Aug 1st 2018

Reclaiming European Sovereignty

by Joschka Fischer

Joschka Fischer, Germany’s Foreign Minister and Vice Chancellor from 1998 until 2005, was a leader in the German Green Party for almost 20 years.

 

BERLIN – After US President Donald Trump’s recent European tour – which culminated in his infamous press conference with Russian President Vladimir Putin – there can no longer be any doubt that he and his supporters want to destroy the American-led international order and global trade system.

To be sure, Trump is not synonymous with the United States. He triumphed in the 2016 election despite winning three million fewer votes than his opponent, and his public approval rating has never surpassed 50%. Still, he is the US president, and that makes him the most powerful man in the world. His actions, though often absurd and contradictory, have serious real-world consequences, particularly for America’s closest partners. During his recent stop in the United Kingdom, Trump went so far as to describe the European Union as a “foe.”

By seeking to disrupt virtually all that has defined the West since the end of World War II, Trump has brought the world to a historical turning point. At stake is not the US-EU relationship, which remains strong, but rather the West’s dominant position on the world stage. Trump is accelerating a shift in the global balance of power that will leave both America and Europe weaker in relative terms. As income and wealth shift from the West to the East, China will increasingly be able to challenge the US as the world’s leading geopolitical, economic, and technological power.

This transition will not happen smoothly. For Europe, the stakes could not be higher. The rebalancing of power that is already underway could determine the fate of Europe’s democracies, welfare states, independence, and way of life. If Europe does not prepare itself, it will be left with no other choice than to become a dependent of either America or China – Atlanticism or Eurasianism.

Europeans should not count on existing alliances and rules to offer much protection during this period. But nor can we fall back on the logic of traditional nineteenth-century power politics. The world may well be heading toward a situation in which there is no clear hegemon, and great powers constantly jostle for position. But circumstances today are very different from those of the “Great Game” era. An escalating rivalry between China and America will be anything but advantageous for the Old Continent.

For Europeans, the nineteenth century was shaped by the aftermath of the French Revolution and the Industrial Revolution, whereas the twentieth century was driven by two world wars, the Cold War, and the development of nuclear weapons. At the end of WWII, two non-European powers on either side of the old European state system – the US and the Soviet Union – asserted themselves, and Europe became just another square on the chess board.

Up to that time, Europe had ruled the world, owing largely to its technological prowess. But with the end of WWII, its dominance came to an end. Europe – and particularly Germany – was thereafter divided between the two new powers, and European sovereignty was effectively subsumed by the US foreign-policy establishment and the Kremlin.

To be sure, France and Great Britain, as the two victorious European powers, retained a remnant of sovereignty as permanent members of the United Nations Security Council (and later as nuclear-armed states). But, given the global balance of power, this was more symbolic than a reflection of their real influence.

Then came the end of the Cold War, when all of Europe adopted a staunch transatlantic orientation. In terms of security, Europe remained dependent on the US. But on the economic and technological fronts, Europeans had regained their sovereignty. Institutionally, this division of labor was manifested in NATO and the EU, respectively. It is an arrangement that has served us well; but it is now under attack by Trump.

Three developments, in particular, have given Europe reason to fear for its future. First, Trump has continued to question the US commitment to mutual defense under the North Atlantic Treaty. Second, his administration is actively undermining the World Trade Organization and the global trade system upon which much of Europe’s prosperity rests. And third, the rise of digitization and artificial intelligence now threatens to upend global technological hierarchies.

These developments are each challenging Europe’s place in the world. The question now is whether the EU will reclaim its full sovereignty and assert itself as a power on the global stage,or let itself fall behind for good. This is the moment of truth. There will be no second chances.

Only the EU can win back European sovereignty for the twenty-first century. If the task falls to traditional nation-states such as the United Kingdom, France, and Germany, it will fail. Reclaiming sovereignty will require not just enormous effort, but also a united front, and a new understanding of the relationship between the EU and its member states. The European project will continue to facilitate trade and ensure peace; but it must now also enshrine joint sovereignty.

If the EU succeeds in this task, Trump will have inadvertently done it a big favor. History sometimes proceeds in strange ways. The key is to take it as it comes, and not hesitate when the moment for decisive action arrives.


Joschka Fischer, Germany’s foreign minister and vice chancellor from 1998 to 2005, was a leader of the German Green Party for almost 20 years.

Copyright: Project Syndicate, 2018.
www.project-syndicate.org

 

 

Editor's note:

To contact Facts & Arts please write to the Editor, Olli Raade, at info@factsandarts.com

For notifications of a new article, please follow me on Twitter:  @olliraade 

 


This article is brought to you by Project Syndicate that is a not for profit organization.

