French President Emmanuel Macron’s vow to make France a ‘start-up nation’ amid the uncertainty over Brexit is raising the question of whether Paris could supplant London as the capital of European tech. Since his election, Macron has wooed tech entrepreneurs with a string of initiatives in the form of lavish tax breaks, subsidies, and credits for research. In March 2018, he promised to invest €1.5 billion into artificial intelligence research through 2022. Some of these initiatives, in addition to Macron’s dynamism, have lured British tech companies who are looking to gain a foothold in Europe.
Britain can be proud of itself. Once again, it had already shown the world the way. In propelling Boris Johnson and Nigel Farage to triumph on 23 June, it demonstrated well before 8 November that Donald Trump was nothing new. In fact foolishness, vulgarity, inconsistency, and irresponsibility seem actually to be British inventions that have been painstakingly copied – once more – by the Americans. The age of such drab characters as Margaret Thatcher and David Cameron is over. No more, it appears, must we suffer leaders equipped with a brain and a sense of the common interest. The hour of the political clown has come.
Italy, Austria, and France, in that order, are the next dominos likely to fall in the global wave of populist political sentiment. Italy and Austria will both go to the polls on the same day next month, December 4th, for somewhat different reasons, but with both outcomes likely to advance the political forces on the right in Europe. In Austria, it’s expected that Norbert Hofer of the Freedom Party will prevail. That would make him the first elected far-right leader in Western Europe since 1945. Italy’s vote is a referendum initially scheduled for the fall. On the table is a package of constitutional reforms that Prime Minister Matteo Renzi has proposed to streamline lawmaking, but it is increasingly being seen a plebiscite on Renzi’s government, which it appears he may lose, causing his government to fall, and creating an opportunity for the far right to form a new anti-immigration government. In the upcoming 2017 Presidential election in France, ultra-nationalist Marine Le Pen is seen as the possible front-runner.