Europe Has Apparently Given Up On Recovery

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Matt Yglesias makes the point today that although the eurozone crisis appears to be over for the moment, the European economy is in shambles:

Worst of all, as Ambrose Evans-Pierce writes the European Central Bank seems to have entirely washed its hands of the situation, deciding that as long as there’s no acute banking crisis they don’t need to care about anything else. This is, among other things, exactly the attitude from the Trichet-Weber years that let the acute banking crisis develop. Over the long-term, it’s all tied together. Banks and sovereigns can’t be solvent if citizens don’t have incomes, Germany can’t export if Spain can’t import.

It is remarkable how little we seem to have learned anything from the events of the past decade. On topic after topic, from war to climate change to the economy, it’s as if we’re frozen in amber. No matter what happens, we just keep on believing the same things. More here from Ryan Avent.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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