Monday, June 27, 2016

HERE WE GO AGAIN: THE GLOBAL NATIONALISM WAVE GAINS FORCE WITH BREXIT

In early April, I posted a blog sharing some thoughts about the wave of Nationalism now gaining momentum throughout the world.  Since then, a hard-line extreme right party has won seats in the Cyprus parliament; Austria's Freedom Party presidential candidate, although narrowly defeated, gained 49.7% of the vote; France's National Front is newly energized and is promoting a principle of “national priority;” Italy's anti-establishment Five Star movement candidate, Virginia Raggi, has become Rome's mayor with 2/3 of the vote in a run-off contest; and just this past weekend, the UK has voted to exit the European Union (EU), thus roiling global financial markets and causing everyone to wonder what's next for the economy and will other European nations follow suit.

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