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The Consequences Of The Rise Of European Nationalism

Tyler Durden's picture




 

Nationalism, like any political idea, is a spectrum of views not an absolute. As UBS notes in an interesting article today, the policies of Golden Dawn are not the policies of the True Finns of Finland, or the Freedom Party of Austria. However, there is undoubtedly a trend within the Euro area in favour of those parties that promote nationalistic policies (perhaps defined as the aggressive pursuit of domestic or indigenous interests over regional interests) and this trend raises considerable questions over the future of the Euro. The first and most obvious consequence of a rise of nationalism within the Euro area is that it will make managing the Euro crisis ever more complex to resolve. The other issue that arises from the rise of nationalist parties in the Euro area takes us away from the specifics of the Euro integration. Nationalism very readily turns into prejudice against others. UBS' Paul Donovan adds that the Euro area will work best when it recognises and uses its economic resources (people in this instance) to the best advantage. Festering resentment and nationalism is unlikely to produce that sort of a climate. Given how important it is to restore competitiveness to the Euro area economy, this is not a negligible economic cost.

 

UBS - Paul Donovan: My country, right or wrong

The noise around Greek politics and indeed European politics in general is not likely to dissipate any time soon. Indeed, the cacophony seems only likely to increase. Investors who expected to spring from their beds on Monday morning to find a Greek government in place, stable, and willing to carry on with the Troika’s memorandum of understanding are sadly (if predictably) disappointed. Ahead lies a lot more politics, which financial markets are singularly ill equipped to factor in to asset prices, and which media and markets alike are more likely to be misled or misinformed about. Beneath the political noise about negotiating coalitions and renegotiating bail outs, there is a sub-current in Euro politics that markets might wish to examine.

Recent elections have brought with them an undercurrent of political nationalism. Golden Dawn in Greece captured almost 7% of the vote in the 17th June elections, having held onto their popular support levels from the earlier poll this year. One can readily argue that, from the other end of the spectrum, Syriza has also campaigned on a nationalist platform. In France, the Front Nationale has achieved national assembly representation for the first time in decades, and established itself as the third party of France with 14% of the popular vote in the assembly first round. The True Finns are already the third party of Finland, with over 19% of the vote in the last parliamentary election. Ireland’s Sinn Fein lies in second place in recent opinion polls. Nationalist or nationalist inclined parties have gained and retained support in the Euro area as the Euro crisis has developed.

Nationalism, like any political idea, is a spectrum of views not an absolute. The policies of Golden Dawn are not the policies of the True Finns of Finland, or the Freedom Party of Austria. However, there is undoubtedly a trend within the Euro area in favour of those parties that promote nationalistic policies (perhaps defined as the aggressive pursuit of domestic or indigenous interests over regional interests).

Why nationalism now?

The question of why nationalist parties are gaining electoral support is important, as it may help to understand the potential impact on more mainstream political thinking. It may also give some guidance as to the longevity of any nationalist movement. While nationalist parties have often had high profile, charismatic leaders it is clear that leadership alone is not the deciding factors. Many Euro area nationalist parties have maintained electoral support after the loss of their leaders.

There appear to be two common factors that characterise the supporters of Euro area nationalist parties. The first, and perhaps the least surprising, is that they tend to come from the economically insecure. This is not (necessarily) the same as the lowest income groups in society – though that is the case in some instances. Rather, it is more likely to be those in society who feel themselves as being most at risk in economic terms. That implies that they have something to lose (thus are not the lowest income groups) and that they feel threatened The global financial crisis, and the particularly protracted nature of the Euro financial crisis, has facilitated the growth of the economically insecure as a political class. It also helps to explain why nationalism is as prevalent (if not more prevalent) amongst the non-peripheral economies than it is amongst the periphery. The better off economies contain voters who fear for their existing prosperity, and who turn to nationalism as a defender of that prosperity.

The second common characteristic of the supporters of nationalist parties in the Euro area would appear to be hostility to immigration. This is often characterised as economic hostility, and very often the sentiment is expressed in terms of a country being “full” – which has economic overtones and feeds into the economic insecurity. However, cultural concerns also appear to have played a role in fostering Euro area nationalism, at least in the run up to the global financial crisis. Supporters of nationalist parties are fearful that their own culture is being “overrun” by immigrants, and unique national characteristics are being homogenised, or even replaced by alien cultures.

This cultural concern of course resonates particularly strongly in some parts of the Euro area where the national interests are viewed as being subordinated to Euro policy prescriptions. As the Euro crisis encourages further common policy approaches with occasionally painful economic side effects, this trend could very well continue.

Consequence 1: The Euro

The first and most obvious consequence of a rise of nationalism within the Euro area is that it will make managing the Euro crisis ever more complex to resolve. Weaker countries that need to receive assistance will resent the conditions imposed upon them from outside (and may seek to cast the domestic problems as being caused by foreign forces). This very much characterises the Greek attitude at the moment, but arguably is evident in some of the political comment in economies like Ireland.

At the same time, stronger economies that are called upon to provide economic aid for the common good are likely to resent the fact that their relative prosperity is being diverted from national uses – and that their economic outlook could potentially be made more insecure by association with the weaker economies. 

This unhappy combination then leads to resentment against the Euro or European institutions – despite the fact that the Euro’s crisis can ultimately only be resolved by choosing to “integrate, or die” (with the fragmentation of the latter option generating economic consequences that are likely to be very severe indeed). The resentment seems to be stronger amongst the weaker economies – the latest Pew Research Center survey on European attitudes reported that 83% of Greek’s believe that the power of European nations is a major threat to their economic welfare, and 70% that European integration has weakened their economy. This sentiment is seen elsewhere – 63% of the French thought integration had weakened their economy in the same poll.

The challenge is that if the Euro is to hold together (and we believe it will) these nationalist sentiments must be subsumed into a regional sentiment. Fiscal confederation should not be about “German money” going to “Greece”, or whatever combination1. Instead fiscal confederation should be about wealthier Euro citizens funding assistance to less wealthy Euro citizens. To get beyond the national boundaries implicit in the current national sentiment is essential to the eventual and necessary integration of the Euro area.

For the time being the presence of nationalism in the Euro area, and the impact it has on mainstream politics, is likely to lead to “red lines” in Euro area negotiations. There are some issues that negotiating governments will not be able to compromise over, in the current more nationally inclined environment. This applies to all sides of the negotiating table, stronger as well as weaker. Distinguishing between those points that are genuinely “red line” issues, and those that are simply bargaining positions to be surrendered for other concessions will be important to investors.

Consequence 2: Competitiveness

The other issue that arises from the rise of nationalist parties in the Euro area takes us away from the specifics of the Euro integration. Nationalism very readily turns into prejudice against others. Indeed the hostility to immigration that is a common characteristic of Euro area nationalism is something that arouses considerable concern amongst economists. Prejudice is something that is economically undermines competitiveness.

The issue here is that prejudice is irrational discrimination against a group in society (for whatever reason – but hostility on the grounds of nationality is one of the commoner forms). As such, it is economically inefficient. Economic efficiency is meritocratic, and has no room for irrational discrimination – effectively prejudice is a manifestation of Luddite behaviour in the twenty first century – rather than destroying physical capital, prejudicial behaviour wastes human (intellectual) capital.

 

There is a real risk that by fostering an environment where political nationalism develops, the ensuing prejudice will undermine competitiveness and productivity in the Euro economy. The Euro area will work best when it recognises and uses its economic resources (people in this instance) to the best advantage. Festering resentment and nationalism is unlikely to produce that sort of a climate. Given how important it is to restore competitiveness to the Euro area economy, this is not a negligible economic cost.

