Here are a few elements of what needs to be done. First, of all aspects of globalisation, mass immigration is the most disruptive. Movement across borders needs to be brought under control. The presence of 11m undocumented immigrants in the US should never have been permitted. In the case of Europe, regaining control of the borders is an overwhelming priority if the union is even to survive. Refugees must now be the priority. This demands creation of a significant European capacity to promote order beyond the bloc’s borders.
http://www.ft.com/cms/s/0/94176826-c8fc-11e5-be0b-b7ece4e953a0.html
Author is Martin Wolf, friend with several high profile billionaires. He is regarded as staggeringly well connected within Wall Street. He is a permanent member of The Bilderberg Group and Chief Editor of The Financial Times.
Besides mass immigration the article deals with the Elite and the reformation of capitalism and is definitely worth a read.
>>67410871
can't read it because of trial post full thing here please
>>67410871
so when can we expect him to be assassinated
>>67410871
Provide us with a way to read the article, OP.
Archive or screenshot or which ever way suits you.
In the opening contests of the 2016 race for the White House, Ted Cruz, a Republican candidate described as a “mountebank”, has upstaged Donald Trump, a “narcissist”. Meanwhile, Bernie Sanders, a self-proclaimed Democratic socialist, more or less tied with establishment favourite Hillary Clinton. So the rebellion against the elites is in full swing. The vital question is whether (and how) western elites can be brought closer to the people.
We are not Chinese. Maybe even the Chinese will not remain content to hand responsibility for public affairs to a self-selecting elite. In the west, however, the idea of citizenship — that the public realm is the property of all — is not only of ancient standing; it has also been the object of an ultimately successful struggle in recent centuries. An essential attribute of the good life is that people enjoy not just a range of personal freedoms, but a voice in public affairs.
>>67412748
The outcome of individual economic freedom can be great inequality, which hollows out realistic notions of democracy. The governance of complex modern societies requires technical knowledge — and we already face the danger that the gulf between economic and technocratic elites on the one hand, and the mass of the people on the other, becomes too vast to be bridged. At the limit, trust might break down altogether. Thereupon, the electorate will turn to outsiders to clean up the system. We are seeing such a shift towards trust in outsiders not only in the US but also in many European countries.
A complacent view is that the disaffected may let off steam but the centre will hold. This is quite possible. But it is a risky strategy. If the disaffection grew worse, the centre might not hold. Even if it did, a democratic society in which a large minority is disaffected while a majority is full of distrust would not be a happy one. Yet such a gap has emerged between the attitudes of informed elites towards established institutions and those of the wider public.
So what are the root causes of this divide in attitudes? One is cultural change. Another is distaste over changes in the ethnic composition of nations. Then there is anxiety over rising inequality and economic insecurity. Perhaps the most fundamental cause is a growing sense that elites are corrupt, complacent and incompetent. Demagogues play on such sources of anxiety and anger. That is what they do.
>>67412859
As a recent OECD note points out, inequality has risen substantially in most of its members in recent decades. The top 1 per cent have enjoyed particularly large increases in shares of total pre-tax income. This divergence between the success of the economic elite and the relative lack of success of the rest has been particularly striking in the US. Thus, notes the OECD: “Between 1975 and 2012 around 47 per cent of total growth in [US] pre-tax incomes went to the top 1 per cent.” As the US has developed a Latin American-style income distribution, its politics have grown infested with Latin American-style populists, of both the left and the right.
How should those in the centre respond? Successful politicians understand that the people need to feel their concerns will be taken into account, that they and their children enjoy the prospect of a better life and that they will continue to have a measure of economic security. Above all, they need once again to trust the competence and decency of economic and political elites.
Here are a few elements of what needs to be done. First, of all aspects of globalisation, mass immigration is the most disruptive. Movement across borders needs to be brought under control. The presence of 11m undocumented immigrants in the US should never have been permitted. In the case of Europe, regaining control of the borders is an overwhelming priority if the union is even to survive. Refugees must now be the priority. This demands creation of a significant European capacity to promote order beyond the bloc’s borders.
>>67412915
Second, the eurozone needs to embark on a fundamental questioning of its austerity-oriented macroeconomic doctrines. It is appalling that real aggregate demand is substantially lower than in early 2008.
Third, the financial sector needs to be curbed. It is ever clearer that the vast expansion of financial activity has not brought commensurate improvements in economic performance. But it has facilitated an immense transfer of wealth.
