Across the G7, the political centre is fracturing and Donald Trump will make the problem worse
The G7 is the “steering committee of the free world”, according to Jake Sullivan, President Joe Biden’s national security adviser. If so, the free world has a problem. The majority of G7 governments are now so burdened with domestic political problems that they are incapable of steering their own countries — let alone the free world. Consider the political situations in France, Germany, Canada, Japan and South Korea . In France, the government recently fell after it was unable to pass a budget.
France’s government was brought down after it tried to cut spending and raise taxes to combat a budget deficit of 6 per cent of GDP. Since a large chunk of the French parliament is in the hands of the far left or the far right, it is extremely difficult to broker political compromises. Starmer’s large majority in Britain made it possible for his government to do what the French could not do — increase taxes, in an effort to balance the books.
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