We shouldn’t worry about Greece? Just a bunch of lazy Europeans, right?
China was built up in the last 30 years by basically transplanting American and European industries lock, stock and barrel into that overpopulated Communist thugocracy.
The only strategic reason that was done was to drive a wedge through World Communism: split China from the Soviet Union.
Worked way too well.
What if those factories had gone to underdeveloped European countries and U.S. states? Would we be confronting Eurozone disaster now in Spain, Italy and Greece?
No.
“What if those factories had gone to underdeveloped European countries and U.S. states? Would we be confronting Eurozone disaster now in Spain, Italy and Greece?”
Yes, we would. The PIIGS are in their bad spot because of EU socialism, plain and simple.
https://en.wikipedia.org/wiki/Commission_Regulation_(EC)_No._2257/94
The above EU regulation has to do with the curvature of bananas. Some say it is a myth, but it is actually a regulation regarding imported bananas and their curvature. Done to screen out competition, in reality, but for the good of the EU community when justified in public.
There is a similar regulation regarding olive oil. To quote the WIKI on this:
“Olive oil regulation and adulteration are complex issues overseen and studied by various governmental bodies, non-governmental organizations, and private researchers across the world.”
https://en.wikipedia.org/wiki/Olive_oil_regulation_and_adulteration
The idiocy goes on and on. They are in the mess they are in for a reason.