Project Syndicate brings original, engaging, and thought-provoking commentaries by esteemed leaders and thinkers from around the world to readers everywhere. By offering incisive perspectives on our changing world from those who are shaping its economics, politics, science, and culture, Project Syndicate has created an unrivalled venue for informed public debate. Please see: www.project-syndicate.org.

Should you want to support Project Syndicate you can do it by using the PayPal icon below. Your donation is paid to Project Syndicate in full after PayPal has deducted its transaction fee. Facts & Arts neither receives information about your donation nor a commission.

 

 

Browse articles by author

More Current Affairs

Apr 16th 2021
EXTRACT: "When we examined the development of nations worldwide since 1820, we found that among rich Western countries like the United States, the Netherlands and France, improvements in income, education, safety and health tracked or even outpaced rising gross domestic product for over a century. But in the 1950s, even as economic growth accelerated after World War II, well-being in these countries lagged.
Apr 11th 2021
EXTRACT: "Some presidents indulge in the “Mount Rushmore syndrome” making an obvious effort to achieve greatness. Normally soft-spoken and apparently modest Biden is making his own bid for immortality."
Apr 9th 2021
EXTRACT: "New ways of thinking about the role of government are as important as new priorities. Many commentators have framed Biden’s infrastructure plan as a return to big government. But the package is spread over eight years, will raise public spending by only one percentage point of GDP, and is projected to pay for itself eventually. A boost in public investment in infrastructure, the green transition, and job creation is long overdue."
Apr 7th 2021
EXTRACT: " One can, and perhaps should, take the optimistic view that moral panics in the US blow over; reason will once again prevail. It could be that the Biden era will take the sting out of Trumpism, and the tolerance for which American intellectual life has often been admired will be reinvigorated. This might even happen while the noxious effects of American influence still rage in other countries. For the sake of America and the world, one can only hope it happens soon.  "
Mar 28th 2021
EXTRACT: "By refusing (despite having some good reasons) to end electoral gerrymandering, Chief Justice John G. Roberts, Jr., has directly enabled the paralyzing hyper-partisanship that reached its nadir during Donald Trump’s presidency. By striking down all limits on corporate spending on political campaigns in the infamous 2010 Citizens United decision, he has helped to entrench dark money in US politics. And by gutting the 1965 Voting Rights Act in Shelby County v. Holder, Roberts has facilitated the racist voter-suppression tactics now being pursued in many Republican-controlled states."
Mar 24th 2021
EXTRACT: "the UK’s tough choices accumulate, and the problems lurking around the corner look menacing. Britain will have to make the best of Brexit. But it will be a long, hard struggle, all the more so with an evasive fabulist in charge."
Mar 15th 2021
EXTRACT: "Over the years, the approach of most American policymakers toward the Israeli-Palestinian conflict has been Israel-centric with near total disregard for the suffering endured by the Palestinian people. The architects of policy in successive US administrations have discussed the conflict as if the fate of only one party (Israel) really mattered. Israelis were treated as full human beings with hopes and fears, while Palestinians were reduced to a problem that needed to be solved so that Israelis could live in peace and security.  ..... It is not just that Israelis and Palestinians haven’t been viewed with an equal measure of concern. It’s worse than that. It appears that Palestinians were judged as less ​human than Israelis, and were, therefore, not entitled to make demands to have their rights recognized and protected."
Mar 8th 2021
EXTRACTS: "XThere’s a global shortage in semiconductors, and it’s becoming increasingly serious." ...... "The automotive sector has been worst affected by the drought, in an era where microchips now form the backbone of most cars. Ford is predicting a 20% slump in production and Tesla shut down its model 3 assembly line for two weeks. In the UK, Honda was forced to temporarily shut its plant as well." ..... " As much as 70% of the world’s semiconductors are manufactured by just two companies, Taiwan Semiconductor (TSMC) and Samsung."
Mar 5th 2021
EXTRACT: "Back in 1992, Lawrence H. Summers, then the chief economist at the World Bank, and I warned that pushing the US Federal Reserve’s annual inflation target down from 4% to 2% risked causing big problems. Not only was the 4% target not producing any discontent, but a 2% target would increase the risk of the Fed’s interest-rate policy hitting the zero lower bound. Our objections went unheeded. Fed Chair Alan Greenspan reduced the inflation target to 2%, and we have been paying for it ever since. I have long thought that many of our economic problems would go away if we could rejigger asset markets in such a way as to make a 5% federal funds rate consistent with full employment in the late stage of a business cycle."