 

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Tue, 06/19/2012 - 22:14 | 2541681 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Europe if full of 20+ cultures that behave in different ways and speak different languages. They even look different. The United States of Europe is another flight of fantasy dream.

Tue, 06/19/2012 - 22:19 | 2541702 SilverTree
SilverTree's picture

The Bbergs hate Nationalism.

Tue, 06/19/2012 - 23:02 | 2541806 AldousHuxley
AldousHuxley's picture

in order for global elites to cement their status, they must mix the non-global elites to compete each other. classic union breaking tactic.

 

in mergers and acquisitions, only the acquiring top elites WIN....

 

acquired execs and employees are laid off and remaining are poured into the acquiring company's employee pool to increase competition for less wage.

 

 

 

 

 

Wed, 06/20/2012 - 00:45 | 2542069 LowProfile
LowProfile's picture

So unions are the solution to the forces of fascist globalism?

I think not.

Wed, 06/20/2012 - 03:33 | 2542262 AnAnonymous
AnAnonymous's picture

In US citizenism, the king class is the US citizen class.

You know, as I am reading some books at the moment, by coincidence, I noticed that troubles in a society seems to start when a middle class emerges.

It is funny. I've taken this with caution as the definition of middle class can be delicate in other societies than US citizen societies.

But the thought itself is funny, isnt it?

Wed, 06/20/2012 - 03:43 | 2542272 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

But the thought itself is funny, isnt it?

Most of your thoughts are worth a good laugh.

Wed, 06/20/2012 - 03:52 | 2542280 AnAnonymous
AnAnonymous's picture

Maybe because they come from the observation of US citizenism?

Wed, 06/20/2012 - 04:26 | 2542312 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Maybe because they come from the observation of US citizenism?

No, I think it's because your form of insanity is amusing.

Wed, 06/20/2012 - 04:50 | 2542327 Poor Grogman
Poor Grogman's picture

Free Tibet!

Wed, 06/20/2012 - 06:14 | 2542355 AnAnonymous
AnAnonymous's picture

Free Tibet!Free Taiwan! Free the US of A!

Wed, 06/20/2012 - 09:18 | 2542812 N. B. Forrest
N. B. Forrest's picture

Free the states from the Federal Autocrats. 

Wed, 06/20/2012 - 05:49 | 2542346 Ar-Pharazôn
Ar-Pharazôn's picture

that's true now..... but in the past they got rich riding the nationalism wave.....

Tue, 06/19/2012 - 22:38 | 2541740 Waffen
Waffen's picture

Indeed, as a Texan I want no part and have no interest in New York or
DC's wars, banking, interest and laws.

Balkanize this Bitch!

Or alternatively return to the Articles of confederation.

Tue, 06/19/2012 - 22:48 | 2541775 Lednbrass
Lednbrass's picture

Quite so, I am not in Texas but would like to be allowed to vote on this.  A large portion of the US would do just fine under that system.

 

Tue, 06/19/2012 - 23:05 | 2541791 Dr. Engali
Dr. Engali's picture

Balkanization of the U.S. is inevitable. You can't have one central authority trying to cram one identity and one philosophy down our throats. I for one look forward to that day.

Tue, 06/19/2012 - 23:12 | 2541831 Mercury
Mercury's picture

Quite the opposite.

You can't have one central authority trying to cram multi-culturalism down your throats. 

A mutually agreed upon set of shared values (see: e pluribus unum) with explicitly defined individual civil liberties and limits on state powers, yes. That works.

But that ship has sailed.

Tue, 06/19/2012 - 23:20 | 2541851 AldousHuxley
AldousHuxley's picture

balkanization only happens under foreign invasion around border states, but even then, the original power nation-state  in an empire remains in tact......

Iran = Mesopotamia

Iraq = Persian Empire

Turkey = Ottoman Empire

Germany = Prussian Empire

USA = American Empire

 

US has geographically advantageous coasts on each side.

 

only balkanization US is going to have is over some stupid shit like civil war over disagreement on MTV video music award winner.

Tue, 06/19/2012 - 23:32 | 2541901 Dr. Engali
Dr. Engali's picture

You don't think there Isn't a foreign invasion around the border states now? Call it immigration , illegal immigration, call it the world's slowest invasion, whatever you want. The bottom line is the make up of the country is changing at a rapid pace. Balkanization will be the outcome... Book it.

Tue, 06/19/2012 - 23:56 | 2541974 AldousHuxley
AldousHuxley's picture

of course,

 

Mexicans are doing what Americans did prior to the Mexican Cession of Texas......they flooded the border (back then Texas belonged to Mexico), with American whites, so that when it was time for war, royal soldiers are already behind the enemy lines.

 

but the interesting thing is,

 

illegal aliens could have been born "americans" if US had annexed Mexico when they were occupying MExico City during Mexican-American war.

 

Imagine US having Mexico as 51st state.....

Wed, 06/20/2012 - 00:00 | 2541987 Waffen
Waffen's picture

"Mexicans are doing what Americans did prior to the Mexican Cession of Texas"

No they arent. Americans were invited into Texas and given land grants because the Indians were such a problem in the area and the area wasnt populated by very many "mexicans"

Wed, 06/20/2012 - 03:52 | 2542281 dumbengineer
dumbengineer's picture

Yes they are. Mexicans are invited into Texas and Cali to pick-up  fruits, mow the lawn and clean-up the pool. Because hard-work is such a problem and those area are not populated by very many 'hardworkers'

Wed, 06/20/2012 - 00:18 | 2542025 Dr. Engali
Dr. Engali's picture

To me it matters little. Borders ebb and flow over time. Anybody who believes things can remain static is a simpleton. One thing I know for sure is all this will come to a head very soon and the empire with no money will be no more. My guess is the invasion of Iran is the catalyst that will break the empire.

Wed, 06/20/2012 - 09:24 | 2542848 N. B. Forrest
N. B. Forrest's picture

I hope you're right, however, never underestimate the ability of bureaucrats and statist politicians to hold the empire together, long after it should have been split apart. 

Tue, 06/19/2012 - 23:34 | 2541910 Waffen
Waffen's picture

You forgot the USSR. (not invaded)

The USA is only a unified country because the south was forced back in.

When our country goes broke, I pray that the states will look to themselves and not the fed that created the mess to begin with.

We may watch the same shows and speak the same language, but culturally we are not all the same and our interests under stress will be very different.

Tue, 06/19/2012 - 23:59 | 2541982 AldousHuxley
AldousHuxley's picture

our country is broke, but like during civil war, military is what unites the empire.

 

US military is so strong that allows banksters to be careless. they can always make it up by stealing oil from somewhere else. however, like a huge hedge fund who can't unload toxic shares due to lack of buyers, US empire is so big that it is running out of countries to colonize.

Wed, 06/20/2012 - 02:00 | 2542167 ThirdWorldDude
ThirdWorldDude's picture

Not quite right! Your logic on balkanization of empires works only on a few of your selected cases. In the case of USSR and The Ottomans, the states collapsed from inside due to false policies and economic unsustainability. The military is the last instance to collapse, because dying empires are a parasite with a terminal illness - unable to fix the internal problems, they cling to brute force and extracting resources from the outside. History also shows that the military power is last to go, usually as a result of the empire destroying it's own currency.

Read Toynbee or Spengler for a better grasp on the subject.

