Trump, our post-modern 1930s and DiEM25’s moment

…we are at a crossroads… change is inevitable… to ensure it is not… [as] in the 1930s, we need movements to spring out and forge a Progressive International… into the service of humanism.
Trump’s… presidency [is] a defeat for liberal democrats…
[2008] was our generation’s 1929… Central Banks [could not] resolve the crisis… The result [is] Deflation… this environment results in xenophobia, racist populism… Trump [is a] reflection of a Nationalist International… [not] seen since the 1930s.
A Progressive International [is needed] that… promotes inclusive humanist internationalism…the Democracy in Europe Movement… is encouraging progressives… [in the US], Canada and Latin America to band together into a Democracy in the Americas Movement.

Yanis Varoufakis

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[Originally published here]

The election of Donald Trump symbolises the demise of a remarkable era. It was a time when we saw the curious spectacle of a superpower, the US, growing stronger because of – rather than despite – its burgeoning deficits. It was also remarkable because of the sudden influx of two billion workers – from China and Eastern Europe – into capitalism’s international supply chain. This combination gave global capitalism a historic boost, while at the same time suppressing Western labour’s share of income and prospects.

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