Mar 2nd 2021
EXTRACT: "Under these conditions, the Fed is probably worried that markets will instantly crash if it takes away the punch bowl. And with the increase in public and private debt preventing the eventual monetary normalization, the likelihood of stagflation in the medium term – and a hard landing for asset markets and economies – continues to increase."
Mar 1st 2021
EXTRACT: "Massive fiscal and monetary stimulus programs in the United States and other advanced economies are fueling a raging debate about whether higher inflation could be just around the corner. Ten-year US Treasury yields and mortgage rates are already climbing in anticipation that the US Federal Reserve – the de facto global central bank – will be forced to hike rates, potentially bursting asset-price bubbles around the world. But while markets are probably overstating short-term inflation risks for 2021, they do not yet fully appreciate the longer-term dangers."
Feb 28th 2021
EXTRACT: "To be sure, calls to “build back better” from the pandemic imply some awareness of the need for systemic change. But the transformation we need extends beyond constructing modern infrastructure or unlocking private investment in any one country. We need to re-orient – indeed, re-invent – global politics, so that countries can cooperate far more effectively in creating a better world."
Feb 23rd 2021
EXTRACT: "So, notwithstanding the predictable release of pent-up demand for consumer durables, face-to-face services show clear evidence – in terms of both consumer demand and employment – of permanent scarring. Consequently, with the snapback of pent-up demand for durables nearing its point of exhaustion, the recovery of the post-pandemic US economy is likely to fall well short of vaccine development’s “warp speed.” "
Feb 20th 2021
EXTRACT: "Human rights abuses under Erdogan are beyond the pale of inhumanity and moral decadence. The list of Erdogan’s violations and cruelty is too long to numerate. The detention and horrifying torture of thousands of innocent people for months and at times for years, without being charged, is hard to fathom. Many prisoners are left languishing in dark cells, often in solitary confinement. The detention of tens of thousands of men and hundreds of women, many with their children, especially following the 2016 failed coup, has become common. It is calculated to inflict horrendous pain and suffering to bring the prisoners to the breaking point, so that they confess to crimes they have never committed."
Feb 20th 2021
Courtyard of the Amsterdam Stock Exchange, circa 1670, (Job Adriaenszoon Berckheyde).
Feb 12th 2021
EXTRACT: "Global regulators will no doubt be concerned about a potential volatility spillover from digital asset prices into traditional capital markets. They may not permit what could quickly amount to effective proxy approval by the back door for companies holding large proportions of a volatile asset on their balance sheets."
Feb 11th 2021
EXTRACT: "Since Russians began protesting opposition leader Alexei Navalny’s imprisonment, the security forces have apparently had carte blanche to arrest demonstrators – and they have done so by the thousands. If Russians so much as honk their car horns in solidarity with the protesters, they risk personal repercussions. The official response to the protests goes beyond the Kremlin’s past repression. It is war."
Feb 6th 2021
EXTRACT: ".......like Biden, Roosevelt was certainly no revolutionary. His task was to save American capitalism. He was a repairer, a fixer. The New Deal was achieved not because of Roosevelt’s genius or heroism, but because enough people trusted him to act in good faith. That is precisely what people are expecting from Biden, too. He must save US democracy from the ravages of a political crisis. To do so, he must reestablish trust in the system. He has promised to make his country less polarized, and to restore civility and truth to political discourse. In this endeavor, his lack of charisma may turn out to be his greatest strength. For all that he lacks in grandeur, he makes up for by exuding an air of decency."
Feb 2nd 2021
EXTRACT: "Europe must not lose sight of the long game, which inevitably will center on China, not Russia or relations with post-Brexit Britain. China is already establishing a presence in Iran, and demonstrating that it has the capital, know-how, and technology to project power and influence beyond its borders. Should it succeed in turning the Belt and Road Initiative into a line of geopolitical stepping-stones, it might soon emerge at Europe’s southeastern border in a form that no one in the EU foresaw."
Jan 29th 2021
EXTRACT: "One sign of this change is that, unlike all recent Democratic administrations, Biden’s hasn’t paid obeisance to Wall Street by giving bankers top jobs. The new Secretary of the Treasury, Janet Yellen, is a former Federal Reserve chair and academic who has made it clear that she understands the country’s pressing social needs. Moreover, Biden consulted Warren on her economic views, and has named a former Warren adviser as Yellen’s deputy. Yellen’s appointment demonstrates that Biden shares the insight that enabled Trump’s rise: that too many Americans feel that they cannot get a fair share. "