For decades the European elites have pretended as if US integration into the progressive agenda is an afterthought on the way to a liberal Utopia. The EU has long criticized Americans as backwards in their principles and politics, while at the same time being desperately dependent on American consumers, American innovation and American military might. They simply never considered the possibility that the US might walk away from the old post-war arrangements.
Well, now it's happening and the European establishment doesn't know what to do.
ECB chief and former head of the IMF, Christine Lagarde, took to the podium at the World Economic Forum’s International Business Council in Geneva, Switzerland this week to discuss the growing uncertainty in Europe.
"Europe’s post-war growth model rested on three mutually reinforcing pillars. Today, all three are weakening as the international environment changes...."
"The third pillar was a stable, rules-based global order, underpinned by a US security umbrella. That environment allowed European supply chains to deepen, and enabled firms to organise investment around efficiency rather than resilience. Today, that global order is under pressure. Geopolitical tensions are bringing critical dependencies and chokepoints into sharper focus, while Europe faces growing security threats on its doorstep..."
The WEF and its members have been suspiciously quiet in the past two years about their globalization projects. The media coverage for the council meeting in Geneva