Wed, 06/20/2012 - 03:07 | 2542240 AnAnonymous
AnAnonymous's picture

the states collapsed from inside due to false policies and economic unsustainability.

_________________

Or maybe the other empires were stuffing the resources from the exterior faster than USSR and Ottoman empires. Attrition.

Ummmm, rings somehow a bell here.

Wed, 06/20/2012 - 04:28 | 2542314 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Ummmm, rings somehow a bell here.

Auditory hallucinations, a symptom of schizophrenia.

Wed, 06/20/2012 - 06:15 | 2542357 AnAnonymous
AnAnonymous's picture

So that is the new fantasy.

Contrary to facts, both fantasy and propaganda wear out. From time to time, new versions have to emerge.

Wed, 06/20/2012 - 14:51 | 2544559 akak
akak's picture

 

Contrary to facts, both fantasy and propaganda wear out. From time to time, new versions have to emerge.

Hence your bigoted and nonsensical fantasy of
"US Citizenism".

Wed, 06/20/2012 - 09:27 | 2542865 N. B. Forrest
N. B. Forrest's picture

The "military" is not a homogenious machine.  The military is full of a few million people many of whom think for themselves.  Plus, the "military" just might become a loose cannon when there's not money to pay them. 

Wed, 06/20/2012 - 06:47 | 2542380 Bobbyrib
Bobbyrib's picture

Even if the moron who started the wars career started in your state?

Wed, 06/20/2012 - 11:39 | 2543613 Waffen
Waffen's picture

George bush is not Texan, the guy is a new England liberal skull and bonesmen.

Tue, 06/19/2012 - 22:48 | 2541776 Tourist2008
Tourist2008's picture

I dont agree. I have been in every European country except Moldova and Lichtenstein and we behave the same and largely look the same (can you tell a cambodian from a vietnamese?). If you sit in a restaurant in the tourist district of brussels you have no idea where someone is from unless you hear them speak.

In my view, a United States of Europe is indeed very challenging to achieve ....but worth to try.

Tue, 06/19/2012 - 23:20 | 2541809 Tirpitz
Tirpitz's picture

Seems you didn't really get a chance to compare the attitude to work quality of let's say a Swiss citizen to a Yugoslavian. Nor might you have noticed a difference in driving style between a Finnish and an Italian car driver. Nor the typical German penchant for order and obedience, which is about the opposite of the Greek laissez-faire chaos. What again were the similarities between la vie francaise and the goals of a Russian citizen?

Wed, 06/20/2012 - 00:15 | 2542023 FeralSerf
FeralSerf's picture

Yugoslavian -- actually there is no united slavic people anymore -- so say, e.g. Serbian or Slovenian working in a Swiss factory will after a proper amount of training from his Swiss superiors will be working to Swiss quality.  BMW has many non-Germans building their cars too.

Finns and Italians are culturally different.  So are northern and southern Californians for that matter (not as much i admit).  I have no problem driving in either Finland or Italy.  Both are better drivers than most Americans.

The average Greek works much harder than he/she is alleged.  Crime at the top in Greece is common.  There's a reason that Goldman Sachs found fertile ground in Greece to plant their (allegorical) opium poppies.  Goldman is just as guilty as the Greek politicians in their grand theft scheme.  Those debts for that stolen money should not be paid.

Wed, 06/20/2012 - 00:49 | 2542076 Western
Western's picture

He was obviously referring to the work ethic of someone of Serb/Bosnian/Croatian ethnicity working somewhere in Yugoslavia, with a Swiss-born citizen working somewhere in Switzerland. Please update us with a new comparison now...

Wed, 06/20/2012 - 02:54 | 2542218 ThirdWorldDude
ThirdWorldDude's picture

Does that make every American a drunken fat white trash who spends the days shopping in Walmart?

Fail, chimney pot! Every generalization is wrong.

Wed, 06/20/2012 - 10:21 | 2543159 tobus
tobus's picture

The exception does not disprove the rule. Every trend will have outliers, but that doesn't mean that you should ignore the trend completely.

Yes there are similarities and that's great, but it doesn't mean that all nations should be forced to operate in the same way. That kind of monoculture is consistently catastrophic in nature and it is proving to be catastrophic for us having adopted a global financial monoculture.

People like the guy in the article who have seen this monoculture cause real hardship and who's only solution is "more monoculture!" are positively dangerous, not to mention stupid.

Wed, 06/20/2012 - 20:25 | 2545599 Western
Western's picture

twd you're pretty fucking stupid

Wed, 06/20/2012 - 03:59 | 2542289 dumbengineer
dumbengineer's picture

FYI : most high-quality German and Swiss work is now outsourced in former Eastern-block countries (e.g. serbian).

As for driving style, if you were refering to Finnish-style as 'safe' and Italian as 'unsafe', you are mostly wrong. Finland has much crazy driving too, including kids doing ice driving contest in the wild.

Tue, 06/19/2012 - 22:14 | 2541683 LetThemEatRand
LetThemEatRand's picture

This article leaves out another reason for the rise in nationalism -- the realization that multi-national companies, bankers and other oligarchs are raping their societies and enslaving the populations.

Tue, 06/19/2012 - 22:15 | 2541687 reTARD
reTARD's picture

Remember the National Socialist Party from Germany...

Tue, 06/19/2012 - 22:33 | 2541729 Conrad Murray
Conrad Murray's picture

The NAZI party was socialist? I thought they were facsist and that made any comparisons to the administration and ideology of Barry Soetoro (or Barack O'Romney) immature and irrelevant.

You're not saying Statists are one and the same in the the grand scheme of things are you?

Tue, 06/19/2012 - 22:42 | 2541759 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Communists and Nazis are evil, ugly step-sisters. Not much difference.

Tue, 06/19/2012 - 22:54 | 2541780 Waffen
Waffen's picture

Granted, although both were authoritarian, their interests were very different.
Nazism was highly nationalistic and volk "folk" centered, supports the family etc.

Communism basically is destruction of everything but the state. Basically the state is your family.

Very different, but yes both are authoritarian and thus enemies of liberty. If given the choice however communism is by far the most evil anti human state institution there is.

Tue, 06/19/2012 - 23:23 | 2541863 Conrad Murray
Conrad Murray's picture

Volkswagen...vehicle of choice for the douchebag commie hipsters.

Apple...Authoritarian manufacturer of choice for the douchebag commie hipsters.

I don't have my black rimmed hipster glasses on, but, if I'm reading this right, I must disagree that their is a choice between Nazism and Communism. Either, one if for individual liberty, or communal serfdom; there is no middle ground.

Live free or die trying.

Tue, 06/19/2012 - 23:27 | 2541882 Waffen
Waffen's picture

Just stating how one leaves room for family and culture while the other takes everything from you. Both are evil but communism is the greater of the two, IMO.

Wed, 06/20/2012 - 00:11 | 2542015 Peter K
Peter K's picture

What also needs to be mentioned here is that the National Socialists went on their killing sprees as a result of the war going badly, but not because they couldn't feed themselves. Whereas the Communists went on there killing sprees because they couldn't feed themselves and needed to find a scapegoat. And they have been doing it to this day.

Wed, 06/20/2012 - 09:34 | 2542905 N. B. Forrest
N. B. Forrest's picture

Communists went on killing sprees just because they could.  10 million dead Ukranians, just because Stalin could kill 10 million Ukranians. 

