The terminology is out of fashion, but judging from the Dutch
referendum, the habit is not.

In country after country in Europe the population is disaffected with
the government, and core countries of the European Union have become
discontented with the pan European ideal. There is a tone of populist
nationalism. In Germany too, Angela Merkel is signalling a slowing
down of enlargement towards the east, and Turkey in the south-east.

This may not be openly racist, but reflects a profound mistrust at the
homogenising agenda of international finance capitalism that just
wants one rational global Empire laid out for the most efficient
exploitation.

The reaction and counter moves begin to look exponentially complex.
Just one idea is that any future referendum on a very much revised
constitution should be held in the whole of Europe on the same day,
but counted separately by country. That would provide more of an
opinion poll on which countries felt they were gaining most from the
EU and which least. Perhaps but only perhaps, the European equivalent
of pork barrel politics might in due course smooth this out.

But state structures are looking more and more fragile in their
ability to coordinate consent to and acquiescence in the requirements
of finance capitalism.

And while Europe has got a major problem in finding a new direction,
the countries of Asia continue to build up a competitive advantage
against the US. It is alleged that US borrowing already absorbs 80% of
the world's available savings.

The whole pattern looks very unstable.

Organising pop conferences to give charity to Africa, may only give a
moral cover to what looks like a chaotically fragile global and
economic political system.

Chris Burford

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