Europe is Facing a Moment of Truth Largely Unawares
Pension and other welfare benefits, promised long ago when the workforce was expanding quickly, are at the heart of Europe’s current fiscal convulsions, which are perhaps a harbinger of worse to come. In David Canning’s view, the 2008 crash and its aftermath have merely moved up a long-inevitable implosion by 10 to 15 years. European nations “had unrealistic systems that were eventually going to cause a crisis,” he told me. _Megan McArdleLow birthrates and a rapidly ageing workforce are not compatible with the European welfare state. There are not enough bailouts in the world to compensate for such a self-made decline.
In the European Union, how many nations will fall into irretrievable debt before Mario Draghi or Angela Merkel suggest that Europe’s 20th-century entitlement systems are incompatible with 21st-century demographics? And how many more G-8 and G-20 summits will pass without mention that two people turn age 60 every second of every minute – with an obvious impact on core questions of fiscal sustainability unless profound social and economic changes put in place that align with our new century’s demographic realities? _Fiscal TimesEuropean unemployment is rising for a number of reasons, among them high taxes, burdensome EU regulations, and a policy of energy starvation from the top down.
Unemployment in the 17-country eurozone hit a record high of 11.6 percent in September, official figures showed Wednesday, a sign the economy is deteriorating as governments struggle to get a grip on their three-year debt crisis. _MiamiHeraldThe European middle class is under assault, according to some sources. Certainly the old regime of guaranteed employment and early retirement is under assault by the harsh realities of the global economy, as exacerbated by European demographic decline.
Moving into this turbulent dynamic, to fill the demographic gap which reluctant European women are creating, are large numbers of immigrants from Africa and Asia. Many of these immigrants are untrained, uneducated, do not speak European languages, and are culturally unable and unwilling to assimilate.
One possible demographic scenario for the future of Europe, would be the significant replacement of native European populations with less advanced populations from the outside. These abundant newcomers may be antagonistic to an ageing Europe's cultural norms.
The video above presents a broad outline of one possible scenario of demographic change. As you will see if you view it completely, the video approaches the problem from the viewpoint of one religion being displaced by another. But the concept also applies to cultural and civilisational replacement, via demographic change.
Europe faces a moment of truth, largely unawares. Her people are being told everything else except what they need to know to preserve themselves, their families, and their cultures.
The end result may not be pretty.