How the Sluggish Global Economy provokes Radicalization

The technologies advance in all spheres and the Internet keeps people around the globe informed, while the economy underperforms in most global markets. The ideology of the trickle-down Capitalism could not prevent or shorten the 2001&2009 recessions, neither it can boost the anemic post-recession recovery in the European Union, the Middle East, Africa or South America, (if realistically, a recession with limited less than 1% growth constantly sinking under water markets could be considered over). Simultaneously, the growing inequality concentrates highest percentage wealth into smaller number of ultra-rich ravaging the middle-class, wherever it is succeeded, or not providing condition for establishing one. Under such conditions, it becomes natural for the dark human forces that prompt discrimination, nationalism, and narcissism to bloom.

There is a plenty of economic data to support appointed statements; however, the effect of these developments on the rising radicalization is not researched to its full extend. The world media tend to politicize global instabilities: the Arabian Spring, the ISIL, the Crimea’s take over, e.g. are either associated with harsh regimes such as the Mubarak’s in Egypt, Khadafy’s in Libya, or the US war on terror in Iraq and Afghanistan, or the religious phantasm such as ISIL and Al-Qaida, or the Mr. Putin policies in Russia. However, very few journalists or economists attempt looking beyond the obvious into the fundamental reasons for such profound radicalization of religious, nationalistic, and other ideas that remand such disharmony instead of the prevailing ideas that the world is a better place, where generally, genocide, cruelty, aggression are attitudes of the past in a matured humanity.

Even when US led Coalition waged war on Saddam Hussein in Iraq, or on Al-Qaida in Afghanistan, the idea was to instigate “good” over “evil”, democracy over dictatorship and phantasm. Certainly, the ideas of liberties, human rights, and righteousness were the Coalition’s standing-points in decision-making: from the political to down on the field strategic ones. Humanitarian approach, even in time of war was considered paramount.

The cruelty with which ISIL treats their enemies, chopping heads and raping girls even when many well educated and “civilized” ISIL participants came from all over the developed world, or the self-centered Russian aggression by occupying Crimea and by provoking unrest and mingling with their neighbor Ukraine’s territorial integrity that already cost thousand of killed are considered uncivilized and unthinkable; The noble ideas widely accepted, obviously are not a status-quo,

Historically viewed: the a Half-Century bettered economically world created for themselves an illusion of invisibility, but when the global economies slammed casual the last 2001&7 Recessions and the following slow recovery (if such could be called recovery) by bringing insecurity and poverty to many, the world remand aggression and radicalism to hound our sense of justice.

The recession slam that was instigated by the:

1) Imbalance in real estate overcapitalized prices;

2) Slow down in industrial production and related industries casual of the ongoing globalization and rising productivity;

3) China’s super-industrialization and the outsourcing and moving of industrial production from the developed economies to elsewhere;

4) Internet and the Twitter, Facebook, and etc networks;

5) Earth pollution that affected weather-prompting extremities.

The developed economies from UK and US to China and Japan dealt through unorthodox economic policies of quantitative easing, subsidies, fiscal stimulus, targeted investment packages into infrastructure and business development to boost their growth, and with idea that their success will improve the global economy. Many of Emerging Markets (China not included) were constrained from pursuing counter-cyclical measures by the WB and IMF, or by the European Union in case of their members and associate members. EU, under Germany, followed and continues the trickle-down budgetary economics of austerity measures (pro-cyclical by nature) resulting in prolonged in-and-out recession and a very limited “recovery” (as the data shows).

What the global market experienced, because of these pro-cyclical policies, is extreme stagnation, lack of growth, high unemployment, and solid retraction from the humanitarian values that had been built for a Half of Century, up to the beginning of this one. The discriminatory immigration policies loomed in the US, France, UK, e.g. steering nationalism, however, the most economically affected areas of the Middle East, Africa, and Eastern Europe, e.g. exploded out. There is a straightforward interrelation between the economic upheavals ravaging most markets around the globe by invoking the dark human sides and the emerging conflicts. Targeted economic actions are required to prevent their expansion, indeed. It is of high importance for the most developed economies and China, WB and IMF to start acting responsibly in promoting global economic development, also environmentally friendly one, but not rely on the “old” system of the so called orthodox economics.

