Watch a fully-autonomous Tesla drive through the city and find a parking spot

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Fully-autonomous Teslas are getting closer to reality. Yesterday, the electric carmaker announced that all new vehicles will come with extra hardware to support "full self-driving capabilities,” and this morning, the company posted a video showing exactly what that hardware can do.

The self-driving software is not finished and has yet to be approved by regulators, but the four-minute clip is nonetheless impressive, showing a Tesla leaving a garage, driving across town, and finding its own parking spot — all autonomously. There is someone sat in the driver's seat, as per current legal requirements, but they never touch the wheel. Tesla CEO Elon Musk, who posted the clip to Twitter, notes that the car is even smart enough to driver past a disabled parking spot, knowing it's not allowed to park there. He also highlighted the car's summon function:

All of this technology is a long way from being implemented, but it does raise some interesting questions. Like, what happens if you summon a Tesla on your phone then get on a train — will the car follow you round indefinitely, or will it only drive to the initial summon location? And when is someone going to mod this function so owners can whistle to call their Tesla, like summoning a horse in a video game? It's all to come.



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The new “Rich Kids” social media app has a membership fee of $1,000 a month

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A new social networking app for the affluent consumer has launched.

Crowning itself as the “world’s most exclusive social network,” Rich Kids, a new photo sharing app, separates itself from the regular, free-to-use social networking sites such as Facebook, Twitter, and Instagram by charging its users a $1,000 monthly fee for premium membership.

While the Rich Kids app can be downloaded from the Apple App Store, with a free membership via Facebook login, the non-paying users who choose to sign up will be able to view and follow the young and wealthy. Only Rich Kids members are allowed to post content on this ultra-exclusive social network.
Being rich is boring when nobody sees you”, the site says.

According to the team of this platform, Rich Kids has been developed for more privileged people who want to stand apart from the rest of the users. It promises to offer its wealthy members the ability to “gain new followers” they might not be able to find “among the millions of users on Instagram”.

The Rich Kids team states “Anyone can use #rkoi or #richkids hashtag on Instagram or pose next to a luxury car on a parking lot. But not on Rich Kids”.
“We created something different. A new social network where our members can really stand out and be visible in an elegant and meaningful way. Share their life with other users and build a true fan base,” the new network’s creators state.

“Only members of Rich Kids can share photos. To become a member, users have to subscribe to Rich Kids Membership. To ensure the quality and exclusivity of our members the membership is set to be $1,000 per month.”

The high payment charges are for maintaining the quality and exclusivity of the wealthy members.

The son of the renowned fashion designer Roberto Cavalli, Robert Cavalli is one of the first members of the app, alongside Turkish real estate empire heir, Emir Bahadir and Ukrainian socialite Julia Stakhiva.

Rich Kids CEO, Juraj Ivan, said that a third of the overpriced membership will go to the “education of poor kids.”

“With proper education, they have a chance for a better life,” the Rich Kids website added.



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Wealthy shoppers are spending more on almost everything ... except this - CNBC

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Sure, their items cost more. But the struggles of the high-end retail market aren't all that different from its lower-price counterparts.

As wealthy shoppers shell out more of their money on fancy cars and travel, luxury handbags and other personal high-end goods are being left behind. According to a new report by Bain and Altagamma, the global luxury goods market is rising 4 percent this year, to 1.08 billion euros. Yet personal luxury goods are one of two categories expected to contract, and are seen falling by 1 percent.

Several culprits are contributing to the category's slowdown, including wild currency swings and terror attacks in key fashion cities. Some of the lesser-known issues that these brands are grappling with mimic those of the lower-end market: Discounting, price transparency, and a shift toward spending on experiences.

"More and more consumers are questioning the real value of luxury goods brands," said Claudia D'Arpizio, a partner at Bain.

Like mainstream retailers, luxury brands have been ceding share to off-price competitors, who sell their goods for less. Since 2013, the channel has had an estimated 23 percent compound annual growth rate. That means it will account for about 12 percent of the market by year's end, compared with 7 percent three years earlier.

