What Europe Doesn't Need the Euro , by the firebrand writer Thilo Sarrazin, means for Germany.
Thilo Sarrazin poses with his new book. (Reuters)
It's hard to think of a good American equivalent to Germany's Thilo Sarrazin, the politician turned best-selling author. The closest one could be Pat Buchanan: in some circles, he and his writings are considered entirely legitimate. In others, they're considered shocking and revolting to the point of scandal. The last time that Sarrazin, the former German central bank director, wrote a book, he suggested that African and Middle Eastern immigrants were destroying the country, in part because of "hereditary factors" that made their children stupid and violent. He suggested educated Germans out-breed them. Controversy raged for months.
Now, Sarrazin is addressing the euro crisis. Tuesday, his new book Europe Doesn't Need the Euro, hit the shelves. If you're just paging through idly, it doesn't seem to be as provocative, and, on balance, it really isn't: you'd expect as seasoned a provocateur as Sarrazin, especially with his leanings towards ideas of ethnic and educational superiority, at least to say some obnoxious and offensive things about Greek people or their ability with a balance sheet. He doesn't do that. The book, nevertheless, has immediately drawn fire -- and with good reason.
If it's hard to think of an American equivalent for Sarrazin the man, it's not too hard to think of an analogy for Sarrazin's book: it's like the schoolboy's tame little poem that turns out to be an acrostic spelling out a vulgar suggestion regarding the schoolteacher's mother. Many of the paragraphs are entirely reasonable, picking apart the questionable logic of Germany's euro-savior syndrome with remarkable dexterity. But Sarrazin's underlying message is this: Germans are being taken for a ride by countries that aren't holding up their end of the bargain -- and Germans are willing to go along with it because they feel guilty about the Holocaust.
The theme is a subtle one. Though Der Spiegel ran a story on publication day pointing it out, to see it you have to be thinking about European history, current European dynamics, and Sarrazin's own reputation. The far-right National Democratic Party in Germany was quick to praise the new publication, but Sarrazin throws in a few (some might say token) lines clearly intended to distance him from some of the nastier figures he appeared in bed with in his last book. One such line comes as he pushes back against German Chancellor Angela Merkel's pronouncement that "if the euro fails, Europe fails":
Angela Merkel has been wildly successful with the formula "if the euro fails, Europe fails," as no one in Germany, aside from a couple of German nationalists and right-wing populists, wants to be responsible for the failure of Europe.
In other words: "ew, those nasty German nationalists and right-wing populists. That's not me. And it's not most people. That's why Merkel's phrase works." Sarrazin distances himself from the far-right while setting up his argument.
Nevertheless, this is a little bit, like an American treading awfully close to a racial stereotype while prefacing his statement with "now, I don't want to be called a racist." Why? Because what Sarrazin is really saying is that Germans are hostage to their sense of not wanting to be responsible for Europe's failure. Germans are hostage to their sense of historical guilt. To use Der Spiegel's translation for one of the pre-publication excerpts, pro-euro Germans "are driven by that very German reflex, that we can only finally atone for the Holocaust and World War II when we have put all our interests and money into European hands."
Heady stuff. Is it representative of the whole of the book? Not exactly -- the whole of the book says much less about the Holocaust than that excerpt would suggest. But does the excerpt fit in with the book's broader architecture? Definitely.
"Europe Doesn't Need the Euro" is a book obsessed with both history and with an odd and alternating sense of German victimhood and saviorhood. And in some ways it's this broader approach which is more problematic. The euro, in Sarrazin's view, is just the old German deutschmark extended to a lot of countries with less robust currencies. And that is exactly how countries like Greece treated it, he argues.
The introduction of the euro was seen economically as nothing less than the commitment of the deutschmark to all members of the eurozone. Oftentimes many partner states thought, just as the markets did, that the deutschmark currency zone was bound up with a promise of solidarity to the newly introduced members.
Germany, in other words, is being used as a guarantor of other countries' debts. According to this view, the euro is the old deutschmark, renamed and redistributed as an act of semi-conscious misguided German charity.
This is a tricky view to advance, not least because Sarrazin has some sidestepping of his own to do: he admits in the book that he himself became a euro convert in the '90s. He writes the euro off, however, as a sort of failed bet. ("With the advance payment of the common currency," he says, "the German political class bet that the political union would follow shortly thereafter almost as a matter of natural law, because without that the common currency wouldn't be stable. That bet has failed.")
