Monday, October 18, 2010

Multiculturalism Has Failed?

Pardon the long silence here at FutureJacked lately. I was in Europe for nearly two weeks on business. Glad to be back, though this lingering plateau of tension in mood and markets is getting old - not the Mr. Market cares what I think.

Speaking of Europe, negative mood continues to build up under the brittle facade of happy talk. Prime Minister Merkel now gets on board by taking a shot at one of the sacred cows of the last 30 years - the multicultural society. Actually, I might argue that this particular cow has been sacred since the end of World War II. Socionomics marches on:

Merkel says German multicultural society has failed
from the BBC
Attempts to build a multicultural society in Germany have "utterly failed", Chancellor Angela Merkel says.

She said the so-called "multikulti" concept - where people would "live side-by-side" happily - did not work, and immigrants needed to do more to integrate - including learning German.

The comments come amid rising anti-immigration feeling in Germany.

A recent survey suggested more than 30% of people believed the country was "overrun by foreigners..."

Oh my. And to have this come from Germany, which is normally more sensitive to this kind of thing. Actually, I heard a similar sentiment from a few conversations I had with people in Germany and Austria both.

Another trend to watch.

1 comment:

David said...

Expect to see a whole lot more "press" about how Europe will be predominantly Muslim within a generation due to birth rate differences, long-time family lines vs. those of recent (mostly Mideastern) immigrants.

Great changes do come from within most of the time. The Roman Empire was not overrun, it dissolved into a vacuum into which outsiders cascaded.

I'm with you on the plateau. Apparently residing in the early part of the 7.25 year cycle to which RP refers has meant that 2nd waves are extremely deep and 98% of the time will be spent in rallies.

Even using good money management (i.e. risking relatively little) being on the short side of this thing has been (and remains) punishing.