As 2016 draws to a close, I am one who thinks the year has been monumental for the change it will bring to the world both economically and politically in the near future.
Historians will begin to see the import probably ten years from now, but the seeds were sown for a dramatic shift towards nationalistic politics in an attempt to pull these economies out of the decade-long malaise.
You could start with Iceland’s treatment of bankers and the enormous debt the island nation took on to pull itself out of the financial crisis as the possible ignition switch.
Then in 2016 you have Brexit. The surprising vote from the UK, where the British people approved the leaving of the European Union. Whether it was right or wrong, the exit party played on the fact that the unelected EU regulators had too much control over their daily lives.
The fear that Brussels could dictate policy more than Parliament, played to the voter fears that hordes of immigrants would be coming ashore because of these continental dictates.
Brexit — you could say — greased the skids for President-elect Donald Trump’s win over Hillary Clinton. Trump’s focus on keeping jobs in America and draining the swamp of life-long political hacks directing policy regardless of who occupied the White House, also resonated with voters in the same way as the British felt with Brussels.
History tells us that a turn to nationalism is generally seen as a negative, as countries turn to look inside generally leads to bellicose attitudes by the leadership. However most of the nationalistic warring leaders are far left-wing politicians.
Over the last 75 years with Germany, Russia and China the moves towards a socialistic society have had dramatic effects on their people and for the planet. Generally speaking a right-wing leadership takes on a globalist view, so these moves under the UK with Prime Minister Theresa May and in the US under a Republican Trump is something of an anomaly.
How 2017 will play out with all the developments, which happen this year is still too early to tell, but as the Chinese proverb states: May you live in interesting times, seems to have come to fruition.