Breakdown of European Union
Serguei Semine, PhD
Breakdown of European Union
The idea of the European Union (Europe – 92) project (similar to “North-American Union”) is dependent on continuation of the existing Global Economic Order. It was assumed that the favourable economic conditions for these countries not only will continue but will also improve. The economic union would strengthen Europe’s position in the global market allowing for successful competition against the US economy expansion.
The breakdown of EU was predetermined. The US was smarter and more clear-sighted, they did not go ahead with the “North American Union”, which should have also included Canada and Mexico. Even though the necessary plans were developed, including introduction of common currency – “Amero”. Global economic crisis was starting up. The first to drop out of global economic system were the economically weaker USSR and its socialist satellite states. The end of the socialist block had extended the perceived success (prosperity) of the US and European economies through access to the markets for ex-USSR and its allies in Asia and Africa. This gave EU members an illusion of even bright economic future fuelled by cheap labour and material resources from the collapsing socialist countries. This illusion has led to expansion of EU to critical size.
The crisis of 2008 has brought about sobering reality. New members had joined the EU while economic activity had declined. The only solution is to rearrange the global resources and control them. This is why England, cleaver homeland of thinkers such as Adam Smith and David Ricardo, was the first to get out of the European Union (Brexit). The EU is starting to look a lot like Ponzi scheme, the first to join and to get out are the lucky ones at the expense of the others. The main proponent of the Union is Germany since it needs access to a lot of resources to reorganize and modernize the economy of the less developed eastern part. The European Union today is a German domain, its main market where German industry has practically eliminated competition from other EU members by passing favourable legislation in EU parliament and administration.
Today’s economic interests of different industrial nations will become more differentiated and polarized. This process has already begun and can be seen for example in Western Europe. Brexit confirms it. At the same time, the role of state control and public sector in the economy will increase. These will cover administration of economic controls, typical for crisis periods, stabilization of the economy (employment, etc), economic security (preserving access to resources for the economy is most important), and economic development.
More at:
simon31.narod.ru/syndromeofsocialism.htm
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