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xenophobia

  Xenophobia – the fear of foreigners – has always been a serious problem for humanity. In the EU today, however, it is outweighed by xeno-xenophobia – the fear of the fear of foreigners. European elites, eager to promote ever-greater union and reap more of the benefits of globalization, decry their citizens’ ambivalence on immigration. Unlike Hillary Clinton, they don’t openly describe a quarter of their populations as despicable, irredeemable haters. Yet, European elites are even more fearful of public hate boiling up and exploding. They see the ghosts of 20th century fascism and world wars.   Unfortunately, the public has cause for ambivalence. On the one hand, it revels in an unprecedented combination of peace, advanced technology, economic prosperity, and cradle-to-grave protections. On the other hand, that combination is

This entry was posted in Europe and tagged , , , , , by Kent Osband.

About Kent Osband

Dr. Osband is an American economist, strategist, financial risk analyst and longtime student of Bulgaria. He is the author of two well-known books on quantitative risk analysis (Iceberg Risk: An Adventure in Portfolio Theory and Pandora Risk: Uncertainty at the Core of Finance) and has served both in the public (IMF, WB) and private sectors (Goldman Sachs, CSFB, Fortress Investments).