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May Day Mayhem – Discontent on the Continent

All over Europe not only religious and national holidays are observed, but also a socialist holiday, which we always thought was a bit strange – and in a way quite telling (as far as we know, there is no holiday celebrating the free market). Traditionally the rank and file comrades tend to gather around their leaders on May Day, waving their party-approved banners  and dutifully applauding at the appropriate moments. Not anymeure, as Clouseau would say.

einig-in-der-ablehnung-aufThe sign says: “Lying press, system of lies, scandal” – in Germany these demonstrators are somewhat condescendingly referred to as “Wutbürger” in the mainstream press (i.e., “angry citizens”). The term essentially implies that while they’re momentarily irate, they have no plan anyway, and can be expected to calm down again soon enough. This seems to have succeeded in making them even more angry.     Photo credit: IMAGO

In several European countries the political situation is deteriorating at warp speed lately. We say “deteriorating” not because we commiserate with the establishment figures that have come under pressure, but because the alternatives are usually not exactly appealing either (more on developments on this front in a follow-up post).

Here is a scene from May Day celebrations in Austria, that must surely have shocked the country’s political elite. Socialist chancellor Werner Faymann and the bigwigs of his fast-shrinking party found themselves confronted with a rather unusual May Day crowd. This was actually the second shock for the establishment in a very short time – the first was delivered on occasion of the recent presidential election.

The video shows Faymann delivering his traditional May Day address, which is essentially a sequence of socialist platitudes like every year – only garnished with occasional references to “difficult times” this time around.

…click on the above link to read the rest of the article…

#ResistFinance

#ResistFinance

It may just be fitting that today is May Day, the old remembrance of the once “great” destructive force of international communism. Of course, it still resonates largely because its proponents view it from the standpoint of actual purity. Stalin, you see, never really practiced it; as such it has supposedly never really been tried. Repeating that lie long enough has left generations susceptible to the same cowing interpretations.

Normally, these fascinations with Marx and Marxism are left to the ivory towers of academia, who have apparently taken heart to the KGB’s “liberation ideology” and brought it to America’s college youth. I don’t mean for this to be such a political discussion, but it is somewhat unavoidable. After all, one of the most trending topics on Twitter earlier this week, just in time for May Day itself, was #ResistCapitalism.

The open spaces for this backlash are provided neatly by the recovery that doesn’t exist outside of various DSGE and GARCH models central banks employ to tell us how well they have done. Today’s youth are being inundated with Marxism that once appeared ridiculous in obviousness, but now contains, seemingly, some righteous prescription. This is not just “inequality” but it isn’t apart from it either, as stock bubbles and the very real lack of wage opportunity sharpen this great sense of divide.

 

From the perspective of anyone who appreciates actual freedom and free markets, there is an easy answer to the problem – that all these neo-socialists that don’t appreciated the irony of being “afforded” the opportunity to resist and renounce capitalism by all its very successful fruits. They are confused over the nature of capitalism itself, as maybe should not be so unappreciated or unexpected since it has been buried for some decades now. 

…click on the above link to read the rest of the article…

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