Posts tagged with: europe

Blog author: johnteevan
Thursday, September 5, 2013
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Simon Vouet - La Richess - c. 1633Sustained prosperity is new and sustained prosperity for masses of people is completely unprecedented. What is sustained prosperity? It’s three or more generations of people who do not need to focus on survival or live in economic depression, but who can live comfortably even if they live paycheck to paycheck.

The only people who previously enjoyed sustain prosperity were the aristocratic landowners and royals especially of Europe and Asia. After the industrial revolution a few business men and bankers were added to that list but only if their wealth was handed down for more than two generations. No even we do.

Isn’t this the definition of the very rich? Yes, but what is new is that the entire group of people we call the ‘middle class’ has also become comfortable in the four generations since WWII.

How big is the middle class? Even though there are billions who do not enjoy this prosperity, fully 1.80b people are in the global middle class today (and another .15b people are rich). Of that 1.8b there are 18% who live in the U.S., another 36% live in Europe, and 20% are in the BRIC nations.

How did so many join the middle class? It was through the opportunities of new businesses, new inventions, a new high level education for the public, and new skill and knowledge based jobs. These are only possible where there is liberty and governments that allow businesses to prosper.

Why do Africa, the Mid-East, and Latin America have a very small middle class population? Because those regions still retain the old definitions of aristocratic and inherited wealth. That’s the polite way to say it. The reality is more that corrupt governments have plundered their own nations and their own people by corralling the wealth of the land including oil and minerals for themselves.
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Humility is probably one of the most difficult human virtues to achieve. For me, as a Hungarian intern at the Acton Institute, listening to Samuel Gregg’s June lecture in Grand Rapids on his new book, Becoming Europe about the Old Continent’s crisis is instructive. Relations between the United States and major European powers have been testy from time to time, of course, but Europe seems to lack self-criticism.

Aging Europe, an unsustainable social model, a two-speed Europe: these are some key expressions we hear about Europe every day. Each of these phrases reflects a problem with the evolution of European society and the free market. Actually, it seems as if the continent is living out its teenager years unsure whether to commit to social-democracy or the free market. Meanwhile, doing both of them wrong. As we can expect from a teenager, the symptoms refer to deeper-rooted problems. (more…)

I’m catching up on reading after the holiday last week, and the July 4 edition of the Transom has some gems, including this bit from Alexis de Tocqueville on the mindset of tenants:

There are some nations in Europe whose inhabitants think of themselves in a sense as colonists, indifferent to the fate of the place they live in. The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.”

They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved. They are so divorced from their own interests that even when their own security and that of their children is finally compromised, they do not seek to avert the danger themselves but cross their arms and wait for the nation as a whole to come to their aid. Yet as utterly as they sacrifice their own free will, they are no fonder of obedience than anyone else. They submit, it is true, to the whims of a clerk, but no sooner is force removed than they are glad to defy the law as a defeated enemy. Thus one finds them ever wavering between servitude and license.

This description of servile and licentious tenancy can be directly contrasted with a vision of responsible and faithful stewardship, in which the steward acts in the interests of his or her lord. As Paul writes, “it is required of stewards that they be found faithful” (1 Cor. 4:2 ESV). On the Christian view, it is in our best interest to align our interests with God’s, submitting our stewardship to his will and his law.

Alejandro Chafuen, president and chief executive officer of the Atlas Economic Research Foundation and board member of the Acton Institute, recently wrote a piece for Forbes.com discussing youth unemployment in the United States. According to the latest report, U.S. youth unemployment is at 16.2 percent which is more than double the adult unemployment rate. The unemployment rate for youth in Europe is currently at 24 percent. Chafuen asks, “Can we learn from the European experience?”

Using data compiled by the economic freedom indices of the Fraser Institute in Canada, and the Heritage Foundation, in the United States, we recently looked at how economic freedom, labor regulations, social spending, and regulatory climate, correlated with youth unemployment. Against our preconceptions, at least as shown with our simple static analysis, there were no convincing results.  I will spare the reader the statistical jargon and graphs and focus on apparent contradictions. (more…)

It is no secret that Europe is becoming less and less religious. A 2010 survey stated that only about half of Europe’s citizens believed in God, with some places (such as Sweden and the Czech Republic) registering belief in only about 20 percent of the population. And it’s not just that less people believe; it’s that there is growing hostility to religion in the EU.Slovak coin

Take for example Slovakia. The National Bank of Slovakia has ordered the removal of religious symbolism for a coin minted specifically for that nation’s celebration of the arrival of Christianity in that nation.

The coins, designed by a local artist, were intended to celebrate the 1,150th anniversary of Christianity’s arrival in Slovak lands but have instead become tokens of the faith’s retreat from contemporary Europe. They featured two evangelizing Byzantine monks, Cyril and Methodius, their heads crowned by halos and one’s robe decorated with crosses, which fell foul of European diversity rules that ban any tilt toward a single faith.

Stanislav Zvolensky, the Roman Catholic archbishop of Bratislava, that nation’s capital, is distressed by this move, saying that it shows hostility towards Christianity, which is a significant part of Slovakia’s history. Not only that, the archbishop says that Christianity has been a uniting force in Slovakia, and that should be celebrated. (more…)

The Dark Ages: that time when people knew the Earth was flat, the civilization of the Western Roman Empire had collapsed, and people basically sat around waiting for something – anything – good to happen.