Discounting at department stores and branded luxury shops have also made consumers reluctant to spend three or four figures on the latest handbag, D'Arpizio said. It's become even more challenging as design houses have stuck with a particular aesthetic to make their product recognizable, making consumers less motivated to jump at the newest full-price items.

Another factor is rapid growth in online shopping, which has made it tougher for high-end brands to command a premium because it's easy for consumers to compare prices. Though online shopping will account for just 7 percent of luxury retail spending by year's end, it's likely to hit 15 percent to 20 percent share in the next five years, D'Arpizio said.

When wealthy shoppers do spend, they're increasingly doing so on travel and entertainment. Sales of luxury hotels, wines and spirits and food are all expected to rise 4 percent, the report found. D'Arpizio said there's opportunity for luxury retailers to tap into this desire, by making it a more unique experience to visit their stores and wear their product.

In another parallel to the broader market, luxury retailers positioned in the middle are struggling the most. As the rich get richer, ultra high-end labels are still grabbing share; and as younger millennials start to accumulate wealth, more affordable brands are likewise seeing growth. That's why many designers are focused on creating more entry-level items, so they can hook consumers while they're young, D'Arpizio said.

"Polarization is happening across the different retail sectors," she said, explaining that as the luxury market matures, there will be a shakeout. And just as mainstream retailers opened too many stores, high-end shops in coming years will likely close more stores, as online shopping becomes a bigger piece of the pie, she said.



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10 of the Best Oculus Rift Games

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A whole new (virtual) world.

By IGN Staff

Despite having been released to consumers earlier this year, the Oculus Rift is still peeling off the cellophane, still unpacking itself from the box of expectation. Virtual Reality is in its infancy, and the Rift’s selection of games is modest.

However, there's still enough for a list of ten of the best games you can get on the Oculus Rift. In making the decision we considered how much fun the games are to play, their influence, and innovation.

The selection committee this time round included: Marty Silvia, Alysia Judge, Alanah Pearce, Joe Skrebels, Gav Murphy, and Dan Stapleton.

So without any ado to further, here they are in no particular order:

There’s a big red button sat in the middle of a control panel, and it’s a truth universally acknowledged that big red buttons are meant to be pressed - but there are some pretty heavy consequences. It's the gaming equivalent of that lass Pandora flipping the lid off her box.

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And what a tricky box it is. Switches flip out, draws with screwdrivers and hammers pop open, and hidden clues are revealed that are each pieces to puzzles that lead to over 25 apocalyptic endings. Your mission is to solve them all, and for that, you’re going to need to touch everything.

On PC and consoles, Minecraft is a game about doing what you want, building what you want, and playing how you want. With a vast blocky world as your playground, it’s a creative sandbox for you to bury yourself in.

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But in virtual reality this is taken to a whole new level. By removing that three-foot gap between your face and the PC screen and plunging your face directly into the landscape, Minecraft VR allows you to crane your neck and physically look up at the edifices you create. Creative and Survival modes have both made the leap, alongside co-operative and competitive multiplayer. It’s the Minecraft you love, but up close.

For all its cosmic wonder, economic ecosystems and breathlessly realistic space combat, in many ways Elite: Dangerous is simply a game about sitting in a cockpit and pushing lots of buttons. That’s precisely why Oculus is such a good fit - feeling situated in that ship, flicking your eyes from sub-system to sub-system and making changes on the fly.

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It comes alive in a dogfight. Tracking an enemy ship is far easier when you can just crane your neck to look through tempered glass at an opponent, close enough to re-enact that Top Gun scene where he flips the bird at a Russian. When the kill comes and you watch scorched wreckage tumble across a solar lens flared sky, there are few places you’d rather be than that cockpit, pushing all those buttons.

It’s a simple premise - hold down the left shift button with your left hand and the right shift with your right hand - then sit back and try not to let go. That would be easy to do were it not for the bees, giant spiders and frickin’ velociraptor that try to terrify you into letting go. If you think closing your eyes will help - think again!

