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"Financial Times" Hangs Tough

The newspaper of the corporatist, globalist, financial elite is reassuring its readers that the European Union will hang tough in the face of an economic downturn and a cold winter. There will be no backtracking on sanctions against Russia among European Union members.

Maybe so. But there is obviously anxiety about what might happen in Italy after the elections in September. A right-wing populist coalition is poised to take power. Will it join Orbán in calling for negotiations with Russia and an end to the ratcheting up of sanctions? The FT is concerned, but seems sure that Italy will continue to hold the line. That might well be true. Salvini has talked a lot in the past, but has invariably overpromised and underdelivered. Giorgia Meloni, who appears to be the likely next prime minister, has been supportive of Draghi's policy on Ukraine. That may change once she takes power, but I wouldn't bet on it.

The truth is the enormous European and American intelligence and security apparat will go into action against any possible right-wing populist Italian government. There will be sudden revelations of "scandals": we will hear about illicit payoffs, wiretapped embarrassing conversations and skeletons in the cupboard from years back. Get set for immediate fights, resignation threats and walkouts from the ruling coalition. The national security state has always known how to keep politicians in line--particularly in Italy. Who knows? Within a few months, Draghi might be back, and the populist victory will turn out to be as hollow as the one in March 2018.

https://archive.ph/pr5TZ

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TG 2206: Last Chance For Peace: Melania Holds Court, Trump Meets Putin's Envoy

George Szamuely and Peter Lavelle discuss the latest diplomatic maneuverings ahead of the big trilateral U.S.-Russia-Ukraine meeting next week in Abu Dhabi.

00:49:33
November 06, 2026
TG 2205: The Post-Trump Era Begins

George Szamuely and Peter Lavelle discuss the aftermath of the GOP debacle, and try to chart the course of the new, post-Trump era.

01:01:19
November 04, 2026
TG 2204: Virág Gulyás: Hungary Has Succumbed To The Politics Of Gen Z

George Szamuely sat down for a conversation with political journalist Virág Gulyás about latest developments in Hungary and Europe.

01:01:37

Look at this.

The odds of the AI bubble bursting are increasing at Polymarket, now up 27% after yesterday's trillion dollar wipeout.
Citat
Polymarket Money

@PolymarketMoney
·
6 nov.
BREAKING: Odds of an AI bubble collapse by mid-2027 surge after the Nasdaq 100 suffered a record $2.3 trillion wipeout in a single day.

27% chance.

US is a power in accelerated decline...
NEW: Turkey halts Turkmen gas imports via Iran under US pressure - Turkish energy minister says US sanctions concerns prevented Ankara from resuming supplies through Iranian infrastructure

The AI layoff gamble is backfiring.

Companies that rushed to replace workers with AI are now cleaning up the mess, per The Guardian.

Meta scaled back plans to cut staff and use more AI agents after employees spent growing time cleaning up the agents’ technical and security errors. It’s now rehiring managers.
Microsoft and McKinsey are limiting employee AI use as costs pile up.
Walmart workers say AI scheduling and task tools set impossible standards and generate false alerts.

The payoff isn’t showing up: 90% of executives say AI hasn’t yet boosted productivity at their companies, per an Atlanta Fed working paper.

Yet more than 112,000 US job cuts this year have cited AI, per Challenger, Gray & Christmas.

January 21, 2023
More Leftie Than Thou
"Jacobin" Magazine Celebrates A Strike Against Ol' Blue Eyes

Here at "The Gaggle" we have very little time for the "more Leftie than thou" school of thought--that's the approach to life according to which the only thing that matters is whether you take the right position on every issue under the sun from Abortion to Zelensky. No one in the world meets the exacting standards of this school of thought; any Leftie leader anywhere is always selling out to the bankers and the capitalists. The perfect exemplar of this is the unreadable Jacobin magazine. 

The other day I came across this article from 2021. It's a celebration of trade union power. And not simply trade union power, but the use of trade union power to secure political goals. Of course (and this is always the case with the "more Leftie than thou" crowd), this glorious, never-to-be-forgotten moment on the history of organized labor took place many years ago--in the summer of 1974 to be exact. Yes, almost half a century has gone by since that thrilling moment when the working-class movement of Australia mobilized and prepared to seize the means of production, distribution and exchange. 

Well, not quite. Organized labor went into action against...Ol' Blue Eyes, the Chairman of the Board, the Voice; yes, Frank Sinatra. Why? What had Sinatra done? Sinatra was certainly very rich, and he owned a variety of properties and businesses. But if the Australian trade union movement were, understandably, searching for the bright, incandescent spark that would finally awaken the working class from its slumber there were surely richer, greedier, more dishonest, more decadent, above all more Australian individuals it could have discovered. Australia was never short of them. Rupert Murdoch immediately springs to mind. Why Sinatra?

 

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