Showing posts with label Recession. Show all posts
Showing posts with label Recession. Show all posts
Monday, January 18, 2010
Recession Bleeding Out Colored Revolutions
Yesterday's defeat of Ukrainian President Victor Yushchenko, who was swept into power five years ago in the country's "Orange Revolution," does not bode well for the prospect of democratic reforms in Eastern Europe. A BBC report says unequivocally that most Ukrainians "have lost faith in the power of protest." The Economist, meanwhile, leads off its coverage with a description of a website that allows people to sell off their votes. Having lived under totalitarian cynicism for half a century, Ukrainians and other Eastern European populations maintain a lingering skepticism of democratic movements, which is what made the Orange Revolution, and the Rose Revolution in Georgia, so remarkable. However, the recession has severely undermined the already-vulnerable administrations these Revolutions produced. Granted, the recession is destabilizing administrations the world over. But restoring to power a pro-Russian autocrat like Yushchenko's principal challenger, Victor Yanukovych, will have distressing geopolitical implications.
Wednesday, January 6, 2010
Carbon Tax Holdup in France Proves Recession Still Most Powerful Voice in Politics
In case anyone thought the French government was somehow more enlightened about climate change and environmental legislation than America, the news (FR) that the carbon tax originally proposed by Nicolas Sarkozy is about to be shelved should convince them otherwise. The actual politics on this are a bit convoluted: Sarkozy had initially sought a 4.5 cent tax per liter on fossil fuels, and also would have raised domestic gas bills by 7 percent. France's Constitutional Council, which must approve such measures, rejected it, ruling that the tax disproportionately affected middle class consumers and left France's biggest industrial polluters untouched. So the bill was referred back to the National Assembly for revision. Now, under pressure from Sarkozy's own cabinet officials, the Assembly is suspending indefinitely the revision process that was supposed to have occurred. As the report above indicates, these cabinet members cited the effect that a carbon tax would have on economic performance as the reason why it should be seriously reconsidered. What this demonstrates is that the true culprit behind the failed Copenhagen talks is bad timing: environmental reforms are usually best discussed after a global recession.
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