One of the best bits about Don’t Let Go is the audio which is genuinely one of the most terrifying headphone experiences ever. We’ve not had a single Don’t Let Go session that hasn’t ended in the headset and headphones being flung off in horror.

Who would have known in 2009 that when Miley Cyrus crooned “Ain’t about how fast I get there / Ain’t about what’s waiting on the other side / It’s the climb,” she was in fact prophesying a future where virtual reality would pave the way for Crytek’s first person rock climbing experience?

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The Climb turns acrophobia into a game. Combining the kind of lush vistas you’d see in shampoo adverts with the detail or pressing your nose an inch from a rock face, Crytek has perfectly replicated the sweaty-palm terror of dangling from a cliff. A fatigue system that sets in whenever you’re hanging with one arm can easily send you plummeting to your death, and in first person that’s a terrifying prospect indeed.

If you want to dive head-first into some action-packed space dogfighting, EVE Valkyrie is your go-to. You can pilot space fighters in other games, notably Elite Dangerous, but EVE will throw you directly into its great-looking 16-player furballs. The new carrier assault mode creates some especially tense battles to take down the enemy base, and even gives you the opportunity to do a Star Wars-style trench run.

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Once you’ve seen the difference it makes to be able to look up through the glass canopy and follow a target as it zips overhead and target missiles with your eyes, you’ll never be able to go back to playing a flight sim on a regular screen.

At first thought, VR is all about creating immersive, personal experiences that exist solely between the player and the technology. However, games like Keep Talking and Nobody Explodes prove that VR also excels at bringing groups of people together for a new breed of multiplayer mayhem. One player wears a VR helmet and is positioned in front of an impossibly-complicated digital bomb.

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The rest of the VR-free players spend their time scouring over dozens of documents that hold the information needed to disarm the randomly-generated explosive. Keep Talking quickly turns into a tense, hilarious game of 21st-century telephone, and proves to be VR’s first legitimate party game.

House of the Dying Sun is still in Early Access, but it’s already an impressive space combat game that puts you both in command of a fleet and in the cockpit of any fighter you choose. It’ll work with or without VR, but it’s far more impressive when you’re right there in the cockpit.

VIDEO

There’s a lot of depth to piloting these ships, since you can take advantage of Newtonian physics to pull of Battlestar Galactica-style maneuvers and upgrade your ships in a variety of ways. The low-detail untextured look reminds us of the old X-Wing games, and that’s a good thing.

Chronos is a challenging puzzle/action-adventure, and one of the richest experiences available on Oculus Rift yet. To survive, you need to excel at patient, calculated combat with major consequences littered between multi-faceted, Zelda-style puzzles, in a diverse, beautiful game that creatively spans across multiple dimensions. And while it could comfortably exist without VR,

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Chronos' use of scale in quests that have you shrink to the size of a toy and venture through a comparatively giant bookcase, or put you in a front-row seat to a giant cyclops fight, offers a new and confronting perspective that gives Chronos another edge.

There are two battles to wage once you enter a Dirt Rally race. One is between you and the track - a battle measured in ever-faster lap times and fought with tweaked toe-in angles as you play with either a gamepad or force-feedback wheel. The second is against the urge to look everywhere around you except the road.

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Dirt Rally is a fantastically authentic racing experience with lifelike physics and jaw-dropping graphics. A straightforward career mode and Rallycross multiplayer provides variety, while the HUD-less display provides depth and realism. A must-have for petrol heads.

So that’s our list of ten of the games we at IGN consider to be some of the best on Oculus right now. Let us know your personal favourites in the comments section below!