Wed, 06/20/2012 - 03:21 | 2542249 Ghordius
Ghordius's picture

waffen, you pointed out to the correct view. if liberty is in any way important to you, then fascists and communist look roughly the same. but they are radically different in their views on the details of their authoritarianism, which is encapsulated in their differences of opinions about the family and the state, a difference big enough to make them fight each other.

you could go philosophical and state that it's the roman familia principle (based on male descent) fighting the proto-germanic tribe principle (based on female descent).

interestingly, the very old romans tried to square those principles, as shown by their triple names.

the first name was that of the personality, the second of your gens, i.e. of your (originally female-descent-based - greek: genos) clan name, binding you to a greater group of social solidarity, and the third name was that of your family, which at that time was also the equivalent of a company/brand/legal liability group led by one man/farmer/"tyrant"/freeholder/father/citizen.

remnants of the gens/clan/genos concept were encountered by the English in their conquest of Scotland and Ireland, where the Irish, for example, did not understand at first the English concept of personal property of land, having more of a Iroquois understanding that land belongs to a female-descended group bound by group solidarity (and led by an elected chieftain).

Wed, 06/20/2012 - 06:55 | 2542393 GeneMarchbanks
GeneMarchbanks's picture

No. None of that means anything. It's about freedom and shit.

Wed, 06/20/2012 - 00:18 | 2542027 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Granted, although both were authoritarian, their interests were very different.

Naw, the interests are always the same old song of the sociopath: power.

The various isms are no more significant than the colors of a flag.

Tue, 06/19/2012 - 22:51 | 2541782 Conrad Murray
Conrad Murray's picture

<----- Click if you work for a living
<----- Click if HuffPuff brought you here

Tue, 06/19/2012 - 22:52 | 2541783 Tirpitz
Tirpitz's picture

Both systems proved highly capable of bringing dozens of millions of desperate, pillaged and raped citizen back to bread and hope.

While the unfettered crony capitalist counterparts seem to be content to see them living under overpasses without income, healthcare, education -- without any future at all.

Tue, 06/19/2012 - 22:57 | 2541793 Waffen
Waffen's picture

Apparently communism forgot to give bread to the ukranians(or let them grow anything at all)

Holodomor

Tue, 06/19/2012 - 23:05 | 2541815 Conrad Murray
Conrad Murray's picture

What's 3+ million lives among friends, Comrade?

Tue, 06/19/2012 - 23:06 | 2541818 Tirpitz
Tirpitz's picture

Maybe they rather wanted to let them eat cake?

Wed, 06/20/2012 - 00:03 | 2541991 AldousHuxley
AldousHuxley's picture

like unions, poor turn to communism and socialism when elites don't throw them enough crumbs. then they take majority power and screw it up for elites too.

 

like jaded divorced single mother becoming feminazi

 

like jaded blacks converting to islam when white christians don't respect them

 

like low level employees jumping ship to competitor company for just little bit more money.

 

royalty is fickle. key is maintain balance, otherwise leaders lose their slaves and become leader of nobody.

Wed, 06/20/2012 - 09:32 | 2542889 N. B. Forrest
N. B. Forrest's picture

No differance at all. 

Wed, 06/20/2012 - 10:04 | 2543005 DanDaley
DanDaley's picture

Exactly! Look at the NAZIs and their programs: 

Health-food fanatics / vegetarians

Hated smoking

Hated alcohol (made sweet cider the national drink)

Thought-controlled school system

Despised Christianity / loved moslems

Sounds a lot like Bloomberg, eh?

 

Wed, 06/20/2012 - 01:29 | 2542134 NorthPole
NorthPole's picture

The Nazi Party, in German - NSDAP ( National Sozialistische Deutsche Arbeitpartei - National Socialist German Workers Party ) - definately called themselves 'socialist'. It was a whole different breed of 'socialism' than the Russian communists or the social democrats of today, of course.

http://en.wikipedia.org/wiki/NSDAP

 

 

 

Wed, 06/20/2012 - 05:16 | 2542335 Bazza McKenzie
Bazza McKenzie's picture

Hitler considered himself a nationalist on behalf of the "Germanic people" (which included Austria, he being Austrian by birth).  His big beef with the communists was that they are/were "internationalists", aiming to subordinate national groups.  But both were socialist in economic terms, though obviously the communists were adherents of the marxist version of socialism.

At least part of Hitler's antipathy to Jews was that he saw them as active leaders of communism in Germany and thus attacking German nationalism.  [Source: Mein Kampf].

Wed, 06/20/2012 - 03:44 | 2542255 reTARD
reTARD's picture

You're not saying Statists are one and the same in the the grand scheme of things are you?

Yes, the only difference is the degree of socialism. If I remember correctly, Hayek said that the natural progression of socialism is to fascism. Socialists, in general, may be well intentioned but as we know there are "unintended consequences" to their central planning. And ultimately these socialists unknowingly end up creating a far worse monster which ends up opposite of their initial dreamy ideals. Socialism grows and gains power via centralization (totalitarianism).

Tue, 06/19/2012 - 22:20 | 2541689 francis_sawyer
francis_sawyer's picture

When all else fails... NATIONALISM! (When that fails... WAR!)...

- to do that... BORROW

- when that fails... SURRENDER

- when that fails... DEFAULT

- when that fails... PRINT

- when that fails... NAKED SHORT GOLD & SILVER

(additions welcome)

Tue, 06/19/2012 - 22:25 | 2541718 FeralSerf
FeralSerf's picture

Addition:

Rothschilds and their tribe win.

Tue, 06/19/2012 - 23:18 | 2541846 Waffen
Waffen's picture

You mean those people that have gotten thrown out of a city or country 109 times since 250 AD?

Tue, 06/19/2012 - 23:55 | 2541971 FeralSerf
FeralSerf's picture

Actually it was the Kazars that were the origin of this "Thirteenth Tribe".  It's true that this group have had a bad reputation for quite some time not unlike the Gypsies.

http://socioecohistory.wordpress.com/2009/01/24/khazar-empire-illuminati...

Wed, 06/20/2012 - 00:45 | 2542065 i-dog
i-dog's picture

The Khazars were also the source of the original 12 tribes (they rode down on chariots from the Russian steppe, through Turkey into Egypt, then were thrown back out into Palestine as the "12 tribes").

They are the original warmongers and continue to this very day ... 4,000 years later!!

Wed, 06/20/2012 - 00:52 | 2542080 Western
Western's picture

I'll expand on what you said;

 

They took over some areas in Italy, founded rome, defeated carthage, created the cult of rome... which is now our legal system and catholicism.

Wed, 06/20/2012 - 01:28 | 2542096 i-dog
i-dog's picture

Exactly ... though, "politically infiltrated" Italy is a better description ... via the Caesar family, from Macedonia, of Alexander the Great fame, whose origins lie in Phoenicia, one of the 12 tribes. It's an unbroken trail of [attempted] global domination by an inbred tribe of troublemakers.

Wed, 06/20/2012 - 03:11 | 2542245 ThirdWorldDude
ThirdWorldDude's picture

...And the Phoenicians derive from Mesopotamia, which comes from Sumer... If you continue like that, you'll finish with Adam and Eve. Plain BS, or a sign that greed and lust for power are universal traits.

Provide links or cite your sources please, unless you're pulling them out of your ass.

Wed, 06/20/2012 - 06:34 | 2542365 i-dog
i-dog's picture

Do your own fucking research, if you have doubts. You want me to give you a detailed 2,000-year history lesson, with hundreds of reference links, accumulated through years of research!?!

LOL ... Go back to the 'History (According to Hollywood) Channel'! Their potted (and certified kosher) fairytales are much closer to what you want to hear. This is not a history tutorial site, though the history is relevant.

