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CHAIRMAN’S INSIGHTS

Think global, act local

Recently we experience a trend or better said a wave of populism hidden behind the flag of protectionism, nationalism and separatism. These movements presume and promise to have easy solutions against the dangers of globalisation in the form of immigration, infinite competition and unfair repartition of wealth.

Surprisingly these movements rather come from a middle class, which acts from ist secure position as the really bad off classes have neither the time nor the money to protest. But they will suffer worst the consequences of these waves. Additionally its leaders pretend to represent an overwhelming majority despite being a minority. Media coverage helps them. Donald Trump will greet you.

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