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YouTube: Memorializing Hockey in Unusual Ways

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Everyone has a camera these day, and social media has taken over with these devices, YouTube is one of the fastest growing media sites and hockey is on its radar. The cellular revolution has pretty much made certain that every mobile phone now has a camera attached. Gone are the days of the bulky video cameras, and now are the ways of the slim, fits in your pocket, ready at any moment video taking device. While these cameras are awesome for catching your baby’s first step at a moment’s notice, they are also adept at catching others at their first or second misstep. With the advent of YouTube, everyone with a smart phone is now a potential film maker. I perused through the recent archives of YouTube to see exactly how YouTube views hockey. It is fairly easy to access the archives of history both good and bad on YouTube.
When it comes to the sport of hockey, is YouTube helping to preserve our best and most powerful images in hockey, or our worst? What exactly does YouTube have to show about hockey?

The Good

Every once in a while, we get a commercial that makes us stop and stare. Seeing something so ncredible as Bobby Orr flying through the air, is one of those times. Some commercials encourage us to buy this or that, The History Will Be Made commercial, made us want to fly too, and it certainly made us want to stick with watching the playoffs in 2001. The commercial series also has one of the best musical scores made, making every commercial historical in its own right. YouTube did good in preserving this awesome piece of hockey advertising.
History Will Be Made Commercials

After the tumultuous fall, we all need a reason to get excited about hockey. This YouTube clip illustrates the desire to turn up the love and turn back on our sets, after all Hockey is Back! Something even YouTube can’t deny.
Hockey is Back

The Great

There’s something that the coolest goals, the best saves, and the most awesome fights can’t hold a candle to. You know it’s ‘Hockey Night In Canada!’ when you hear, ‘The Good Old Hockey Game.’ By Stompin Tom Connors. We lost this icon of hockey history last week on March 6, 2013 at the age of 77. He had a lot of songs, but can’t imagine Saturday nights without him. YouTube definitely placed him in perpetuity, a pioneer and a poster boy for our love of hockey.
The Good Old Hockey Game

The Sad

One of the most difficult things in a sport or organization is lose someone, albeit in the most horrific of all instances a whole branch or team. Team Locomotiv Yaroslavl of Russia failed to gain altitude, catching fire therefore losing all 45 people on board except for the avionics flight engineer on September 7, 2011. The wonderful thing about YouTube is that things we ordinarily wouldn’t have an opportunity to see due to events in other cities and other times, we can now see. This tribute is one I can’t imagine seeing in person without a handkerchief or tissues, it’s that we’ll done, and that worth preserving.
Ruslan Salei Sand Art Memorial

One of the most touching things about video memorials, and especially this one dedicated to the whole of the Yaroslavl Locomotiv team, is that they preserve people at their prime. YouTube captures them at their best, their youngest, their strongest. Those guys who p,sued their hearts out, will never grow old, never lose their youth, never retire. They will be alive and well, young and vibrant for all of eternity. This is how we are supposed to be remembered.
KHL Memorial

The Bad

Can something as ground breaking as YouTube, ever make a misstep? Well, since its videographers are human, yes it can. And never more than when you give a kid a camera. While YouTube can preserve great moments, it can also preserve great embarrassments. Take the team from Nyack. Some kid got the great idea to do a hockey room rendition of the Harlem Shake, and post it on YouTube. Now their playoffs are history. While my back round is in education, (I may get pummeled for my opinion) I think pulling the kids out of the play offs is a bit harsh. Serving detention for a month, assisting the custodians, etc. is more appropriate than taking away something they earned due to a video that thousands have replicated. This is definitely one team that will learn more than improved power skating over the summer. They will have learned to leave the power of leaving their phone at home.
The Harlem Shake

Life in other countries always intrigues us. Do they eat they way we do? Do they raise their kids like us? Do their kids p,ay hockey like us? Well, in the Russian town, they play hockey, for sure. And it’s a bloodsport, but it’s a ten year old bloodsport. I was surprised to see that so many kids drew penalties and were so aggressive. The video is kind of funny, but yet really sad in that these are the future players of some pro teams. Hockey parents and coaches must be win at all costs, But it isn’t always the best way to win at that age. Do all hockey enforcers come from the same place? If not, they might all in the not so near future!
10 year old Teams In The SIn Bin