Next, capitalism must be kept competitive. We are in a new gilded age in which business exerts great political power. One response is to promote competition ruthlessly. This will require determined action.
Then, taxation must be made fairer. Owners of capital, the most successful managers of capital and some dominant companies enjoy remarkably lightly taxed gains. It is not good enough for business leaders to insist that they are sticking to the law. This is not an adequate definition of ethical behaviour. This view is particularly disingenuous when commercial interests play such a powerful role in shaping those laws.
In addition, the doctrine of shareholder primacy needs to be challenged. Shareholders enjoy the great privilege of limited liability. With their risks capped, their control rights should be practically curbed in favour of those more exposed to the risks in the company, such as long-serving employees. And, finally, the role of money in politics needs to be securely contained.
Western polities are subject to increasing stresses. Large numbers of the people feel disrespected and dispossessed. This can no longer be ignored.
>>67410871
I told you there was a war going on within the tribe.
I FUCKING TOLD YOU
>>67413099
shhh calm down belgium, go back to making expensive firearms and waffles
>>67412396
here you go, my serbian friend:
https://archive.is/6mMoI
>>67413677
Nice archive my first aid kit friend.
>>67412748
>Western polities are subject to increasing stresses. Large numbers of the people feel disrespected and dispossessed. This can no longer be ignored.
>>67412859
>>67412915
>>67412951
really interesting, thanks anon
>>67412951
> One response is to promote competition ruthlessly
Literally even worse than before
>>67415490
Competition is fine as long as it's fair. For example, don't import a bajillion people from the third world to drive wages through the fucking floor.
>>67415805
bump, great read, stop the trump circlejerk and get grounded for a minute
>This demands creation of a significant European capacity to promote order beyond the bloc’s borders.
>Euro Army
NO
>>67417044
yes thank you.
I mean I really love Trump, but /pol/ is a nuisance these days.
>>67410871
They just want to slow it down a bit so we don't rebel before immigrants have enough of the vote.
He's in it with the Jews or he wouldn't be writing for the FT.
>>67417400
well, vote yes in june and that's none of your concerns anymore
>>67417400
Lets make Libya the first new EU colony and put all our refugees there. That would be an EU I can believe in.
reminder to sign the petition :^)
https://www.change.org/p/united-states-central-intelligence-agency-federally-indict-george-soros-for-funding-various-terrorist-and-cartel-groups
>>67413677
Thank you First Aid Kit friend.
I've having some issues opening the article as Mongol bro posted here >>67414115
What's the name of the article? I can find it over the the Comments > Columnists > Wolf >
>>67410871
No Sorrow For Sorros.
If the Trumpening occurs this cunt is getting shipped back to Hungary.
He still has most of the Silicon Valley billionaires on side though.
>>67418046
>CIA
But who arrests the CIA for the same shit?
>>67418053
To be precise I found the name, but still can't access it. This makes me sad. I'll need to subscribe soon it seems
>>67412748
>>67412859
>>67412915
>>67412951
Is this the whole article?
Gee, Globalism hollowing out the middle and working classes and mass migration of violent and incompatible cultures is leading to social unrest which could result in revolutions targeting the elites?
I mean...who would have thought!
>There are people in this board that Truly believe there isn't some kind of jew civil war happening right now.
>>67417400
>>67417908
I've always thought we should lease a corner of the Libyan coast and put a big office with administrators, lawyers and judges, to process everyone fished out of the Mediterranean sea. If your application is approved get the official boat to Italy. If not, you get some food and water and a bus home.
>>67418053
>>67418331
it's an editorial
link:
http://www.ft.com/cms/s/0/94176826-c8fc-11e5-be0b-b7ece4e953a0.html
>tfw it's finally happening
Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
>>67412748
>>67412859
>>67412915
>>67412951
Makes sense.
The problem is that all traditional moderate parties on both side centre have become almost disconnected from reality of the people. Center right panders big corporations, not small business owners and professionals that are their actual voters. Center left has abandoned working class and support bureaucrats these days. Populist uprising isn't far right or ultra far right, it's in reality ultra moderate centrist.
Guy sounds like he wants a Trump/Bernie ticket.
TLDR
are they finally going to skin soros alive?
>>67421213
You don't love him?
>>67410871
Martin Wolf is gonna die in a mysterious accident.
>>67410871
>The presence of 11m undocumented immigrants in the US should never have been permitted
it's like 30 mill minimum, more probably 45
