with Greece’s debt at its centre. Particular European economies are suffering from the imbalance between declining income and a rising public debt. In 2015 it was apparent that the European leadership had no solution for Greece, let alone for similar problems that will soon inevitably emerge in Spain, France and Italy.
During the 2008-2015 time frame there was a widespread opposition among the people against the financial establishment, European governments and the monetary system. The resentment was stoked by the perception that the whole system was unfair against the normal working man. In 2015 radical left-wing politician Alexis Tsipras took office in Greece and socialists like Yanis Varoufakis, Jeremy Corbyn and Bernie Sanders became the protectors of the middle and working classes. The political climate seems perfect for the socialists and yet socialist parties are declining.
It is not merely inequality that matters. Most Western countries are implementing a redistribution of wealth from the middle to the lower classes. For example, in the Netherlands a family with one working adult and a yearly income of 20 thousand gets 7 thousand euros in subsidies, thus pocketing 27 thousand, whereas a person having a 31 thousand income must pay 3 thousand euros in tax, and since he receives no subsidies, he ends up with 28 thousand euros. For all practical purposes, a 10 thousand euro difference in income comes to naught.
In 2015 Europe was confronted with an invasion of immigrants of biblical proportions. Sweden had been replacing its own shrinking population with people from the Third World for a long time prior to that, but it was in that year that suddenly the common people began to realize that this demographic process, slow though it may be, has become unstoppable.
Since the 2015 so-called refugee crisis, citizens in many European countries have begun to understand that migration from the Third World isn’t having a marginal effect: rather, it will transform large parts of the continent. The countryside of France, Spain and Italy is depopulating while the big cities are rapidly being colonized by non-Europeans. The leftwing parties do not dare to discuss migration and the consequences that it entails. They accuse anti-immigration parties such as Lega Nord (Italy), AfD (Germany) and FN (France) of scaremongering and populism. While socialists across Europe assure their voters that nothing special is happening, the reality is that more than 50% of the youth in cities such as Amsterdam and Paris are now of non-European descent. Unsurprisingly then, it is the anti-migrant right-wing patriotic parties that are gaining votes in the elections. The latest surprise happened in Andalusia, Spain, where the Socialists lost their traditional power base. According to El Pais:
“Far-right political party Vox on Wednesday pledged to help a right-wing coalition secure
power in Andalusia, signaling the end of 36 years of Socialist Party (PSOE) administrations
in the southern region.”
The European working populace, once the backbone of labour unions and socialist parties, feeling disgruntled and betrayed by both the banks and the socialists, are rising up in rebellion of which the yellow vest movement is the harbinger.
The corporate and financial elites plus the left-leaning academics and politicians all support immigration from Africa and Asia to replenish the shrinking native populations, and they are all in favour of an energy transition, cost it what it may. Since 2015 the leftist movements and the business and financial corporations have formed a strong alliance for “a better inclusive” world. Oil companies are flying the rainbow flag, black Africans are cast in TV adverts as Dutch, German or Swedish consumers, whereas energy companies show that the future of Europe is partly Islamic. CO2 reduction and green policies are said not only to be saving the world but also constitute business opportunities.
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