- 06 Aug 2022 05:16
#15241814
Hungarian President Orbán warned that the West is subjecting itself to "suicide waves" of decline in the form of self-inflicted economic wounds, mass migration and an obsession with identity politics.
Orbán Warns West is Subjecting Itself to “Suicide Waves” of Decline – Summit News
https://summit.news/2022/05/17/orban-wa ... f-decline/
Is Orbán right?
Traditionally Western Europe has had a higher standard of living than Eastern Europe, but I don't think anyone can deny the living standards in the West have been going down over last 20 years. Homelessness is rampant in the streets of Paris now, whereas it was virtually non-existent 30 years ago. There are protests in France over the declining standards of living, with rents becoming unaffordable in the Paris region (Paris is the economic hub of France where all the job opportunities are concentrated). Things have also gotten more difficult for poorer people in the U.K.
Some of the "self-inflicted economic wounds" might include really stupid economic policies, an extreme environmentalist agenda shutting many things down and placing big burdens on the economy, bloated bureaucracy, excessive and needless regulation. Mass migration, meanwhile, is driving up crime rates, beginning to cause flight out of the old traditional city areas, leading to increased rent prices, and leading to an excess of supply in the labor market, which inevitably reduces wages, makes working conditions poorer, and displacing more vulnerable younger and older workers.
The Death of Europe, with Douglas Murray, Hoover Institution
Orbán Warns West is Subjecting Itself to “Suicide Waves” of Decline – Summit News
https://summit.news/2022/05/17/orban-wa ... f-decline/
Is Orbán right?
Traditionally Western Europe has had a higher standard of living than Eastern Europe, but I don't think anyone can deny the living standards in the West have been going down over last 20 years. Homelessness is rampant in the streets of Paris now, whereas it was virtually non-existent 30 years ago. There are protests in France over the declining standards of living, with rents becoming unaffordable in the Paris region (Paris is the economic hub of France where all the job opportunities are concentrated). Things have also gotten more difficult for poorer people in the U.K.
Some of the "self-inflicted economic wounds" might include really stupid economic policies, an extreme environmentalist agenda shutting many things down and placing big burdens on the economy, bloated bureaucracy, excessive and needless regulation. Mass migration, meanwhile, is driving up crime rates, beginning to cause flight out of the old traditional city areas, leading to increased rent prices, and leading to an excess of supply in the labor market, which inevitably reduces wages, makes working conditions poorer, and displacing more vulnerable younger and older workers.
The Death of Europe, with Douglas Murray, Hoover Institution