Friday, December 21, 2018

eurexit long overdue

Dec. 15 in Rotterdam, Netherlands. Photo: Robin Utrecht/AFP/Getty
The Yellow Vest movement in France was triggered by a tiny increase in gasoline taxes, but it actually is a more fundamental revolt against some of the main social and economic trends striking the West as a whole.
Driving the news: The uprisings have spread to Belgium and the Netherlands (above), reflecting discontent with economics that bypass large swaths of the population, often living outside of the biggest cities.
In France, Yellow Vests have widened their protests to include blockading a rural mall that has taken away business from Main Street, and overrunning a private tollbooth on a public road, reports the NYT's Michael Kimmelman.
  • In an exceptional profile of the situation, Kimmelman crystalizes the French crisis as one of mobility: people have trouble physically getting to work unless they have a car because public transportation has been cut back, and their social mobility has been reduced by the way the economy has developed.
"It is a crisis of dignity. It's a pride movement," said Celia Belin, a fellow with Brookings, speaking to Axios by phone from Paris.
  • "There used to be the equivalent of the American Dream — the French Dream, based on a meritocracy allowing everyone to rise," she said. "But the French Dream has been shattered.

No comments:

Post a Comment