I don’t think it’s the EU. I think it’s trade policy. The EU embraced free trade with communist China just like the US did.
They saw cheap stuff and didn’t consider that it was going to throw their own people out of work. That cheap stuff comes at the cost of your country’s industries and your citizen’s jobs.
“..That cheap stuff comes at the cost of your country’s industries and your citizen’s jobs.”
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Our jobs have gone away due to confiscatory corporate taxation levels, over-regulation, and government-supported unions. That is why we cannot compete. And now business has Obamacare to raise the costs of doing business even higher.
No, we know WHY we have lost our jobs and businesses.
They saw cheap stuff and didn’t consider that it was going to throw their own people out of work. That cheap stuff comes at the cost of your country’s industries and your citizen’s jobs.
Bravo! Well said.
Oh, for Pete's sake. Trade -- even with China -- doesn't cause these problems. Government over-spending, regulation, and taxation cause these problems. But you always want to blame the individual, the citizen looking to get more for his buck Euro.
Pritchard thinks the answer is for each country to print its own currency into orbit. That, of course, gives the illusion temporarily of a growing economy. At the same time, it robs people of their savings and causes businesses to invest in projects that only look profitable because the central bank is price-controlling interest rates.
It inevitably leads to a recession.
I'm not much on the EU. But the Euro could have been a big success if all the countries that signed up for it had been fiscally responsible [i.e., done what they said they'd do].