How Economic Uncertainty Impacts Elections

As the US election nears, let’s explore how recent economic turmoil has shaped political shifts across Europe and its potential impact on the US elections.

In this episode of ‘The Weekly Comment’ with Richard Vague, we examine France’s unexpected election outcomes, the UK’s historic Conservative defeat, and Germany’s far-right surge. Discover the key post-pandemic economic factors driving these changes, including real wage growth, GDP, and unemployment rates, and what this means for global stability.

See also:

#election #politics #europe #unitedstates #unitedkingdom #france #germany #economy #macron #presidentialelection

[PhilKelley]

The people I know do not to be seriously upset about the economy, but when they complain about it they mention the continuing high cost of groceries and gasoline. Which makes the lack of wage increases more painful. Which brings up the CPI (Consumer Price Index), or should we say, CPI, for there are several of them. I knew an economist who explained how the CPIs are calculated. His position was, it is heavily rigged in favor of the government. I would appreciate your thoughts on this subject and especially which one do you believe is the best indicator of true price inflation (if that even makes sense - it could be "none of the above"). Thank you once again for a thoughtful presentation. I always look forward to these videos coming out every week.

[thomasjgallagher]

Well done, Richard. Timely. Immigration is a big issue in Europe and economist/centrist haven't made the argument strongly enough about why Europe benefits from net immigration. They've allowed the narrative to be dominated by the nationalists who don't really care about economic outlooks. (Maybe I've spent too much time in the Bulkan peninsula.) To folks in much of Europe, it's not about growing the pie, but only how one reslices the pie (a big part of the socialist agenda in France presently). No one on the campaign trail seems to be really concerned about making Europe more competitive. Obviously Macron has been, but it doesn't translate into public discourse. Obviously the US isn't entirely different but we're better wired to feel we have some say-so over our futures.

Contrary to what I've observed over the last ten years and what I've just written, a Hungarian minister pointed out that if this divergence between the US and EU persists, by 2030 the difference will be akin to that of Japan compared to Ecuador. I haven't had the time to check that, but it could be some of the firstnsigns of a public awareness within the EU that they're really falling behind.