A Quick Look at the 21^st Century So Far

by Drieu Godefridi  •  February 9, 2024 at 5:00 am

• If you add to this the European Union's obsession with the environment, which has become little more than a machinery for imposing constraints, vexations, punishments and taxes in the name of "energy transition", it appears that stagnation is a problem from which Europe might have the greatest difficulty in freeing itself.

• China talks tough about Taiwan, but seems leery of using its considerable military force if it can count on the US failing to respond.

• Above all, the Chinese regime is a ruthless dictatorship in which people and their property disappear, and there are no mechanisms for peaceful reform.

• If there is a single element of the American system that Europe should replicate, it is this flexibility in the labor market.

• Will that never happen? No, of course not. That is why Europe will continue to stagnate, while America, despite all its current difficulties, opens up the way of the future.

• If the economic and geopolitical facts examined here are anything to go by, the 21^st century will be more American than ever.

(Image source: iStock/Getty Images)

We are not quite a quarter of the way into the 21^st century, but already a few clear structural trends have emerged, even if it is impossible to predict the next "black swans" -- radically unpredictable events with far-reaching consequences – that might occur. Here are four of the trends.

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