The world is currently in the midst of a newly aggressive drive to bring about a new socialist order through a powerful and “efficient” technocratic state. This new order has been labeled as “progressive,” but it is merely the latest version of the socialist impulse which we have seen before in the form of socialism and communism.
The Economic Sentiment Index of the European Commission for August shows that the recovery of the European economy is slowing down. Not only has the pace of recovery slowed significantly, but the data for Spain reflected evidence of being the only economy in the euro area where the index fell compared to July. If we look at the Organisation of Economic Co-operation and Development (OECD) leading indicator index, the evolution is also worrying.
With the recently issued Great Barrington Declaration, the antilockdown movement has received a shot in the arm.
The proposal, introduced by three prominent epidemiologists and scientists at a summit sponsored by the American Institute for Economic Research, seems to offer a welcome alternative to current policies of blanket lockdowns.
Today’s Western institutions have long been deemed to be sacrosanct. As a matter of fact, though, nation-states are increasingly met with reservation or even outright resentment. Public trust in government is near historic lows, and pillars like the media or democracy are suffering from a loss of confidence.
Over the past thirty years, India has experienced some periods of economic liberalisation, but the country still retains many aspects of its former periods of widespread state control of the economy.