The Joy of Victory

If you’re an Amercian, and you aren’t a fan of hockey, there’s no doubt that you were a huge fan on this particular day. Back in the Cold War beginning Reganomics era, anything to do with Russia was frowned upon. Except for beating them. Take a group of college kids, let them practice, throw Ina crusty coach, and pray for a miracle. When you find out one of the powerhouses of hockey-Russia to say the least was going to play you for the Olympic gold, you do a lot more than sweat. I bet those guys were having panic attacks. How else could we explain that to the Russians they just lost a game they thought they could easily win; while our confidence didn’t allow for that fact, we couldn’t believe we won, and still can’t theirty years later. A miracle on ice it was and always will be.

1980 Do You Believe in Miracles

Last year was a great draft year. I admit being partial to the Avalanche, and boy did we get the good end of the deal when the Oilers went with Ryan Nugent-Hopkins. Being second doesn’t always mean being picked last. Colorado has a history of playing their drafts, and boy did second pick Gabriel Landeskog of the Kitchener Rangers get some play time. He even inadvertently created a new word and physical position for winning a goal-Landeskogging. He takes every bit out of the joy he deserves in making some of the greatest most needed goals. He is one fun guy to watch. I can only hope we see a lot more Landeskogging in the future.

Landeskogging

The Agony of Defeat

You might remember years ago if you’re an American, Saturday afternoon on the television were reserved for sports. They even had a great commercial that showed the examples of the thrill of victory and the agony of defeat. The thrill of victory in this article, I had to cover with the 1980′s Do You Believe In Miracles. The agony of defeat clearly goes Ryan Miller in the gold winning game of USA Hockey versus Canada.
I wonder how many nights he’s gone over that last goal in his head. We’ve forgiven him, but has he forgotten? Can you forget something like that? Maybe 2014 in Souchi will let someone else be the poor guy failing head or heels down a snow bank instead of Miller.

Miller in Olympics

The Funny

Now what would article on hockey through Youtube’s eyes, be without bloopers. Sadly for the athletes, some of the funniest moments in history for the fans, are the moments the athletes would rather we forget. Here’s a sampling of some of the classic bloopers that we can’t seem to let go, no matter how much we love the game.
Bloopers

The Just Plain Angry
If YouTube has done any real damage to hockey, it’s been in letting amateur’s catch us at our worst. Jim Mayfair is the perfect example. After being given a bad call, he flat out LOSES it! The two guys on either side of him are I’m sure were,praying he wouldn’t destroy their sticks. The poor guy looked like he was going to choke himself pulling off his coat and hang himself with his tie on accident.

The Coach Losing It

The Truly Scary

The scariest things YouTube documentsmaremthe injuries. Throat slitting is a big one. It doesn’t happen,frequently, but when it does, you can bet someone’s videoing it. These accidents are as frightening as concussions. The next time you see a guy play NBA or NHL, remember those big boys may fall hard, but they don’t get potentially exsanguinated by the other players’s shoes. These video clips are painful to watch, yet propel us to think of better safety rules.
Throat slit by skate

And the Just Shaking My Head Query

One of the most impressive feats in hockey is Zdeno Chara’s slap shot. The math and physics of his shooting skill is mind boggling. I’m always impressed with the goalies who have to defend their goals against one of his shots.

This leads me into the perfect example of why you should stay way from this guy: if he can shoot that hard and fast, what kind of damage can he do in a fight? What’s more, there are people who actually willing and do fight with him. To me they look little more like rag dolls being tossed around in the hands of the Zman.

I like YouTube. I like a lot of things about it. It’s accessible, you get to relive those great moments, see a moving tribute to someone who deserves our respect and admiration and to live into eternity. I think the following statement applies to hockey fans, ‘If you want to know what someone fears losing, look at what they photograph.’
Just don’t leave the videography in the hands of your child!

Author information

Cherie Tinker
Cherie Tinker
Hockey History Writer at The Hockey Writers
Interests: Reading, writing, art, music, movies, history, and HOCKEY! BS.Ed., MS.Ed.