Wed, 06/20/2012 - 06:54 | 2542392 ThirdWorldDude
ThirdWorldDude's picture

I've done my research, pucko, that's why I call your BS. 

This is not a history site, you're right about that, but some of you enjoy showing off with "knowledge" of "history" cited from the Bible (your 12 tribes). 

Wed, 06/20/2012 - 07:14 | 2542414 i-dog
i-dog's picture

LOL ... the bible is the last place I'd go looking for history -- hence the quote marks I placed around the "12 tribes". Back to you for the last word.

Wed, 06/20/2012 - 20:23 | 2545589 Western
Western's picture

Why do people think that what is written in history books is the absolute truth?

Wed, 06/20/2012 - 03:36 | 2542263 ThirdWorldDude
ThirdWorldDude's picture

Nope. The Khazar Khaganate was placed entirely between Black and Caspian Sea, i.e. todays Azerbaijan, Chechenia, Northern Turkey, Eastern Bulgaria and Southern Ukraine. The earliest they might've migrated to Palestine was after 9th century AD, when their King decided to convert the entire tribe to Judaism.

I recommend you read something about St. Cyril's Khazar mission.

Wed, 06/20/2012 - 19:43 | 2545350 i-dog
i-dog's picture

Nope. That's a konveniently inkomplete rap sheet on our knightly Khazarian kleptokrats! You didn't deserve the up-arrow you gave yourself.

The Khazars invented the war chariot c.2000 BC and its progression down through Turkey (to knock out the Hittites) and Egypt (in 1650BC, as the Hyksos ("foreign rulers, arriving on horses and chariots"), which were subsequently expelled into Palestine in 1540 BC, "the Exodus") is now well documented through archaelogical evidence, rather than the mumblings of monks. Start here: http://en.wikipedia.org/wiki/Chariot

Wed, 06/20/2012 - 02:57 | 2542222 Gavrikon
Gavrikon's picture

I dunno.  I LIKE the idea of Economic Nationalism.  The middle classes of the West would not be losing everything to the slave labor forces of the East just to benefit the Globalist Elites.

Tue, 06/19/2012 - 22:22 | 2541693 barliman
barliman's picture

 

3,000 years of nationalism were never going to be wiped away by 12 years of economic union.

Anyone selling anything else is talking their book and a particularly coarse grade of horseshit.

barliman

Tue, 06/19/2012 - 22:42 | 2541757 Dr. Engali
Dr. Engali's picture

It's almost as bad as the hubris of the U.S and the "peace" talks in the middle east. They have been at each others throat for thousands of years and we think we can get them to resolve their issues with a handshake.

Like we really want peace over there anyway... Conflict plays right into our hands.

Tue, 06/19/2012 - 23:01 | 2541794 barliman
barliman's picture

 

Tension HAS PLAYED (past tense) into our hands. (Easy to sell the latest and greatest weapons to people who don't trust their neighbors)

Obambi just got schooled by Russia and China on Syria at the G-20.  Apparently he still desn't know what, "Tovye maht!" means.

Apparently Krugman just got schooled on The Colbert Report with a retort to his preaching that what "we really need to sort things out is a war in Europe."

Punching up the technology to see if the little light bulb went on over Krugman's head at that idea.

barliman

Wed, 06/20/2012 - 02:59 | 2542225 Gavrikon
Gavrikon's picture

That's Tvoya Maht, BTW. As is Yob Tvoya Maht, Abiziana Svollich!

Tue, 06/19/2012 - 22:51 | 2541781 Tourist2008
Tourist2008's picture

"Progress depends on the unreasonable man" George Bernard Shaw

Wed, 06/20/2012 - 03:09 | 2542242 AnAnonymous
AnAnonymous's picture

3,000 years of nationalism were never going to be wiped away by 12 years of economic union.

_________________________

3 000 years of nationalism in Europe? Make it 5 000 years. When bigger than biggest is not yet big enough, US citizenism at work.

Wed, 06/20/2012 - 03:53 | 2542283 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

3 000 years of nationalism in Europe? Make it 5 000 years. When bigger than biggest is not yet big enough, US citizenism at work.

Hey, sure, why not? It's your fantasy, so make it a good one. Might as well say 'US citizenism' has been oppressing mankind for over 9000 years, since the last ice age and beyond. Your hallucinations blobbed up real good.

AnAnonymousitizenism at work.

Wed, 06/20/2012 - 06:17 | 2542358 AnAnonymous
AnAnonymous's picture

Ah, that would be good if I adopted such stances. Would make things easy.

Unfortunately...

Wed, 06/20/2012 - 14:48 | 2544557 akak
akak's picture

It would be good if you would adopt the stance of placing your defecating buttcheeks over a toilet instead of over a Chinese roadside --- or over this forum.

Tue, 06/19/2012 - 22:18 | 2541697 Buck Johnson
Buck Johnson's picture

It's simplier than that, When people are hungry and their kids are starving and they have lost any way of making a living, it's real easy for a charasmatic person to tell them you are in this position because of THOSE PEOPLE and they point to THOSE PEOPLE.  And so they believe and the govt. doesn't do much about it because they fear the people will know the truth of the matter.  Which is their govt. was responsible for the mess, the foreign banks and govt. didn't have a gun to their head to take the money or manipulate said countries economic look to be accepted into the EURO.  In the govt. mind it's better for the Nationalists to go after THOSE PEOPLE than to go after them. 

And in some ways it's also societies way of pushing blame from the citizens themselves for being to lazy and to self centered to think about what said govt. was doing in their name.

 

Tue, 06/19/2012 - 22:39 | 2541753 garypaul
garypaul's picture

That was a great and quick summary

Wed, 06/20/2012 - 01:36 | 2542135 zelter
zelter's picture

And what if THOSE PEOPLE (i.e., unwanted non-Europeans and their seed) are to blame, moron? The Western rate of consumption that the non-Whites who flood in enjoy on our backs comes at the direct expense of any rational planning for the future.

And what if the presence of those aliens is an irreducible problem in itself? Don't the indigenous peoples of Europe deserve places of their own, or is it too problematic for American liberals like you?

The governments in Europe are openly acting in alien rather than national interests; you can ask them. They evade democratic processes by going the supranational route. They do not recognise indigenous European peoples. They are fully dedicated to destroying all national fellow-feeling. They even have security police forces dedicated to fighting "racism," an idea which led to the horrors of the Soviet Union.

Rest assured they are firmly in nationalist crosshairs.

Wed, 06/20/2012 - 03:05 | 2542236 AnAnonymous
AnAnonymous's picture

Don't the indigenous peoples of Europe deserve places of their own, or is it too problematic for American liberals like you?
_____________________

And it has to be remembered that the Indo Europeans who are peopling Europe now are not indigenous to Europe.

They come from Asia.

It might indeed time to make room for the indigenous people of Europe.

Just like it might be time to make room for the indigenous people of the US of A.

Which shares the same problem as Europeans. What a surprise.

Wed, 06/20/2012 - 03:02 | 2542230 Gavrikon
Gavrikon's picture

"it's real easy for a charasmatic person to tell them you are in this position because of THOSE PEOPLE and they point to THOSE PEOPLE. "

And the charismatic leader would be correct.  THOSE PEOPLE are the globalist elites who have dismantled the ladders of upward mobiity through the importation of cheap labor and the exportation of manufacuring and technical work to slave labor countries. 

Tue, 06/19/2012 - 22:20 | 2541705 kito
kito's picture

The euro area will work best when big banks like UBS aren't given handouts while the the so called intellectual capital wastes away. You, mr Donovan, and your ilk are what causes festering resentment. Your worthless assessment is just bread and circuses for the rest of the investment world.......

