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Showing posts with the label “economic stagnation”

The Rearmament of Capitalist Europe

“We must understand this ‘age of rearmament’ within a geopolitical and geo-economic struggle in global disorder. Decades of economic stagnation make global competition increasingly violent, and zero-sum struggles are on the rise. Each regional bloc tries to maintain its position in the world market at the expense of other countries. This translates into new trade wars and new territorial divisions. And then there is a long list of free trade agreements to secure the supply of raw materials, massive investments in fossil energy infrastructure and migration agreements that reinforce necropolitics. The cannons should not stop us seeing the wood for the trees .” Related Nato's imperialism strategic concept Hypocrisy and savagery End of innocence

Egypt: Repression and Stagnation

“With the destruction of the Egyptian opposition and almost daily acts of state terror against the slightest sign or gesture of dissent, a repetition of the 2011 domino effect is unlikely - at least in the short run.” Sisi’s “popularity among all social classes in Egypt, including sections of big capital, has hit rock bottom. “Unlike his predecessors,  Sisi is ruling solely by coercion and  has eviscerated the civil society  and political institutions that manufacture some necessary level of consent, which is crucial for the endurance of the regime and the state.” [I have reordered the sentences] The Egyptian regime, argues Hossam al-Hamalawy , sufferes from a crisis of hegemony, continuously dependent on foreign money and complicit in genocide.