Europe Is Quietly Rotting Out?

Submitted by: gingernut333 3 years ago in

T Ferguson, Political Science Prof, provides an overview of the state of affairs in EU. It"s not pretty. 31:00 - 41:00
There are 9 comments:
Male 15,832
One of the biggest problems with the EU is that countries that joined gave up control of their currency. Before, if a country like Greece went too far into debt, they just fired up the printing presses and inflated their way out of it. Now they can`t do that, and it`s dragging down the entire continent. It`s like putting all your money into a joint bank account with everyone in your town including the winos and crackheads.
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Male 2,578
An interesting thing I`ve noticed about the European press is how they typically describe EU skeptics as "loons" and try to belittle them in every way possible even though they probably make up a majority of some of the European countries, or at least a plurality.

It reminds me of the Economist`s recent cover, "Europe`s Tea Parties" with a picture of Nigel Farage, and others - it was an attempt to further belittle EU skepticism even though Nigel Farage doesn`t strike me as anything like Michelle Bachman.

Europe was the center of innovation and the world economy for centuries, the EU is antithetical to the classical liberal policies that made it that center.
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Male 12,365
[quote]The EU was a grand idea
But even a blind deaf person could tell it was heading for hell in a handbasket, and we are spiraling down to it now[/quote]

I`ve always said that it was a house of cards because it`s not actually a union. There`s no underlying unity. It`s a flimsy facade of union built on nothing. Time and time again, history shows that imposed unions don`t work unless they`re imposed by conquest and force and even then they usually collapse later unless the period of imposed unity results in real unity.

Add in the epic levels of waste in the administration of the EU and it`s really not looking like a long-term thing. Which is a shame, as I think we need some sort of union simply to scale up to match the other large unions (USA, China, etc).
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Male 7,378
Britain occupied most of the planet and they now have a problem with foreigners.
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Male 14,832
Although the British government cosies up to Europe, most of the people Britain want no part of it. That`s why we elect EU haters as MEP.
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Male 13,624
The EU was a grand idea
But even a blind deaf person could tell it was heading for hell in a handbasket, and we are spiraling down to it now
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Male 2,578
This is absolutely brilliant. European debts = not payable. Interest rate shock forces crisis. Though this will probably happen in America, too (since we`re desperate to copy Europe). All that`s preventing it are the Central Bankers` promises to do "whatever it takes", which is lame.

paperduck - economies just aren`t free and competitive enough anymore, Southern Europe least so. We`ve largely inflicted this upon ourselves with really bad public policy. Europe`s done it since `45, we`ve done it since `65. You reap what you sow. And worst of all, our institutions are now rotting.

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Male 1,745
This was pretty academic, wasn`t really prepared for that. My 2 cents on the global economic crisis, I think in general we`ve grown to accustomed to growth and over-extending our finances to support it... from states down to individuals. It`s really difficult to live out our lives in the drudgery of monotony, but that was how most lives were lived out prior to the 20th century. I don`t know if it`s even possible but I think what`s needed.
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Female 1,071
Link: Europe Is Quietly Rotting Out? [Rate Link] - T Ferguson, Political Science Prof, provides an overview of the state of affairs in EU. It`s not pretty. 31:00 - 41:00
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