In one of the most utterly wrong headed articles I have ever seen in the Daily Telegraph, called Watch out America, the 7st EU weakling may kick sand in your face by Ambrose Evans-Pritchard posting from Brussels (naturally), he would have us believe that, in response to criticisms from the USA that the EU is “a status quo power that resists and resents being hurried into a turbulent new post-Cold War era”:
…Europe is arguably the world’s most dynamic political bloc today. While the US borders have changed little since 1848, the EU is about to swallow eastern Europe up to the edge of Russia and Ukraine.
The EU is about to swallow the poison pill of the basket case post-communist agricultural economies of Eastern Europe, eager to feed at the massively subsidized trough of protectionist Europe and Evans-Pritchard holds this up as evidence of dynamism?
But EU officials are quietly confident that the strategic balance will shift as a decade of debt, over-consumption, and ballooning trade deficits catch up with America.
“Nobody wants to see America in difficulty, but there’s a high risk that the Clinton boom is going to end badly. Then we’ll find out if Europe’s slow vessel might not prove to be steadier in the long run.” One day soon, America may wake to find itself facing a wealthy superpower of 470 million people.
The European Union… filled with heavily taxed, highly regulated and subsidy ‘protected’ economies… is going to overtake lower taxed, less regulated and slightly less subsidised USA? Oh give me a break. The whole reason that the ruling classes of Eastern Europe want to join the European Union, is that the EU seeks to lock in the position of the all its political classes, to insulate them from the reality of de-politicised markets and the consequences of that anti-market politics brings.
Eastern European businesses, at least some of them, see subsidy and protection from global competition from the USA and Far East beckoning, voters likewise see membership of the EU as meaning the end of restrictions on their ability to travel, work and reside in the more developed West… a ‘brain drain’ heading west of the best and brightest that the middle European former ‘eastern Bloc’ has to offer will soon ensue (good news if you live in the ‘west’), followed closely by an army of welfare parasites looking to help themselves to taxpayer money in Britain, France, Germany, Denmark, The Low Countries and Italy (extremely bad news of you live in the ‘west’).
The very essence of the EU is stasis and yet paradoxically, it is spreading, like some Nordic legend of winter eternal sends its deadening cold fingers into everything. The only people who really benefit are those who are sucking at the teat of the state and even them only until the curves of the EU’s spectacularly aging demographics and that of its increasing tax burden cross, like some cruxiform tombstone.
The First World used to be ‘The West’ and Japan, the Second World used to be the Socialist Eastern Bloc… soon ‘First World’ will come to mean the USA, Switzerland, Japan (maybe), Canada (maybe), Australia and new Zealand and, if it finally breaks clear of the European suicide pact, Britain and possibly even Ireland. ‘Second World’ will just come to mean sclerotic Europe, forever sidelined by more dynamic economies eleswhere and more assertive polities everywhere.
EU as future ‘superpower’? Don’t make me laugh.