This week, California Gov. Gavin Newsom (D) joined the many Californians now seeking their fortune elsewhere. The difference is that Newsom is planning to come back to California, even as billionaires, investors, and companies flee his state for greener pastures.
Newsom and Democrats such as Rep. Alexandria Ocasio-Cortez (D-N.Y.) were selling a brave new world that looked a lot like the broken old world. It was an ironic moment. They were addressing countries at the Munich Security Conference that had previously destroyed their economies through socialist and far-left policies.
The rush of liberal Democratic officeholders to Europe was telling.
A new poll shows that a record 58 percent of voters believe their party is “too liberal.”
But Newsom and Ocasio-Cortez found a welcoming audience in Europe.
The global elite gushed over Ocasio-Cortez and sat enraptured as she rattled off socialist platitudes.
That included New York Times correspondent Katrin Bennhold, who thrilled the audience by treating it as a given that Ocasio-Cortez will run for president.
Both Newsom and Ocasio-Cortez spoke of returning the U.S. to the good graces of the global elite.
Newsom assured the Europeans that Trump’s reign is temporary, and that the U.S. will soon enough dismantle the “wrecking ball” that the administration has taken to the EU.
Newsom offered his leadership and his state as the model, proclaiming that “California is a stable and reliable partner” for Europe.
The model includes high taxes, massive spending programs and greater bureaucratic regulations — precisely the policies that have driven the European economy into its current stagnation. In other words, Democrats were in Europe to offer precisely what Newsom outwardly condemned: “doubling down on stupid.”
When not fumbling with security questions about issues such as Taiwan, Ocasio-Cortez was demanding that wealth taxes be implemented in the U.S. “expeditiously.”
Word Salad is back...
...and she's not so hot on geography either...
Such a tax on billionaires’ wealth, including unrealized gains, is currently being pushed in California. The predictable result is that billionaires and other wealthy citizens are rushing to leave the state and taking their investments and companies with them.
Ocasio-Cortez had the audience at hello.
Rather than having Vice President J.D. Vance shaming them for their attacks on free speech, the Europeans positively gushed over Democratic leaders pushing far-left agendas.
It did not matter that such policies devastated European economies in the 20th century.
In my book “Rage and the Republic,” I discuss the rise of support for socialism in both the U.S. and Europe. Many of those supporting it are young voters with no memory of the collapse of socialist economies in the 20th Century. In 1977, Labour Prime Minister James Callaghan pursued many of the same socialist policies, leading to what was called the “winter of discontent” as inflation hit 25 percent. With the collapse of the British pound, the United Kingdom had to take the demoralizing step of securing a loan from the International Monetary Fund, as if it were a developing country.
In France, François Mitterrand was also elected to pursue his “rupture with capitalism.” The French economy collapsed; Mitterrand quickly had to reverse himself and restore capitalist policies.
That history is rarely discussed or taught today. The “warmth of collectivism,” as New York Mayor Zohran Mamdani put it, is back in vogue. It does not matter that, in Argentina, President Javier Milei is achieving one of the most impressive economic turnarounds in history — dramatically curtailing runaway inflation, government deficits and poverty — by reinstating free-market policies and reducing government spending.
What is chilling about Europe is that the EU has strangled growth with its increasingly centralized controls and massive bureaucracy. My book describes the instability of the EU and its global governance model. Europe is facing populist movements and, like many Democrats, the response has been calls for further consolidation of power. This included the creation of a new, uniform European corporate law, known as the “28th Regime.”
With an economy crushed by a massive EU bureaucracy and regulations, the solution of many is all too familiar: borrow more money. French President Emmanuel Macron and others want to issue “Euro bonds” to spend their way into an economic recovery — another policy ideal shared with many on the American left.
This week was only the latest effort of the American left to strengthen an alliance with the EU.
Previously, American leaders such as Hillary Clinton pushed the EU to censor Americans online after free speech protections were restored by companies like Twitter. Likewise, the American left is enamored with the EU’s global bureaucracy and regulations.
Newsom and Ocasio-Cortez certainly found their element in Munich, and the EU certainly found the “reliable partners” it has longed for in creating “a new World Order with European Values.”
Jonathan Turley is the Shapiro Professor of Public Interest Law at George Washington University. He is the author of the New York Times bestselling “Rage and the Republic: The Unfinished Story of the American Revolution.”
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