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Posts Tagged ‘Citizens’

The demise of the nation state

Posted by hkarner - 6. April 2018

An essential article! (hfk)

Date: 05-04-2018
Source: The Guardian By Rana Dasgupta

After decades of globalisation, our political system has become obsolete – and spasms of resurgent nationalism are a sign of its irreversible decline.

What is happening to national politics? Every day in the US, events further exceed the imaginations of absurdist novelists and comedians; politics in the UK still shows few signs of recovery after the “national nervous breakdown” of Brexit. France “narrowly escaped a heart attack” in last year’s elections, but the country’s leading daily feels this has done little to alter the “accelerated decomposition” of the political system. In neighbouring Spain, El País goes so far as to say that “the rule of law, the democratic system and even the market economy are in doubt”; in Italy, “the collapse of the establishment” in the March elections has even brought talk of a “barbarian arrival”, as if Rome were falling once again. In Germany, meanwhile, neo-fascists are preparing to take up their role as official opposition, introducing anxious volatility into the bastion of European stability.

But the convulsions in national politics are not confined to the west. Exhaustion, hopelessness, the dwindling effectiveness of old ways: these are the themes of politics all across the world. This is why energetic authoritarian “solutions” are currently so popular: distraction by war (Russia, Turkey); ethno-religious “purification” (India, Hungary, Myanmar); the magnification of presidential powers and the corresponding abandonment of civil rights and the rule of law (China, Rwanda, Venezuela, Thailand, the Philippines and many more). Den Rest des Beitrags lesen »

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Corporate citizens of somewhere

Posted by hkarner - 24. März 2018

Date: 22-03-2018
Source: The Economist: Schumpeter

A golden age of companies having fistfuls of different passports is over

WHEN it comes to companies and their passports, there is a flutter of activity in the air—and a reek of hypocrisy. This month Qualcomm, an American-domiciled tech giant which does 65% of its business in China, booked most of its profits last year in Singapore, and pays little tax at home, successfully lobbied the Trump administration to block a hostile takeover on the ground that its independence was vital to ensure American strategic supremacy over China. The predator was Broadcom. It is listed in America but domiciled in Singapore, where it gets tax perks. On November 2nd, four days before its bid, it announced a burning desire to shift its legal base to the home of the brave.

In Europe, Unilever, which a year ago demanded that the British authorities help it fend off an unwelcome takeover by Kraft Heinz because it was a national treasure, is shifting its sole base to the Netherlands (at present it is split between London and Rotterdam). The consumer-goods firm says it wants to simplify its structure. But it has been an outspoken critic of London’s open takeover regime, and is probably relieved to shelter behind more protective Dutch rules. In Asia, Alibaba, a Chinese internet giant that has its domicile in the Cayman Islands, its principal office in Hong Kong and its listing in New York, has been invited by China’s government to float its shares “at home” in Shanghai, an offer it cannot refuse. Den Rest des Beitrags lesen »

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Theresa May’s Other Citizens of Nowhere

Posted by hkarner - 10. Juni 2017

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Can Britons keep their EU citizenship after Brexit?

Posted by hkarner - 12. April 2017

Date: 12-04-2017
Source: The Economist

Though many would like to, it looks both legally and politically unlikely

MOST of those who regret Britain’s decision to leave the European Union now accept that Brexit is going to happen. But many are still scrabbling for an escape hatch. The 1m-odd Britons living elsewhere in the EU hope to have their residency rights confirmed early during the negotiations. Anyone with an Irish grandparent can apply for Irish citizenship—and plenty of people are. Marriage to an EU national is another trick, as is buying Maltese or Cypriot citizenship (though the price is steep).

The latest wheeze is to find a way to allow regretful Britons to retain their EU membership on an individual basis. Guy Verhofstadt, a former Belgian prime minister who is now the European Parliament’s point man for the Brexit negotiations, is promoting voluntary “associate EU citizenship” for Britons, an idea first put forward by a fellow MEP from Luxembourg, Charles Goerens. A paragraph in the parliament’s resolution on Brexit, adopted on April 5th, calls for some action to mitigate Britons’ loss of EU citizenship. Den Rest des Beitrags lesen »

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Global Citizens, National Shirkers

Posted by hkarner - 11. Februar 2017

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Citizenship for Sale

Posted by hkarner - 9. Juli 2016

Posted on by iMFdirect

By iMFdirect

A suitcase filled with multiple passports? That’s not just the stuff of spy movies anymore. Increasingly, a growing number of high-net worth individuals are looking to have a passport portfolio. This has led to a proliferation of so-called citizenship-by-investment or economic citizenship programs that allow individuals from all over the world to legitimately acquire passports.

The wealthy, especially in emerging market economies, see buying citizenship or residency rights as a means of greater global mobility (visa free travel in many countries), tax planning, and family security.  In exchange, countries administering such programs receive significant financial inflows into their economies.

Indeed, offering citizenship in return for investment has been a “win-win” for some small Caribbean states. The substantial inflows of funds from these programs have helped boost employment and growth. Inflows to the public sector alone in St. Kitts and Nevis had grown to nearly 25 percent of GDP as of 2013. Den Rest des Beitrags lesen »

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A Europe of Citizens

Posted by hkarner - 15. April 2016

Photo of Ana Palacio

Ana Palacio

Ana Palacio, a former Spanish foreign minister and former Senior Vice President of the World Bank, is a member of the Spanish Council of State, a visiting lecturer at Georgetown University, and a member of the World Economic Forum’s Global Agenda Council on the United States.

APR 14, 2016, Project Syndicate

MADRID – Last month was another cruel one for Europe, culminating in the horrific terrorist attacks in Brussels on March 22. The aftermath has seen a new round of soul searching, with Europeans mulling over the European Union’s institutional failures and sheer incompetence, not to mention the existential challenge it currently faces.

Such considerations seem to arise frequently these days, as Europe encounters a seemingly endless series of emergencies, from the Greek crisis to the influx of refugees. Yet complacency remains the order of the day, with EU leaders adopting to a crisis-response mentality that privileges reaction over action and perpetuates the cycle of destabilization. Den Rest des Beitrags lesen »

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