Almost two thirds of this year are gone. Where is the balance, so far, in global politics? It is summer time, so it is time for reflection.
As last December—when we asked you for the last time for a prognosis, the liberal world order, established after 1945—is in disarray. An alternative is not in sight. The American president is a loose cannon, erratic and unstable. Midterm elections may cost him the majority in at least one chamber of the House. China’s economy looks slightly more stable, but it is entangled in a trade war with the U.S. A medicine scandal is tainting the highly centralized Chinese system, so the buck has to stop at the top.
In the EU, another country is moving away from the basic consensus of the Paris Charter in 1990 – Italy. Half of voters in recent elections voted populist. An impending trade war with the U.S. is on hold, and may (or may not) commence later this year. In Russia, the soccer championship was enjoyable for many, but a much criticized pension reform is shifting the allegiances of the electorate away from the current powers. Ukraine is still not considered to have moved beyond Russia’s sovereignty. Internally, political issues in Ukraine are significant. India and Brazil are facing their own domestic issues.
Climate change is on the march. We are experiencing one of the hottest summers on record. Plastic is covering ever bigger parts of the oceans (and the earth). The big IT companies are still unsure how to address data protection demands. And how to balance the freedom of expression, and the protection against ‘hate speech’. Protectionism and mercantilism are en vogue, as are nonsense concepts such as ‘alternative reality’. The independence of media has to be defended every month.
What is your forecast for the rest of the year? What can be expected?