Europe and North America are facing a self imposed downward spiral in the quality of life for 90 % or more of its people. There is a political standoff; a paralysis has set in where the public see nothing but angry political shouting and stonewalling while the present and future outlook is glum. And all of this has taken place while a fraction of 1% of the population are benefiting from unparalleled opulence. The wealthy few have corrupted politicians to do their bidding and the public be damned.
In the United States we see the bizarre spectacle of the rigid Tea Party financed by the reactionary cabal of the Koch brothers advocating the elimination of 100 years of social legislation. Essentially the Republican political focus is on creating a financial precipice that will cause Obama to fail. Its hatred that drives them rather than the best interest of the American public. Blinded by their hatred they are willingly or unknowingly en-route to achieving a Banana Republic status for the Nation wherein a wealthy Oligarchy runs the show ably supported by corrupted politicians and a strong military force maintaining law and order over a victimized populace. Since the Republicans controlled Congress say NO! to all forms of progressive legislation and hoping to dismantle what is left they may unwittingly succeed in realizing their Banana Republic dream. Strident right wing talk radio and Fox News, proponents of right wing agendas, fuel a confused public's anger with distortions, exaggerations and outright lies. Hate sells. The latest news is that Fox News is asking for a license to bring their right wing brand of distortions and lies to Canadian audiences. What a wonderful gift that will ensure ratings and put Canadians against each other on the hate scale.
Europe is Merkel's world. While leading nations such as the US, Canada, Japan and China are allowing their currencies to soften to improve their competitive position in the world, Merkle forbids the central bank in Brussels to issue bonds and thus the Euro remains rigidly firm, grossly overpriced and noncompetitive for the remaining Euro countries. Tea Party style austerity programs have been imposed by Merkle that are collapsing economies, causing political instability, alarming levels of unemployment, and rising public anger, despair and revolt. As for the Euro it can best be described as a work in process. The working relationships between Euro members has yet to be clearly defined so it's a zoo of uncertainty with corrupt tax havens in their midst. Lots of room for smoldering resentments and hatreds
Unregulated Globalization has unleashed financial institutions to freely pursue through outright theft the amassing of immense wealth by manipulating the price of just about everything. What is there not to hate?