Tue, 06/19/2012 - 22:20 | 2541707 Yen Cross
Yen Cross's picture

 The Consequences?  ? Status Quo, or perhaps " drawn $ Quartered"?        

 

                     Quit effin the Sheep, and take "HANDS" Maties! Do we need the English for another " CIVIL WAR"?

 

        " ARRRR"



Tue, 06/19/2012 - 22:22 | 2541711 FeralSerf
FeralSerf's picture

Nationalism is just a normal tribal us-vs-them response.  When the whiff of merde starts coming from the fan, one  begins to need to find out who his friends and enemies are.  He will be advised by his leaders and his leaders' television networks in this regard.  It will no doubt cost him.

Wed, 06/20/2012 - 03:03 | 2542232 AnAnonymous
AnAnonymous's picture

Nationalism is just a normal tribal us-vs-them response.
__________________

No. In US citizenism, nationalism goes beyond the scale of tribalism.

Tue, 06/19/2012 - 22:23 | 2541714 mcguire
mcguire's picture

olympics this summer will likely make nationalistic tendancies more amplified... 

Tue, 06/19/2012 - 22:28 | 2541726 TrainWreck1
TrainWreck1's picture

Did the Olympics start? Are they over? Did anybody watch?

Tue, 06/19/2012 - 22:38 | 2541749 Yen Cross
Yen Cross's picture

  I especially enjoy the track and Field sports segment! last time I explored london it was rather "boring"!

    All the knuckle heads are probably targeting, the fish and chip stands!

Tue, 06/19/2012 - 23:05 | 2541812 Waffen
Waffen's picture

I look forward to rooting for the Texas athletes.

Tue, 06/19/2012 - 22:37 | 2541741 Tirpitz
Tirpitz's picture

"Nationalism very readily turns into prejudice against others."

How that? Nationalism means the own family comes first, while those foreigners, who don't belong to one's country, rank last. Globalization is the mere opposite: cheap labor for the sole benefit of international corporations.

"Indeed the hostility to immigration that is a common characteristic of Euro area nationalism is something that arouses considerable concern amongst economists."

Yeah, economists were always concerned if their pipe dream globalization efforts were jeopardized. Who needs this trade, by the way? A solid country can be run by engineers and accountants, while the economic preachers can sink in their seas of wrong forecasts.

"Prejudice is something that is economically undermines competitiveness."

True. Watching the parasites leeching off the benefits of their host societies keeps the workforce competitive.

Tue, 06/19/2012 - 22:59 | 2541801 Lednbrass
Lednbrass's picture

Well said.

Every one of those statements is just the whining of some rootless cosmopolitan jackass who can sees their gravy train threatened.

Wed, 06/20/2012 - 05:03 | 2542330 Bazza McKenzie
Bazza McKenzie's picture

"Prejudice is something that economically undermines competitiveness." I've noticed how its been a real hindrance to the competitiveness of Japan, China and South Korea.  Perhaps they haven't got the wise advice from UBS.

Tue, 06/19/2012 - 22:36 | 2541743 pragmatic hobo
pragmatic hobo's picture

nationalism aside, the crux of problem in europe is that they do not have central facility to print money out of nothing. Therefore in order to bailout Greece the Germans have to pay. If they can "fix" their consitution to allow ECB to freely print money then ECB can basically bailout all banks like US did 4 years ago. Obviously that will not fix the fundamental problem of countries like Greece living beyond their mean but the the immediate crisis will be put to the rest and allow europe to buy time for orderly exit out of euro.

Tue, 06/19/2012 - 22:47 | 2541773 earleflorida
earleflorida's picture

'mankind from its inception, to that of an existential paltry society, has ritualistically buried its prejudices along side its nationalistic pride with the overt-enthusiasm of a madman thirsting for blood be it friend or foe... always seeking justice through death be thy savior?'

Summary: America is a polarized country today with a myriad of nationalistic overtures in all fifty states - a caldron boiling over in a melting pot we once called unity - divided by servitude and debt... as that of the seventeen state Eurozone, now finding their nemesis a cultural shock. Indeed, how could that be?   jmo

thankyou tyler

great read

Tue, 06/19/2012 - 22:56 | 2541789 three chord sloth
three chord sloth's picture

The regular folk lean towards nationalism for the very same reason the wannabe elites loath it. People simply like to know what the rules are so they can go about their lives. Introducing vast populations of outsiders, with different rules and norms, makes that impossible... and creates a need for an elite class to mediate between the newly created factions.

The regular folk resent being told what to do, what to say (and not say), and how to live by a privileged elite. They hate having the rug pulled from under them. They hate the cultural landscape being re-engineered to benefit the other.

The elites live for the chance to do all those things. Those things mean power, privilege, and money to them. And it all creates a divided (and therefore easily controlled) citizenry.

Tue, 06/19/2012 - 23:03 | 2541810 Waffen
Waffen's picture

But, but, diversity is our strength? I am so confused.

Tue, 06/19/2012 - 23:53 | 2541968 Peter K
Peter K's picture

So the story goes :0

Wed, 06/20/2012 - 03:02 | 2542229 AnAnonymous
AnAnonymous's picture

US citizen world is not a world of diversity. It is a world of uniformity.

Wed, 06/20/2012 - 03:40 | 2542268 reTARD
reTARD's picture

Dropping the citzenism game, diversity is preferable to uniformity. Diversity would be having options, choices, thus competition, decentralization. Uniformity is not having options, no competition, centralization and must be held together by force. It's like the second law of thermodynamics of entropy. Things naturally move to chaos/disorder or otherwise require energy or force to create order or to maintain uniformity.

Wed, 06/20/2012 - 03:48 | 2542274 AnAnonymous
AnAnonymous's picture

What citizenism game? That is US citizenism and it stands for 'Americanism'.

Assessing the benefits of diversity is sterile because US citizenism, the major trending force in the world, pushes (and very successfully) for uniformity.

The world is going to be one of uniformity. Useless to speak of diversity as it is a thing of the past.

The progress of the diversity destruction mirrors the progress of resources extraction.

When US citizens started, the world was diverse with much oil around.

Diversity was introduced as an object of consumption just like oil was.

US citizens apply US citizenism in both case. Diversity is plummetting just like oil is. And US citizens will be led to apply same methods similar to fracking etc

Wed, 06/20/2012 - 04:06 | 2542300 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

What citizenism game? That is US citizenism and it stands for 'Americanism'.

Only within the confines of your fantasies. It falls apart when you try to blob it up to the exterior.

Diversity is plummetting just like oil is. And US citizens will be led to apply same methods similar to fracking etc

Made me laugh.

AnAnonymousism is a bit fracked in the head.

Wed, 06/20/2012 - 04:47 | 2542326 reTARD
reTARD's picture

I agree somewhat with your analysis of outcomes (resource extraction). However, I don't agree with your false "your country versus my country" paradigm. Nationalism between countries (borders drawn by the elites) and citizenism is a game the elites what us to fall into playing to divide and conquer us. They want you to fight me and vice versa while not watching them. I don't care for countries and being a good "citizen" (read as slave or livestock on a farm called a country). My ideal world is to have the option to live stateless.

Back to natural resources... I agree that the US and western democratic powers (Europe and Japan) have taken advantage of and abused their control of resources like oil. However, while you criticize the West, it is in fact a falling power and the tables are turning. One day perhaps sooner than we imagine will we see you criticizing yourself and your citizenism??? After all it appears that China has now been "imperializing" resources like copper, gold, rare earths, and other resources around the world.

