Wednesday, April 14. 2010Mutual DisappointmentPosted by Joerg Wolf in German Politics, Transatlantic Relations on Wednesday, April 14. 2010 Chancellor Merkel is traveling across America this week. She loves the United States, but she is still having trouble connecting with Barack Obama, writes Spiegel International (HT: David). The media loves to personalize politics. I think at the end of the day the problem is not the personal relationship between Obama and Merkel, but its structural. After long descriptions of the well-known differences in Obama's and Merkel's style of politics, Spiegel comes to the same conclusion in the end:
Sunday, April 11. 2010Europeans Are "a Pack of Pagan Losers"Posted by Joerg Wolf in Transatlantic Relations on Sunday, April 11. 2010 "A spectre is haunting Europe-the spectre of Communism." Those were the words of Karl Marx and Friedrich Engels in 1848 and their predictions turned out to be highly accurate, as we all know. Now the spectre of communism is haunting America and the end of the world is near. The conservative media is scared shitless by this spectre and accuses Obama of turning the land of the free and the home of the brave into Russia/Europe/communism/socialism. For instance, Jonah Goldberg, editor-at-large of National Review Online, writes in Townhall (via No Pasaran): "The recently passed health-care legislation is the cornerstone of the Europeanization of America." Like "Amerikanische Verhältnisse" (American conditions) in Germany, the "Europeanization of America" is an increasingly popular catch phrase for fear mongering ("The Europeanization of America", Atlantica: A Threat to American Freedom, "If It's From Europe, Forget It" and Other Comments on Health Care). Apparently the US conservative media needs to resort to fear mongering in order to attract an audience and advertisements from big companies. Capitalism is the excuse to exaggerate and insult. Americans live in the harsh reality of a free market economy and are not living the sheltered lives of 7 year old kids as we Europeans do, according to Goldberg:
Continue reading "Europeans Are "a Pack of Pagan Losers"" Wednesday, April 7. 2010Debt Will be More Manageable with Smart Tax CutsPosted by Editors in International Economics on Wednesday, April 7. 2010 Atlantic Review appreciates that two Wall Street Journal contributors respond to our blog post on their article. George Pieler and Jens Laurson took issue with the French finance minister's claim that German productivity ails Europe's economy. Joerg Wolf agreed with their criticism in Atlantic Review's post Germany as Maya the Bee, but expressed disagreement on the issue of tax cuts, even though that was not a central part of their article. Jens Laurson and George Pieler have now submitted the following riposte, which we appreciate and are happy to post here:
Mr. Wolf makes three points which we should like to examine; hoping to clarify an evident misunderstanding that has arisen. Mr. Wolf says Germany has been advised to cut taxes "especially of top earners, over the past twenty years. Such advice is neither helpful nor original and creative." Well, neither originality nor creativity was our intent, nor is that an argument against the argument. The question is, whether it is good advice. Certainly if it is such oft-repeated advice there must be something to it? For the record, we think cutting taxes is good-indeed essential-advice. This is partly because Germany has one of the highest top personal tax rates in world (47%). More worryingly, the German state absorbs nearly half the nation's GDP which means an astonishing, if hidden loss of productivity. This formula has worked for Germany so far, a reflection of popular acceptance of high taxes in exchange for government-guaranteed income security programs. We don't think that will work so well in the future, though. The German tax cuts over the last two decades Mr. Wolf mentions, in any case far outweighed by the tax increases in the same time, are irrelevant to this discussion. Continue reading "Debt Will be More Manageable with Smart Tax Cuts" Monday, April 5. 2010Obama Does Not Have International FriendsPosted by Joerg Wolf in Transatlantic Relations, US Foreign Policy on Monday, April 5. 2010
Before you dismiss these observation because the author is a neocon, check out the Roger Cohen's NY Times article, which describes Obama's disconnect with traditional allies in much stronger words: Continue reading "Obama Does Not Have International Friends" Germany as Maya the BeePosted by Joerg Wolf in German Politics, International Economics on Monday, April 5. 2010
Laurson and Pieler criticize the "concept of economics as a zero-sum game, i.e. France may only gain at Germany's expense" which "is so woefully outdated that one must wonder how Europe ever got as far is it did, economically. It utterly disregards the fact that competition doesn't weaken but strengthens economies." Continue reading "Germany as Maya the Bee"
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