they do supply side nonsense, like saying Europe is doing bad because
Fixing that problem would mean bringing down energy costs, making labour markets more flexible, integrating markets for capital and services and culling unwise regulations.
Energy costs, fine. But rest is neoliberal junk.’
They have nothing, because the state isnt allowed to do anything. So all they can do is call for more ‘reform’.
bringing down energy costs by underwriting risk of investment in infrastructure, providing subsidized loans, and massive grants always seems to be on the table.
bringing down labor costs by improving the material conditions of the working class with high quality, low cost housing, universal free education/training, free healthcare, free childcare, and provisioning fresh/nutritious food never seems to make the list.
it’s almost like giving tons more resources to the leisure class doesn’t get anything productive done. oh well, we probably just haven’t given them enough yet! once europe has its own trillionaire, i’m sure it’ll reindustrialize.
EU really doesn’t have a coherent industrial or energy policy. It’s just a framework of subsidies and regulations and “jesus take the wheel” type of blind faith in that market will sort it out, what little there is in terms of policy is on the level of member states. That’s probably why they blame China. They have tried everything and they are all out of ideas, so it must be an outside saboteur or “cheater”. What else are they going to do? Abandon neoliberal orthodoxy on which EU and many of it’s ruling governments were founded on? Step aside and let somebody else with ideas take their place? Fuck no. They really would need to “incentivized” and forcefully to even consider either of those. best they can do now is gut the welfare states and funnel money into military keynsianism and hope people don’t protest too much.
It’s even worse than that tbh — the industrial policy is that member states are not allowed to have industrial policies and this policy is actively enforced
they do supply side nonsense, like saying Europe is doing bad because
Energy costs, fine. But rest is neoliberal junk.’
They have nothing, because the state isnt allowed to do anything. So all they can do is call for more ‘reform’.
bringing down energy costs by underwriting risk of investment in infrastructure, providing subsidized loans, and massive grants always seems to be on the table.
bringing down labor costs by improving the material conditions of the working class with high quality, low cost housing, universal free education/training, free healthcare, free childcare, and provisioning fresh/nutritious food never seems to make the list.
it’s almost like giving tons more resources to the leisure class doesn’t get anything productive done. oh well, we probably just haven’t given them enough yet! once europe has its own trillionaire, i’m sure it’ll reindustrialize.
EU really doesn’t have a coherent industrial or energy policy. It’s just a framework of subsidies and regulations and “jesus take the wheel” type of blind faith in that market will sort it out, what little there is in terms of policy is on the level of member states. That’s probably why they blame China. They have tried everything and they are all out of ideas, so it must be an outside saboteur or “cheater”. What else are they going to do? Abandon neoliberal orthodoxy on which EU and many of it’s ruling governments were founded on? Step aside and let somebody else with ideas take their place? Fuck no. They really would need to “incentivized” and forcefully to even consider either of those. best they can do now is gut the welfare states and funnel money into military keynsianism and hope people don’t protest too much.
It’s even worse than that tbh — the industrial policy is that member states are not allowed to have industrial policies and this policy is actively enforced