“A United States of Europe, under capitalism, is either impossible or reactionary,” predicted Russian revolutionary Vladimir Lenin in 1915.
The EU, the fragile assemblage of former colonial powers tasked with enforcing neoliberal economics under the guise of maintaining peace in Europe, appears brittle as ever as leaders in France and Germany are increasingly at odds.
“There is a huge hole in France’s budget,” notes Sylvie Kauffmann in the Financial Times. “They are left wondering how a fiscal deficit forecast at 4.4 per cent of GDP for this year, which is bad enough, has suddenly ballooned into a staggering 6.1 per cent.”
France finds itself in its precarious position after seven years of governance under President Emmanuel Macron, a former investment banker for the multinational firm Rothschild & Co.
With a slick presentation drawing comparisons to former US President Barack Obama, Macron has imposed strict fiscal discipline – on the middle class, naturally – raising the country’s retirement age, reversing hard-won labor rights and slashing social spending.
The results have been grim politically and economically, but neoliberalism is a fully non-falsifiable doctrine, its failure only prompting the imposition of more neoliberalism.
Soldiers wait on the Champs Elysees avenue during a rehearsal for the Bastille Day parade in Paris Monday, July 12, 2021 – Sputnik International, 1920, 11.10.2024
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Meanwhile Berlin – traditionally the de-facto ruling power of the European Union – is less credible than ever as it is announced the German economy will contract for the second straight year.
The country once played a leading role in imposing poverty on Greece, Ireland, and other “periphery” nations, but its luck has run out as subservience to US-backed sanctions on Russian energy have cratered its industrial base.
“France as the problem child and Germany possibly once more the ‘sick man of Europe?’ This combination does not bode well for the continent,” Kauffmann writes. “For all its ups and downs, the Franco-German tandem has always been the driver of European integration. The engine, though, has been spluttering for the past two years.”
New political actors have come to the fore amid Europe’s economic implosion, facing repression from establishment forces. In the UK, Jeremy Corbyn’s insurgent campaign was derailed by a manufactured antisemitism crisis. In Germany there is talk of banning the right-wing Alternative für Deutschland party, which has won favor criticizing the country’s foreign policy.
In France, leaders opted to simply ignore inconvenient election results as Macron bypassed the victorious New Popular Front coalition to choose a prime minister from a party winning less than 6% of the popular vote.
Protesters march with a banner that reads Popular Front, during a demonstration in Marseille, southern France, Saturday, June 15, 2024. – Sputnik International, 1920, 07.09.2024
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As nationalist tensions threaten to pull Europe apart, leaders increasingly agree only on funding for Ukraine as the country continues its quixotic proxy war on behalf of the Western Russophobic elite.
Twentieth century social democracy appears a distant dream as economic elites seize control of the state, increasingly signaling aggression against the threat posed by China and Russia’s growing multipolarity movement.
Russian revolutionary Vladimir Lenin anticipated such trends in 1915, seeing that the search for profit would pit each country’s ruling class against the rest of the world – and eventually against each other.
“A United States of Europe, under capitalism,” the theorist wrote, “is either impossible or reactionary.”
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By John Miles
Published by Sputnik Globe
Republished by The 21st Century
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