French president tells fellow European leaders the bloc is falling behind the US and China because of over-regulation and under-investment
The EU “could die” unless it makes itself more competitive with the US and China, Emmanuel Macron has warned.
The French president said the bloc was over-regulating and under-investing at the Berlin Global Dialogue event.
Washington and Beijing both outstripped the EU in economic output and investment, he said, before calling on the bloc to complete its banking union package of financial rules.
Member states also needed to press for global trade rules to be kept fair, he added, according to Bloomberg.
EU could die because countries nominate far right anti EU presidents at a stagering rate
Yeah, and frankly Macron’s government style is likely to contribute to that problem. A far-right France has never been more likely.
While our regulations and social security make us the most desirable immigration destination.
We should focus more on investing in technology, but that doesn’t mean that we need to deregulate to allow uber/amazon type of companies to grow here. They’re not a public benefit.
Call me a mad old communist stooge but I count quality of life rather than economic output as a marker of success.
True to an extent but you need economic output to give you weight in the international stage. Otherwise you start getting pushed around by other superpowers.
Also you need at least a reasonable amount of economic output to have good quality of life. I’m not saying good quality of life should be defined as full-blown sigma grindset consumerism, but I don’t think most people would define it as cottagecore subsistence farming, either.
You know, if you look at actual subsistence farmers, I never get a cottagecore vibe. They can and do use modern bits and pieces to make their work a little less back-breaking, as they can scavenge or occasionally buy them. A pole lathe is less aesthetic when it’s powered by a cut-off bungie cord.
And also just buy things that are nice for ordinary people. In the West we don’t feel it, but in a place like Africa the inability to produce anything high-tech themselves hurts.
It would hurt much less, if the countries wouldn’t get fucked in trade “agreements” for their agricultural products and resources.
This aspect is kind of where the whole “free market, everyone specializes, everyone wins” theory fails, as the “less developed” economies get pushed around diplomatically and militarily, rather than being allowed to participate in a fair market.
No they are not. They are kicking the rest of the worlds ass in standard of living. What that useless frog leg is saying the regulations are preventing his rich masters from being even richer.
De-regulation only helps rich assholes get richer. What he really means is the rich are getting marginally less rich right now, and they don’t like it.
We could all die, Manny. You haven’t done much to help.