Except the Dark Ages weren’t so dark after all. Anthony Esolen, professor of literature at Providence College would like to set the record straight.

Nobody teaches history in schools anyway, much less the history of Europe. They do current events, social studies. The literature of the Middle Ages is largely ignored … they’ll either do modern philosophy or jump from Plato to Descartes as if nothing happened of any important in between.

The Middle Ages (roughly the 5th – 15th centuries A.D.) have often been seen as a time of intellectual darkness between the Roman Empire’s achievements and the ascent of the Renaissance. However, Esolen wants to make known that this was a time of great human achievement in art, literature, architecture and philosophy. His five minute video gives insight into the fact that the Dark Ages weren’t so dark after all.

One of the five nuclear reactors in Chernobyl

One of the four nuclear reactors that loom over Chernobyl

Twenty-seven years have passed since the Ukrainian city of Chernobyl endured the worst nuclear power plant accident in history. In 2005, the United Nations predicted 4,000 people could eventually die from the radiation exposure, although different estimates exist. In a recent presentation at Aquinas College, Father Oleh Kindiy, a Ukrainian Catholic priest and visiting Fulbright Scholar, and Luba Markewycz, a photographer and member of the education committee at the Ukrainian Institute of Modern Art, shared insights on the current state of Chernobyl and what can be learned from the tragedy. All images in this post are copyright of Luba Markewycz.

Kindiy’s reflections on the situation include the following:

1)  “No matter how grave the technological disaster, human solidarity and support reveals the vulnerability, interconnectedness, and dream for the better in us.”

2)  “Since the times of the Enlightenment of the 17th century, the Western Civilization has believed that all problems can be solved by science and technology, but in fact besides them, there is faith, tradition, and moral responsibility that need always be taken into account. Without them, technology by itself is a loose cannon that can explode at any time.”

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If  you’re a young American adult (the 25-to-34 age range), and you have a good job, count yourself blessed. Most of your peers aren’t so lucky. The New York Times reports that “[o]ver the last 12 years, the United States has gone from having the highest share of employed 25- to 34-year-olds among large, wealthy economies to having among the lowest.”

Of course, young Europeans have been dealing with this for years. Greece, Spain and Portugal have unemployment rates between 17-27% (Greece being the highest), and the outlook is grim for most of the European Union (EU). Even taking into account that many young people may be studying or raising families and therefore not looking for full-time work, the deterioration of the EU’s economies is obvious. But it’s not just lack of jobs. As Samuel Gregg, Acton’s Director of Research, points out in his book Becoming Europe, “Europe’s social systems are under consider­able internal strain from the remorseless deterioration associated with unaffordable welfare states, population decline, low produc­tivity levels, and the preferential treatment of politically connected insiders.” (more…)

In the Wall Street Journal, Acton Research Director Samuel Gregg turns to French political thinker Alexis de Tocqueville to show how democratic systems can be used to strike a Faustian bargain. “Citizens use their votes to prop up the political class, in return for which the state uses its power to try and provide the citizens with perpetual economic security,” Gregg explains. This, of course, speaks to the current catastrophe that is the European welfare state. French workers, for example, “clearly expect the government to protect them from the economic consequences of their curious work habits,” he adds.

Some 180 years ago, Tocqueville predicted in his magnum opus “Democracy in America” that something similar would be one of democracy’s long-term challenges. Though Tocqueville never used the expression “welfare state,” he worried about the potentially corrosive effects of democratically elected governments that tried to use their powers to guarantee economic security for as many people as possible.

Democracy, Tocqueville argued, was capable of breeding its own form of despotism, albeit of the “soft” variety. He spoke of “an immense protective power” that took all responsibility for everyone’s happiness—just so long as this power remained “sole agent and judge of it.” This power, Tocqueville projected, would “resemble parental authority” but would try to keep people “in perpetual childhood” by relieving people “from all the trouble of thinking and all the cares of living.”

But here’s the catch. Many people today forget that Tocqueville wasn’t writing for an American audience. His book was for French readers and therefore, by extension, much of Europe’s 19th-century political elite. What would some of those elites today—such as a career-politician and confirmed statist like Arnaud Montebourg—make of his compatriot’s warnings?

Read “What Tocqueville Knew” in the Wall Street Journal.

And pick up a copy of Gregg’s new book, Becoming Europe: Economic Decline, Culture, and How America Can Avoid a European Future.

Blog author: jcarter
Monday, March 4, 2013
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At The American Spectator, Jackson Adams reviews Samuel Gregg’s new book, Becoming Europe: Economic Decline, Culture, and How America Can Avoid a European Future:

“Europe” is a concept Europeans are still getting used to. It should not, therefore, be surprising that it took a book written primarily for Americans to determine the sort of morass into which Western European social democracies have stepped.

In his new book, Becoming Europe, Samuel Gregg provides a detailed dissection of Europe’s economic climate and the culture that has created it. The analysis offers few surprises for anyone who has followed European news closely for the last five or so years: European governments, entitlements, and spending are out of control, and politicians cannot create the political will to do anything substantial about it. Here the topic is systematically demonstrated with facts and figures in a manner that is never boring and often insightful.

Read more . . .