But again, I don't see this as a function of countries but instead as a function of the greater powers behind the curtain who really run this world.

Wed, 06/20/2012 - 06:18 | 2542359 AnAnonymous
AnAnonymous's picture

Probably the word you look for is citizenship.

US citizenism ('Americanism') is not US citizenship.

Wed, 06/20/2012 - 03:58 | 2542290 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

US citizen world is not a world of diversity. It is a world of uniformity.

That is a tautology, since you are the only inhabitant of US citizen world.

AnAnonymousitizenism at work.

Wed, 06/20/2012 - 03:01 | 2542227 AnAnonymous
AnAnonymous's picture

People simply like to know what the rules are so they can go about their lives. Introducing vast populations of outsiders, with different rules and norms, makes that impossible... and creates a need for an elite class to mediate between the newly created factions.

___________________________

No. US citizen do not live up by their rules. With US citizens, it is always about tricking the law.

Introducing new populations makes this transparent as US citizens can not bear those new populations to behave the US citizen way. US citizens want a monopoly on US citizen behaviours. As new populations tend to adopt US citizenism themselves, conflictual situations arise.

Wed, 06/20/2012 - 04:08 | 2542303 TheFourthStooge-ing
TheFourthStooge-ing's picture

More unsupported assertions.

AnAnonymousitizenism at work.

Wed, 06/20/2012 - 06:20 | 2542361 AnAnonymous
AnAnonymous's picture

Supported statements.

For example, US citizens are champions of illegal immigration and settlements.

Yet when a newcomer comes and adopts the US citizen way, they despize her and loathe on her.

Wed, 06/20/2012 - 04:51 | 2542328 Poor Grogman
Poor Grogman's picture

Free Tibet!

Wed, 06/20/2012 - 06:18 | 2542360 AnAnonymous
AnAnonymous's picture

Free Tibet! Free Taiwan! Free the US of A!

Wed, 06/20/2012 - 04:42 | 2542323 Bazza McKenzie
Bazza McKenzie's picture

A very astute observation.  Thanks.

And in homogeneous societies, the "rules" which most impact on daily lives are largely culturally developed norms.  With heterogeneity comes a requirement for rules to be imposed legally rather than socially, which is an intrusion in the life of the nationals.

One other thing I have observed is that all minorities discriminate in favor of members of their minority, eg in terms of employment.  BUT, in western countries they use the laws to prevent nationals from discriminating against them, or to exploit suggestions that such discrimination is occuring.  Consequently, nationals come to understand that they actually have weaker rights than those who have latterly come to their country pursuing the benefits created by the country's nationals.

Tue, 06/19/2012 - 23:04 | 2541811 Mercury
Mercury's picture

The challenge is that if the Euro is to hold together (and we believe it will) these nationalist sentiments must be subsumed into a regional sentiment. Fiscal confederation should not be about “German money” going to “Greece”, or whatever combination1. Instead fiscal confederation should be about wealthier Euro citizens funding assistance to less wealthy Euro citizens. To get beyond the national boundaries implicit in the current national sentiment is essential to the eventual and necessary integration of the Euro area.

 So, once you understand that a bunch of unelected, unaccountable Eurocrats are taking your wealth and property away because you’re rich, not because you’re German, it will be much easier to lay back and enjoy it.

Tue, 06/19/2012 - 23:11 | 2541830 Waffen
Waffen's picture

Impossible. The only way is to have a unified culture. You can't have Germans paying for "lazy" greeks.

People are not robots and by age of 3 kid can tell the difference in race and certainly culture.

Multiculturalism which is what the Euro tried to implement will fail under stress. They look to the US, but only the reserve currency has allowed us to deny reality. Under stress these sunshine, lollipops and rainbows will burn away like dirty rags.

Wed, 06/20/2012 - 02:37 | 2542189 earleflorida
earleflorida's picture

America's greatness up until the late 60's, early 70's was all about the unbiased collective integration of its new found population growth. People married whom they actually loved, period! Nationality, race, culture, religion, social standing were small issues, but had little to do with the mass homogeneous mix.

Catholics, Protestants, Jewish et. el. all had massive interfaith marriages throughout america.

Irish, Italian, African, Polish, German, French, Portuguese, Russian, British, Korean, Chinese, Japanese, Puerto Rican, Spainish, Greek, et. el. all intermarried! All my friends were 'mongrels', that is to say... we all had three, four, or even five different nationalities in our blood. No ethnic slurs could hurt us for we were part and parcel of all the ethnic slurs which we laughed off.

What's happened in the last three decades is the influx of illegal aliens which gravitate among themselves for obvious reasons... eventually causes social upheavals, and unrest. Mexicans must be integrated into the entire country demographically as do the current outstanding influx of Asian immigrants [Korean/ Vietnamese/ Burmese et. el. ].

Think of Ellis Island and how they dispatched millions of refugees to various parts of our country and how successful that simple program worked. The secret was creative logistics by way of humanistic placement and an  associate co-sponsor there for you to help you find your legs so [language, housing, necessary staples, etc., ] to say.  Grand dispersion coupled with creative integration paved the way eventually solidifying viable and homogeneous communities, and towns throughout this great land.

Ps. These aren't hard fixes... at least not for me to coordinate. 

jmo   

Wed, 06/20/2012 - 08:11 | 2542499 fajensen
fajensen's picture

I would say that the prison- and security-industry is actually what kept the effects of multiculturalism from expressing themselves fully in the US in the same way that it expresses itself in weaker countries - like in f.ex. Africa, India or Pakistan. It is very unusual to jail about 5% of the population.   

Of course all of this is paid for from having the reserve currency.

Tue, 06/19/2012 - 23:12 | 2541833 Tirpitz
Tirpitz's picture

Guess the real question is rather: Who shall benefit in the end?

Of the hundred plus billions in Greek bailout money, just a few drops managed to sink into the Greek corruption system, while over 90% of the dough went straight to the major banks.

To level the playing field between rich and poor is a task overdue, while shoveling the zillions into the bottomless backsides of globalized black holes can't be a goal worth striving for.

Tue, 06/19/2012 - 23:23 | 2541847 Mercury
Mercury's picture

If only a few drops are making it to the Greeks themselves, it shouldn't be so drastic for them if the spigot gets shut off - no?

Level playing fields produce winners and losers too.

And who are the angels that will determine who gets what?

Is there somewhere I can send my resume?

Tue, 06/19/2012 - 23:31 | 2541881 Tirpitz
Tirpitz's picture

No losers in this battle. The upper 0.1% will be sent straight to their creator, and the rest of the people will get what they worked for in centuries of slave labor. It's a classical win-win situation.

No need to send in a resume, though, as the big battle will be fought along blood lines.

Tue, 06/19/2012 - 23:29 | 2541890 chump666
chump666's picture

That French commie Hollande just sent a message to Germany, nasty.

* Hollande: expects group of EU countries to adopt financial transaction tax next year

* Hollande: Italy suggested use of ESM to buy debt; worth exploring this idea

* Hollande says more time for Greece to meet targets would mean more EU money, need to explore other options

* Hollande says wants all of Europe's tools, including ECB, to be used to fight crisis

* France's Hollande says believes compromise possible on linking budget responsibilities in Europe

We look forward for French yields blowing out.  As markets (under socialists style asset support) can't price debt.  Therefor just dumps it, Germany takes a hit and tells the EU to f*ck off as they walk away from the pathetic mess of the PIIGS/France/Belgium/Holland.

