All in ECONOMICS

Max Weber

“If you want to see the fate of democracies, look out the windows”. This line, of Fallout New Vegas’ Mr House, is quite the rhetorical statement. After all, the player can only ponder in shock, whether the destitution of the radioactive wasteland that Fallout New Vegas takes place in is the result of representative government. Is it? What are the shortcomings of democracy, and why does it seem that democracies, despite being, as Churchill put it, “the worst form of government except all those that have been tried”, seem to sometimes yield such unsatisfactory results? Perhaps it has nothing to do with the form of government itself, but like in many such cases, the corruptibility, irrationality, and blindness of human tendencies

Advice for the West from Kishore Mahbubani

Markus Formel

Kishore Mahbubani is a Singaporian intellectual, writer, civil servant and diplomat. He has written more than half of the dozen books and he served as a member of Singapore´s mission to the United Nations and was its president of the security council. In his book Has the West Lost it has pointed out a new strategy for western nations for the ages after the Western domination of the world’s - military and intellectual. Autor praises the Western philosophy for the destruction of feudalism, which has plagued the population of the World for centuries on every continent. determining the way of life of each individual before he was even born to his state on his deathbed. However, he points out that the age of Western domination is over and the West haven't even noticed.

The EU, a dethroned Prince?

Markus Formel

A year ago the European project was heading for the first place in the echelons of the world of politics. The United Chaos of Donald Trump and the never-ending Brexit talks with the United Kingdom resulted in a power-vacuum of the standard superpowers, which the EU was happy to replace. However, the first dents in the European tent had started to appear. The bleak response to the Hong Kong security law and the Uighur deportations only raised the finger of European diplomats, with few condemning tweets and press releases. The poisoning of Alexey Navalny and his detention and sentence of 3.5 years is, as of today, only being met with a raised finger, press releases and threat of sanctions.

Europe's Second Pandemic

Markus Formel

Europe has a problem. The sickness of political unwillingness to reform, even slightly, has put us on our deathbed. The indebtedness of large European economies, with the largest political leverage - France, Italy, Spain, has combined dangerously with a wide dislike for reforms. Europe needs to solve this on the local level and the European level, or it will perish. European unwillingness to change was demonstrated long before the Corona-crisis.