This article was originally published at: The Hockey Writers.



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Nintendo Releases Three New Zelda: Breath of the Wild Trailers

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Stop, look and hey, listen!

By Joe Skrebels

Nintendo, seemingly intent on making this the most exciting day in gaming, has released three new gameplay trailers for The Legend of Zelda: Breath of the Wild.

One focuses on exploration in the newly open world, another concentrates on combat and hunting, and the third is a single, four-minute shot showing off the game's dynamic weather. Watch them all below:

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Later today, Nintendo will reveal its new console, currently codenamed NX, for which Breath of the Wild is one of the few confirmed games so far.

Breath of the Wild will be released for NX and Wii U on an as-yet-unspecified date in 2017.

Joe Skrebels is IGN's UK News Editor, and the shield surfing/para-gliding sequence in that first trailer probably makes this next year's best extreme sports game alone. Follow him on Twitter.



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Hillary Allies Think The Race Is Over As Trump Declares Himself The Debate Winner

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After last night's debate, Hillary Clinton allies are confident the race for the presidency is effectively over, and feeling even more confident in her chances according to the Hill after what they characterized as her dominant performance in the final 2016 presidential debate on Wednesday night.  According to Clinton's supporters she "commanded the stage for the 90-minute bout in Las Vegas, chipping away at Republican nominee Donald Trump’s policies, his temperament and even his demeanor toward women."

“He and his staff might not know this, but he is done,” said Jim Manley, the Clinton surrogate and Democratic strategist. “He had one last chance to expand his base tonight [more] than he did in the last two debates, but he is dead man walking.”

While Clinton supporters gave Trump credit for appearing more poised and disciplined — particularly during the first 30 minutes — they argue he didn’t do himself any favors as the debate carried on. “As usual, he dissembled after 30 minutes,” one former Clinton aide concluded. And that was before Trump refused to say he would accept the election’s results, a moment that quickly became the dominant news from the debate.  

“Wheels off the wagon,” the former aide said. “Trump’s unsuitability was clear.” Clinton called the moment “horrifying” and followed up by labeling Trump as a sore loser who couldn’t even be graceful when his show "The Apprentice" didn’t win an Emmy. 

Trump, however, disagreed, and in another 3am tweet declared himself the winner of the third and final presidential debate.

“Thank you America- I am honored to win the final debate for our MOVEMENT,” he said, referring to several instant polls which showed him winning the debate.

Meanwhile, Hillary completed her "patriotic" wardrobe trifecta, dressing up in red, white and blue for the three debates.



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The Legend of Zelda: Breath of the Wild trailer lands before Nintendo NX reveal

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Just hours before Nintendo is set to finally reveal its next console, the company debuted new footage from its upcoming open-world Zelda title, The Legend of Zelda: Breath of the Wild.

The trailer, found on Nintendo’s Japanese YouTube account, is very much a gameplay demo akin to what we saw at E3, and it shows a game every bit as beautiful as it is ambitious. Link runs, swims, hang glides, and even snowboards in this spot as he traverses an expansive version of Hyrule and collects artifacts that will surely reveal something cool.

Breath of the Wild will be an NX launch title

Breath of the Wild is slated to be released with the Wii U and the NX next year, but it’s still certainly possible we’ll learn more about features unique to the NX as the release date approaches. The Legend of Zelda: Breath of the Wild hits stores in March 2017.



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Tesla Announces New Model S and Model X vehicles will have full autopilot

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Wide, Main and Narrow Forward Cameras

Three cameras mounted behind the windshield provide broad visibility in front of the car, and focused, long-range detection of distant objects.

Wide

120 degree fisheye lens captures traffic lights, obstacles cutting into the path of travel and objects at close range. Particularly useful in urban, low speed maneuvering.

Main

Covers a broad spectrum of use cases.

Narrow

Provides a focused, long-range view of distant features. Useful in high-speed operation.