 

Wed, 06/20/2012 - 04:17 | 2542308 dumbengineer
dumbengineer's picture

I'd love to read a ZH piece about taxing financial transaction. Haven't seen anything worth reading on that subject. Did you know UK has a tax on financial transaction ?

Another topic I'd love to read about is : 'how would the financial industry look like in a gold-backed money system

Wed, 06/20/2012 - 15:20 | 2544694 earleflorida
earleflorida's picture

 'Tobin Tax ?'         http://www.en.wikipedia.org/wiki/Tobin_tax

Wed, 06/20/2012 - 08:47 | 2542608 falak pema
falak pema's picture

the commies kicked your 666 butt in Vietnam; so Commies are better than US -uber alles, Right??

According to your own rules where might is right and the only good commie is a dead injun commie,right? and the only good nigger commie is a cotton pickin nigger, right?? and the only good sand nigger commie is one butt fukked in Abu Ghraib, right?? or water planked in Guantanamo, right? 

Since anybody who doesn't agree with your logic gets the label of socio-commie, we should all wear it like the medal of honour! 

As for market correction its more Oligarchy erection of Custer's last stand type. Have a good ride.

Tue, 06/19/2012 - 23:43 | 2541934 Peter K
Peter K's picture

"The other issue that arises from the rise of nationalist parties in the Euro area takes us away from the specifics of the Euro integration. Nationalism very readily turns into prejudice against others. UBS' Paul Donovan adds that the Euro area will work best when it recognises and uses its economic resources (people in this instance) to the best advantage. Festering resentment and nationalism is unlikely to produce that sort of a climate. Given how important it is to restore competitiveness to the Euro area economy, this is not a negligible economic cost."

Hmmm. Sound's familiar. Now where have I heard abount the festering resentment directed toward a specific segment of the population? Oh, I remember. Doesn't our young redistributive, functional marxian president have a problem with this very same issue? Wonder if this would make him a black nationalist?

 

Just trying to cover all the bases. :)

Tue, 06/19/2012 - 23:44 | 2541943 q99x2
q99x2's picture

This article must be from Tyler's evil twin.

Because, the rise of nationalism is due to the attempted takeover of Europe by the NWO. The banksters flood the countries with immigrants, make everyone economically insecure by basing the take-over of countries by corporations via unprosecutable fraud. Subordinate National laws to UN treaties, and use the media as a propoganda tool to influence their agenda of world domination. So people everywhere have had a fucking nough of these criminals. No one can invest in an enviroment that is run on fraud and ruled by corporations that do not and cannot posess the quality of morality. You stupid globalist pig.

Did I say too much or was that enough.

Tue, 06/19/2012 - 23:55 | 2541966 williambanzai7
williambanzai7's picture

What a shallow reading of the roots of Fascism.

And what of Euro fascism?

Wed, 06/20/2012 - 00:02 | 2541989 AurorusBorealus
AurorusBorealus's picture

You make a good point.  Fascism and nationalism are two entirely different things.  Fascism certainly played upon the strings of nationalism to enchant the masses, but nationalism must remain a concept quite distinct from fascism if one is to think clearly about any matter.

Tue, 06/19/2012 - 23:58 | 2541979 AurorusBorealus
AurorusBorealus's picture

Nice to see that UBS has the funds to pay someone to can a B-grade undergraduate level thesis on "nationalism."

Wed, 06/20/2012 - 06:33 | 2542371 AnAnonymous
AnAnonymous's picture

US citizens have a lot of money and the necessity to monolize speech means.

So... No place for vaccuum. It could be occupied by people with stuff to say.

Wed, 06/20/2012 - 14:09 | 2544365 akak
akak's picture

Why monolize speech means, when duolizing eyeing capabipacities is so much more entertaining?

Tue, 06/19/2012 - 23:59 | 2541981 Segestan
Segestan's picture

50 years of Liberal crap... and here we are. Go Nationalism!!

Wed, 06/20/2012 - 02:49 | 2542209 Waffen
Waffen's picture

Cultural Marxism was an intended plan to destroy nationalism and bring us all into a world government. The problem is that it is completely contrary to human nature.

This is why it took 2 world wars to get this far. Now as this whole debacle has been created on purpose TPTB clearly believed that they would be able to guide it into world government because of how bad things will get.

We need to all pray that the european people rush to nationalism and contrary here in the states we rush to localization/Balkanization.

World government will be a literal hell hole for our children. We must succeed in not allowing the people to run to world government as the solution to the collapse that TPTB orchestrated.

Wed, 06/20/2012 - 03:30 | 2542260 AnAnonymous
AnAnonymous's picture

50 years of Liberal crap... and here we are. Go Nationalism!!
______________________

No. 236 years of US citizenism... and here were. Go, US citizenism!!

Wed, 06/20/2012 - 08:37 | 2542586 falak pema
falak pema's picture

O golden dawn, oh golden porn, O hungarian rhapsody for Horthy's greater Hungaria, O Marine lepenis is mightier than the eurosword, O sarazin's sad song for knights teutonic, O Geert Wilder's rant on "some like it burqua hot".

I behold a  pale rider on the horizon...don't worry be happy! 

Wed, 06/20/2012 - 03:04 | 2542235 Joe A
Joe A's picture

"Instead fiscal confederation should be about wealthier Euro citizens funding assistance to less wealthy Euro citizens.". And that my friend, is an illusion. The rich despise the poor and in history the rich have never bailed out the poor. Instead what will happen is that the average Joe everywhere in Europe will be made equally poor and the rich everywhere in Europe will unite in ruling the poor.

Wed, 06/20/2012 - 03:27 | 2542259 AnAnonymous
AnAnonymous's picture

Makes me laugh.

US citizen Europeans are always losing their culture, they are absorbed into the great maelstrom of the US citizen of A lack of culture.

Most of them are already unculturally fit and living in any European big cities show only marginal differences between denizens.

US citizenism is an agent of uniformization. But the more uniformization advances, the more US citizens are compelled to consider themselves diverse, with no regard to the actual level of diversity.

How are they compelled? Simple. From the start, US citizens have monetized the destruction of diversity. They have made a lot of money out of it.

As diversity is disappearing, US citizens are losing a revenue asset in US citizen economics. In return, US citizens are compelled to perceive more and more diversity everywhere. The slightest deviation is labelled as diversity (funnily enough, as everything is situational in US citizenism, US citizens who are losing their US citizen status and pushed on the wrong side of US citizenism are no longer willing to see their political offer as being diverse)

As US citizens are powerful, but not almighty, it is when it grows promising.

US citizenism reduces diversity and thus, as nature sucks at identity, tends toward irreductible 'diversity' which is mostly perceived by US citizens as some shallow biological features.
That is very good.

Wed, 06/20/2012 - 04:14 | 2542305 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

US citizenism blah blah blah...

A lot of words to say nothing. Somehow no surprise.

Wed, 06/20/2012 - 06:22 | 2542362 AnAnonymous
AnAnonymous's picture

Nope.

It states that US citizenism have been uniformized the world, not maintaining/increasing diversity.

It states that US citizens have monetized the destruction of diversity, forcing them to chase for any kind of diversity they can in order to generate revenues.

Depletion of resources and diversity was one of them.

Wed, 06/20/2012 - 14:15 | 2544393 akak
akak's picture

It is amazing how every one of your posts consists of nothing but utter gibberish, yet somehow your obvious and overt anti-American prejudice and bigotry consistenly manages to come through loud and clear.

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