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Europe had Nazis. Like a cancer, they needed radical excision. We know that relapse requires urgent aggressive management.
I guess Europe should have been blackmailing our politicians with trafficked children
The US in a nutshell, Fool me once, shame on you, but teach a man to fool me and I shall be fooled for the rest of my life.
No wonder European states and companies everywhere are looking into detachment plans. Germany is switching to Linux. And I'm sure they'll be able to sell their infrastructure and knowledge to other countries looking to make the switch as well.
No shit... threaten to invade an ally, what did they expect? and in my opinion, not enough backlash still
The backlash is still happening. IMHO this is better than a knee jerk response.
Question is what they're going to do about it, though.
The EU is just about as integrated with the US economy as any two continents can be. Nevermind the US military presence.
Is that going to change? Or will Europeans just feel grumpy into the foreseeable future?
That's going to be a long period of untangling and retracting. But the goal for now isn't too disentangle completely. It's not a hot conflict yet. It's to get enough manoeuvering space and alternatives in place that if the USA threatens, they can't threaten critical things and shifting to other suppliers is easily done.
will Europeans just feel grumpy into the foreseeable future?
Speaking as a middle aged Dane with anti-authoritarian and antimonarchist views, that'll DEFINITELY be the case regardless 🤷
US power stems directly from its dollar position. Its status as reserve currency is a force multiplier. The immediate step is to reduce exposure to it, which disproportionately reduces US power in the short term.
The longer this goes on, the more systems decouple from the USA and correspondingly the less power and influence they have.
US power stems directly from its dollar position.
Soft power stems from its ability to cut individual nation-states off from global trade. But if you take a hard look at, say, North Korea or Cuba or Venezuela or Iran, you'll notice that it's not simply access to legal international markets that causes their poverty. These countries are physically encircled by US military. Cuba, in particular, is ringed in by US warships with an entrenched beach head at Guantanamo Bay.
And it goes without saying that these countries are constantly under threat of espionage, plagued by disinformation, and periodically sabotaged by US special forces.
The dollar position is a consequence of these interventions, dating back to the Cold War Era.
The longer this goes on, the more systems decouple from the USA and correspondingly the less power and influence they have.
It's been going on since Truman. Arguably back to McKinley. The US has been a fountain of militant white nationalism for centuries.
Meanwhile, European corporate media seems vastly more paranoid and fearful of infiltration by Eastern adversaries. Muslims coming up through Turkiye or crossing north of the Mediterranean. Russians driving tanks all the way from Moscow to Berlin. Chinese businessmen stealing European jobs, Orientalizing markets, and corrupting the fragile innocent young minds of the liberal intelligentsia.
I just don't see decoupling happening (in my lifetime). Trump will lose his grip on power, US neoliberals will retake the federal government, and we'll have another wave of "normalization" that settles anxious Europeans just long enough for Palantir and News Corp and JP Morgan and Microsoft to secure their hooks a bit deeper.
I just don’t see decoupling happening (in my lifetime).
This is a bit of a "all or nothing" fallacy. It admits to degrees. It's like someone saying that they can't be vegetarian because they like bacon. Dude, just cut out everything except bacon, it's fine.
Countries reducing their exposure to USD is still a good step, given how unreliable a partner the USA has been the last decade. You don't have to fully dump all your USD bonds to add resilience to your financial system.
I don't see "normalization" with Canada happening after trump has gone. Sure, relations will improve but the distrust will last for decades and there will continue to be a divergence economically, militarily, and culturally. We can never again allow ourselves to be integrated with another country to the point of dependency.
What can an ordinary person do about this? I moved my savings to ETFs that specifically exclude the US the moment Trump was elected. But my debit card is connected to Mastercard and there's no europan alternative in my country. Or is it more about the big picture and not what I personally do or avoid?
It's definitely something that needs to be attacked at a systems level, not a personal one. Divesting your own investments is a small step. Writing your MP is another step. Telling your union's retirement fund that you'd like them to divest is another step.
Many raindrops make an ocean, I suppose. But there are some people who control rivers that we can influence in a small way.
Putin and Netenyahu both will be thrilled. A US unconstrained by NATO consensus is a much more effective slave for Israel, and Putin can do more land theft and bullying. Official Israel policy is to balance both the US and Russia and not pick a side.
This generations Iraq war moment?
Nah, the Danish population was overwhelmingly against the Iraq war, but the government of Anders Fogh was every bit as obsequious towards the US as Blair's in the UK.
Whether or not they're going to do anything concrete about it, this time it seems that our government is at least SOMEWHAT on the right side of history along with us on this one thing.