Since the turn of the century, Europeans have been faced with the most basic question about their future: whether they have one. In some countries — … - Christopher Caldwell
" "Since the turn of the century, Europeans have been faced with the most basic question about their future: whether they have one. In some countries — especially Italy, Germany, and Austria — the native population has been shrinking for decades. Birth rates have fallen so low that each native generation is about two-thirds the size of the last. The decline was masked for a while by the size of the almost wholly autochthonous Baby Boom generation, but now those native Europeans have begun to retire and die. Non-European immigrants, especially those from the Middle East and North Africa, have rushed to claim a place on the continent.
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About Christopher Caldwell
Christopher Caldwell (born 1962) is an American journalist, author and a former senior editor at The Weekly Standard, as well as a regular contributor to the Financial Times and Slate. He is a senior fellow at the Claremont Institute and contributing editor to the Claremont Review of Books. Caldwell's writing has also appeared in The Wall Street Journal, The New York Times, and The Washington Post. He was also a regular contributor to The Atlantic Monthly and The New York Press and the assistant managing editor of The American Spectator.
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The policing of tolerance had no inbuilt limits and no obvious logic. Why was 'ethnic pride' a virtue and 'nationalism' a sickness? Why was an identity like 'Sinti/Roma' legitimate but an identity like 'white' out of bounds? Why had it suddenly become criminal to ask questions today that it was considered a citizen's duty to ask ten years ago?
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In the wake of the 1992 L.A. riots, Bush lowered standards of creditworthiness for inner-city home buyers. But it was Clinton who opened the floodgates of housing credits by threatening, on the strength of misrepresented agency data, to find lenders guilty of “redlining” black neighborhoods. He used the Carter-era Community Reinvestment Act to pressure banks politically. Black homeownership rose by 25 percent between the mid-1990s and the mid-2000s. This was the era of subprime loans, which would bring on the crash of 2008 and the ensuing global recession. The American media has never been comfortable acknowledging that minority homeownership programs were at the root of an international economic calamity. But economists (notably Atif Mian and Amir Sufi of Chicago, and Viral Acharya of NYU) have understood it all along, and the progressive Cambridge University historian Gary Gerstle, in his recent The Rise and Fall of the Neoliberal Order, puts the Bush-Clinton subsidies squarely at the center of the 2008 crash.
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