It's also problematic, though, because some economists and commentators hold that Germany actually profited quite a bit from the introduction of the euro, and is in fact even profiting from the current eurozone instability. The theory isn't without its detractors, but it's got enough support to be taken seriously. German exports, this argument goes, became extra competitive with the introduction of the euro and the lack of trade barriers allowed Germany to sell huge quantities of stuff to its European neighbors. Now, with the euro sinking, Germany can't sell as much to completely bankrupt and unemployed Greeks, but it's still cranking out products which, thanks to a fallen euro, are now cheaper for the rest of the world to buy than if Germany had stuck to the deutschmark.
Sarrazin counters with numbers showing German trade to non-euro states rose farther than trade with euro-states. But, as Der Spiegel also points out, "he doesn't factor in that the increase in trade outside the euro area was largely due to soaring economic growth in Eastern Europe and Asia over the last decade." Furthermore, "the figures give no insight into how trade inside the euro zone would have developed without a single currency."
What we're left with is a book that has some superficial similarities to Günter Grass's controversial poem about Israel and Iran back in April, though Sarrazin's economic credentials are significantly better than the poet's foreign policy credentials. It's not that the arguments themselves don't have merit. It's that the author doesn't seem all that concerned with complexity. Toss in a casual suggestion that Germans are suppressing their natural reactions due to Holocaust guilt, and the whole thing starts to look offensive -- not least because the Holocaust argument reinforces the idea that the debate isn't really a complex one: implicitly, were the Holocaust shadow banished, everyone would come to the same conclusion as the author, because it's the only rational and natural conclusion available.
The really provocative and revealing part of Sarrazin's book isn't the oft-repeated quote about Holocaust guilt, it's sentences like, "It's certainly very complicated, but on the other hand not as complicated as many want to make it!" or "Everyone who has an opinion on the euro also has either consciously or unconsciously an opinion on Europe." It's sentences comparing Angela Merkel to "the friendly woman on the navigation system in my car."
These sentences reveal that, despite his dismantling of Merkel's "if the euro fails, Europe fails," Thilo Sarrazin himself thinks in similarly tidy phrases. Outside of Sarrazin's head, it is possible to have an opinion on the euro and have no idea whether Greeks are fundamentally culturally and ethnically similar to Frenchmen. It's possible for Germany both to have profited and to be suffering for its part in instituting the current euro zone apparatus. And it's possible for uneducated immigrants to produce the next generation's engineers and poets -- and, even if they don't, to be no more or less morally deserving than ethnic Germans with a university degree. Thilo Sarrazin's two books, when you get down to mechanics, aren't all that different.
It’s a paradox: Shouldn’t the most accomplished be well equipped to make choices that maximize life satisfaction?
There are three things, once one’s basic needs are satisfied, that academic literature points to as the ingredients for happiness: having meaningful social relationships, being good at whatever it is one spends one’s days doing, and having the freedom to make life decisions independently.
But research into happiness has also yielded something a little less obvious: Being better educated, richer, or more accomplished doesn’t do much to predict whether someone will be happy. In fact, it might mean someone is less likely to be satisfied with life.
That second finding is the puzzle that Raj Raghunathan, a professor of marketing at The University of Texas at Austin’s McCombs School of Business, tries to make sense of in his recent book, If You’re So Smart, Why Aren’t You Happy?Raghunathan’s writing does fall under the category of self-help (with all of the pep talks and progress worksheets that that entails), but his commitment to scientific research serves as ballast for the genre’s more glib tendencies.
A professor of cognitive science argues that the world is nothing like the one we experience through our senses.
As we go about our daily lives, we tend to assume that our perceptions—sights, sounds, textures, tastes—are an accurate portrayal of the real world. Sure, when we stop and think about it—or when we find ourselves fooled by a perceptual illusion—we realize with a jolt that what we perceive is never the world directly, but rather our brain’s best guess at what that world is like, a kind of internal simulation of an external reality. Still, we bank on the fact that our simulation is a reasonably decent one. If it wasn’t, wouldn’t evolution have weeded us out by now? The true reality might be forever beyond our reach, but surely our senses give us at least an inkling of what it’s really like.
Nearly half of Americans would have trouble finding $400 to pay for an emergency. I’m one of them.
Since 2013,the Federal Reserve Board has conducted a survey to “monitor the financial and economic status of American consumers.” Most of the data in the latest survey, frankly, are less than earth-shattering: 49 percent of part-time workers would prefer to work more hours at their current wage; 29 percent of Americans expect to earn a higher income in the coming year; 43 percent of homeowners who have owned their home for at least a year believe its value has increased. But the answer to one question was astonishing. The Fed asked respondents how they would pay for a $400 emergency. The answer: 47 percent of respondents said that either they would cover the expense by borrowing or selling something, or they would not be able to come up with the $400 at all. Four hundred dollars! Who knew?