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"Change Is As Necessary As It Is Impossible": Deutsche Bank Explains Why The World Is At A Dead End

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The following brief essay, from Deutsche Bank credit derivatives expert Aleksandar Kocic of all people, provides one of the best summaries why the current politics system is fracturing with every passing day. As Kocic puts it, the most likely origin of the anti-global sentiment expressed in the past year, in the UK with Brexit and in the US with Donald Trump, is the result of a "buildup of discontent due to failure to develop a convincing response to economic slowdown in the last years." According to the DB strategist, having been repeatedly ignored for years as central banks took the reins in hopes of fixing the global economy, only to leave a world that is vastly better for the 1% and starkly worse for everyone else, "this has recently emerged as the main theme of public discourse." More relevant, however, to the current presidential campaign, is the dead-end which as Kocic frames it, show "to what extent the Change is as necessary as it is politically impossible."

And while Kocic does not explicitly phrase it, the reality is that it is indeed globalization - with its focus on "global economic interests" - that has left ordinary people, affected by local issues, disenchanted and increasingly angry, to wit: "The underlying problem can be traced back to the fact that economic interests have become increasingly global while politics, the ability to decide, remained passionately local and, as such, unable to operate effectively at the planetary level."

Finally, on the topic of the culprit, not even the Deutsche Bank strategist can mask who is responsible: "global oligarchies."

Politics is viewed as a problem, instead of a solution while social costs caused by this state of affairs are being recognized and articulated by the emerging populist wings, whose main novelty has been their hostility to global oligarchies.

The resulting, and very angry, popular response to these oligarchies, is the reason why Sanders (on the left) and Trump (on the right) have emerged, in the process unleashing "a “transverse” direction which represents the antagonism between the local and the global."

* * *

His full note is below.

The price of dissensus

 

Anti-global sentiment has been the loudest message of the current presidential campaign in the US. The most likely origin has been a buildup a buildup of discontent due to failure to develop a convincing response to economic slowdown in the last years. This has recently emerged as the main theme of public discourse. Current presidential campaign has highlighted to what extent the Change is as necessary as it is politically impossible.

 

The underlying problem can be traced back to the fact that economic interests have become increasingly global while politics, the ability to decide, remained passionately local and, as such, unable to operate effectively at the planetary level.

 

Power to act has been moving away to the politically uncontrollable, global space and political institutions have become irrelevant to the life problems. In that configuration, growth comes at social costs. Impotence of politics reinforces dominance of the global which undermines political power further. As a consequence, mainstream parties are being blamed for bad economic situations and losing their power and public support. Their representatives, both left and right, are seen as representing interests of global capital and are perceived as defenders of status quo.

 

Politics is viewed as a problem, instead of a solution while social costs caused by this state of affairs are being recognized and articulated by the emerging populist wings, whose main novelty has been their hostility to global oligarchies. These parties have been gaining traction in these elections. The erosion of cohesion within the mainstream parties has been causing political reorganizations that transcend traditional division into political left and right.

 

The political landscape is no longer one-dimensional. Political manifold has developed a more complicated topology. In addition to the left and right, there is a “transverse” direction which represents the antagonism between the local and the global. This is illustrated in Fig 1. Double red lines represent antagonisms. The three corners are labeled metaphorically by the political representatives who had highest visibility during the campaign.

 

 

Relative position of the three political expressions are no longer defined by the modes of proposed social organization (left/right), but also where they stand relative to the global capital interests. The two populist wings are opposed in terms of their preferred mode of social organization, but are unified in terms of their opposition to global capital as well as to the political center which is aligned with it. Although the elections are most likely to be won by the centrist party, the voice of the populist wings have been sufficiently loud that they could no longer be ignored. In all likelihood, the new administration will be facing even more fractured consensus than before where higher level of compromise and different alliances will have to be forged -- if that is not done in the first four years, the problem will return potentially even bigger in the next elections. The concessions are expected to have protectionist overtones while compromises and alliances are expected to be made in the context of fiscal policy.



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