ZNET: Moral Justification
How do you see geopolitics playing out over the coming decades with the rise of the BRICs, the lack of stability in the Middle East and the decline of the west?
"The US and Europe have somewhat different problems. Europe is facing quite severe financial problems, that is no secret, that are in part traceable to the relatively human approach towards integrating the poorer countries together with the richer nations. Before the European Union was established and the poorer southern countries like Greece, Portugal and Spain were brought in, there were efforts made to reduce the sharp differences between the rich advanced countries and poorer ones – so that northern European workers wouldn't have to face competition from an impoverished and exploited working class in the south. There was compensatory funding and other measures, which – of course – didn't eliminate the gap but removed it sufficiently so that the poorer countries could be brought in without a very harsh effect on the rich northern ones.
"Europe is now paying the price of its relatively humane approach and its failure to deal with some very serious problems such as the extraordinary independence of the European Central Bank and its religious dedication to anti-inflation policies – which are not the ones that should be followed at a time of decline and recession. Europe should be doing the opposite like the US where the policies are somewhat more realistic."
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