In Trump’s aftermath, his enemies on the right will have to take stock and propose a meaningful alternative vision for the GOP’s future.
Donald Trump’s big victories in the Mid-Atlantic primaries don’t represent quite the end of the ballgame—but they come damn close.
And now Donald Trump’s many and fierce opponents in the Republican Party and the conservative movement face the hour of decision. Trump looks ever more certain to be the party nominee. Yet not perhaps since George McGovern in 1972 has a presumptive nominee so signally failed to carry the most committed members of his party with him.
So what happens now to those who regard themselves as party thought-leaders? Do they submit? Or do they continue to resist?
Resistance now means something more—and more dangerous—than tapping out #NeverTrump on Twitter. It means working to defeat Trump even knowing that the almost certain beneficiary will be Hillary Clinton.
To find out, scientists collected poop from thousands of people—but they ended up with more questions than answers.
There are tens of trillions of bacteria in my gut and they are different from those in yours. Why?
This is a really basic question about the human microbiome and, rather vexingly, we still don’t have a good answer. Sure, we know some of the things that influence the roll call of species—diet and antibiotics, to name a few—but their relative importance is unclear and the list is far from complete. That bodes poorly for any attempt to work out whether these microbes are involved in diseases, and whether they can be tweaked to improve our health.
Two new studies have tried to address the problem. They’re the largest microbiome studies thus far published, looking at 1,135 Dutch adults and 1,106 Belgians respectively. Both looked at how hundreds of factors affect the microbiome, including age, height, weight, sleep, medical history, smoking, allergies, blood levels of various molecules, and a long list of foods. Both found dozens of factors that affect either the overall diversity of microbial species, or the abundance of particular ones. And encouragingly, their respective lists overlap considerably.
There’s a common perception that women siphon off the wealth of their exes and go on to live in comfort. It’s wrong.
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Seven years later, her husband told her to leave their house, and filed for a divorce she couldn’t afford. “He said he was tired of my medical issues, and unwilling to work on things,” she said, citing her severe rheumatoid arthritis and OCD, both of which she manages with medication. “He kicked me out of my own house, with no job and no home, and then my only recourse was to lawyer up. I’m paying them on credit.” (Some of the men and women quoted in this article have been kept anonymous because they were discussing sensitive financial matters, some of them involving ongoing legal disputes.)
DATE: MAY 1, 1994
FROM: DR. HUNTER S. THOMPSON
SUBJECT: THE DEATH OF RICHARD NIXON: NOTES ON THE PASSING
OF AN AMERICAN MONSTER.... HE WAS A LIAR AND A QUITTER,
AND HE SHOULD HAVE BEEN BURIED AT SEA.... BUT HE WAS,
AFTER ALL, THE PRESIDENT.
"And he cried mightily with a strong voice, saying, Babylon the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit and a cage of every unclean and hateful bird."
Richard Nixon is gone now, and I am poorer for it. He was the real thing -- a political monster straight out of Grendel and a very dangerous enemy. He could shake your hand and stab you in the back at the same time. He lied to his friends and betrayed the trust of his family. Not even Gerald Ford, the unhappy ex-president who pardoned Nixon and kept him out of prison, was immune to the evil fallout. Ford, who believes strongly in Heaven and Hell, has told more than one of his celebrity golf partners that "I know I will go to hell, because I pardoned Richard Nixon."
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Who could have foreseen that within a decade, between 2004 and 2014, the terrorist group al-Qaeda in Iraq would transform into ISIS, outline an apocalyptic vision of the End Times, reintroduce slavery, embrace war without limits, take on the world’s greatest powers, and conquer a mini-empire spanning swaths of Syria and Iraq—with spin-off affiliates infiltrating Libya, Nigeria, and elsewhere?
When schools ask applicants about their criminal histories, a veneer of campus safety may come at the expense of educational opportunity.
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Some colleges routinely ask an optional criminal-background question; some schools are compelled to ask it by the state in which they’re located; and, whether intentional or not, more than 600 colleges and universities ask simply because they use Common App to streamline the admissions process. This year, 920,000 unique applicants used Common App to submit 4 million applications, or 4.4 applications per student, according to the organization. The criminal-background question that Common App asks is:
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“I have Democrat friends and Republican friends. I get along with almost everyone, but I have never worked with a more miserable son of a bitch in my life,” Boehner added. He said he would not vote for Cruz in a general election, though he would vote for his fellow tangerine-tinted Republican Donald Trump.