The Left Loses the Election in Peru

Commentary No. 423, April 15, 2016

Peru is one of the countries with a two-round presidential election. Unless one candidate obtains 50%+ on the first round, there is a second round with only the two candidates who had the most votes in the first round. And, as has been increasingly the case worldwide, when there are three candidates with significant support, there is a ferocious battle for second place on the first round of elections.

In Peru on April 10, 2016, the leading candidate was Keiko Fujimori, the daughter of the notorious former president Alberto Fujimori, presently imprisoned for human rights abuses. Definitive figures are not yet issued, but it seems she has about 40% of the votes. Second place was won by Pedro Pablo Kuczynski with probably 21%. Third place was occupied by Veronika Mendoza with about 19%.

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Anti-Trumpism

Commentary No. 422, April 1, 2016

I have been as appalled as anyone at the style and content of Donald Trump’s search for the U.S. presidency. I have at no point been tempted in any way to support him. I do not intend to vote for him.

But there is something happening that needs to be explained. It is not Trumpism, but Anti-Trumpism. The explanations of Trumpism are virtually endless. No one could have missed them. I do not wish to discuss what accounts for Trumpism – both the level of his support and the fact that he seems to be a Teflon candidate. Every time he does something outrageous and receives criticism for it, the outcome seems to be that his poll numbers rise further just because of the criticism.

What is not discussed very much is the phenomenon of what I shall call Anti-Trumpism. It is of course normal that there are those who oppose the choice of a particular candidate. What is unusual and needs a closer look is why the opposition seems to take on an almost hysterical tone, in which there is a suggestion that the election of Trump would transform the world (or at least the United States) fundamentally and permanently.

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Collapse of the European Union? A Skeptical View

Commentary No. 421, March 15, 2016

One of the many games pundits and politicians are playing these days is to spell out why and how the European Union (EU) is going to collapse, is already collapsing. Anyone who follows the news worldwide knows all the standard explanations: Grexit and Brexit will only lead to other exits; nobody wants more migrants (refugees) in their country; Germany has too much power, or not enough; ultra-rightwing forces/parties are rising almost everywhere; the Schengen Agreement providing visa-less movement is being suspended in most countries that had adopted it; unemployment is unstoppably growing.

There is an underlying theme in this litany of pessimism (or is it optimism?). Europeans – both the sophisticated and the “ignorant” – have become impervious to rational arguments. They are almost all acting irrationally, responding to their emotions and not to reflective analyses. But is this so, Charlie Brown? It makes for a good comic strip, but does that mean the EU will actually cease to exist?

I am not here giving my views about whether the EU is good or bad, should or should not be supported or undermined. Rather, I wish to analyze what I think will actually happen. Will the institutions that now make up the European Union continue to exist ten or twenty years from now? I suspect they will. To see why I think so, let us review together what may make Europeans – both the sophisticated and the “ignorant” – hesitate about taking the fatal step of dismantling what they have been working so hard to create for the last seventy years or so. There are some reasons that one might call economic, others that are geopolitical, and finally still others that might be called cultural.

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Declining Demand: Is Reality Creeping In?

Commentary No. 420, March 1, 2016

Neoliberal ideology has dominated world discourse for the first fifteen years of the twenty-first century. The mantra has been that the only viable policy for governments and social movements was to give priority to something called the market. Resistance to this belief became minimal, as even parties and movements that called themselves left or at least left-of-center abandoned their traditional emphasis on welfare-state measures and accepted the validity of this market-oriented position. They argued that at most one could soften its impact by retaining some small part of the historic safety nets that states had built over more than 150 years.

The resulting policy was one that reduced the level of taxation radically on the wealthiest sectors of the population and thereby increased the income gap between this wealthiest sector and the rest of the population. Firms, especially large firms, were able to increase their profit levels by reducing and/or outsourcing jobs.

The justification offered by its proponents was that this policy would in time recreate the jobs that had been lost and that there would be some trickle-down effect of the increased value that would be created by allowing the “market” to prevail. Of course, allowing the market to prevail in fact necessitated political action at the level of the states. The so-called market was never a force independent of politics. But this elementary truth was sedulously unnoticed or, if ever discussed, ferociously denied.

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The Left and the Nation: Unresolved Ambiguities

Commentary No. 419, Feb. 15, 2016

The term “nation” has had many different meanings across the centuries. But these days, and ever since the French Revolution more or less, the term has been linked to the state, as in “nation-state.” In this usage, “nation” refers to those who are members by right of the community that is located within a state.

Whether those who form a nation give rise to the creation of a state or a state creates the category of a nation and thereby rights within the state is a long-standing debate. Myself, I believe that states create nations and not the reverse.

The issue however is why states create nations, and what should be the attitude of the “left” to the concept of the nation. For some on the left, the concept of the nation is the great equalizer. It is an assertion that everyone (or almost everyone) has the right to full and equal participation in the decision-making of the state, as opposed to the rights of only a minority (for example, the aristocracy) to full participation. Today, we often call this a Jacobin view of the nation.

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A Left Electoral Strategy? France and the United States

Commentary No. 418, February 1, 2016

When Bernie Sanders announced that he would seek the presidential nomination of the U.S. Democratic Party, few people took him very seriously. Hillary Clinton seemed to have so much support that her nomination seemed assured without difficulty.

Sanders however persisted in his seemingly utopian quest. To the surprise of most observers, the size of his audiences at meetings throughout the country began to grow steadily. His essential tactic was to attack the large corporations. He said that they used their money to control political decisions and to quash debate about the growing gap between the very top earners and the vast majority of the American people who were losing real income and jobs. To emphasize his position, Sanders refused to take money from large donors at the top and raised his money only from individuals donating small amounts.

In doing this, Sanders touched a deep vein of popular discontent, not only among those at the very bottom of the income ladder but from the so-called middle class who feared they were being thrust down into the bottom stratum. Today, polls show that Sanders has gained sufficient support that he seems to represent a serious opponent to Clinton.

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Saudi-Iranian Collaboration: A Forgotten Story

Commentary No. 417, January 15, 2016

On January 2, 2016, the Sunni government of the Kingdom of Saudi Arabia (KSA) executed the leading imam of the Shia community in KSA. The Shiite government of Iran denounced this execution, as did governments throughout the world, and avowed there would be consequences. Since that time, the rhetoric has continued to escalate, and the world politicians and media have talked of a possible direct war between Saudi Arabia and Iran. Almost everyone tends to pose this tension as one that is based on the religious cleavage between Sunni and Shia that is said to have very long roots into the past, and defines the present situation based on the religious cleavage between Sunni and Shia.

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The BRICS – A Fable for Our Time

Commentary No. 416, January 1, 2016

The story of the BRICS is a strange one. It starts in 2001 when Jim O’Neill, at that time the chairman of the Assets Management division of Goldman Sachs, the giant investment house, wrote a widely-commented article about what we have come to call “emerging economies.” O’Neill singled out four countries – Brazil, Russia, India, and China – all of whom were large enough in size and territory to have noticeable weight in the world market. He labeled them the BRICs.

O’Neill argued that their assets were growing at such a pace that they were going to overtake collectively the asset values held by the G-7 countries, which had long been the list of the wealthiest countries in the world-system. O’Neill did not say exactly when this would occur – by 2050 at the latest. But he saw the rise of the BRICs as more or less inevitable. Given his position at Goldman Sachs, he was essentially telling the clients of Goldman Sachs to shift significant parts of their investments to these four countries while their assets were still selling cheaply.

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