The United States has troubles. This was the subtext of President Barack Obama’s speech at the United States Military Academy at West Point last week. The latest trouble is the raw ambition of Russian President Vladimir Putin to dominate as much of the former Soviet Union as he can.
A surge of far-right parties is about to hit the European parliament. Last weekend’s success of the National Front in France was led by the party’s leader Marine Le Pen, who pledges to take France out of an agreement that is destroying jobs and flooding towns with immigrants. Similar advances by the right are appearing in differing degrees of intensity elsewhere in Europe.
The world’s richest hedge fund manager, George Soros, says Europe’s great project, the European Union, is at risk. Even if it survives it is doomed, he says, to a period of stagnation and fragility, rendering it powerless on a world scene dominated by powerful blocs.