March 6, 2009
Hang Onto Your Wallets, Here Comes the EU!
If you want proof that
any given group, if not explicitly defined
as right-leaning, will ultimately end up in
leftist shambles, one only has to look as
far the European Union’s recent meeting in
Brussels. The purpose? To deal with the
world financial crisis. Up until now, its
main focus has been tackling the fairy tale
of “global warming”. But now the EU has a
real world problem to deal with. People
likely aren't giving much thought to global
warming when their investment portfolios are
What ended up happening
at this meeting was exactly what you might
expect: Hungary and the Baltic states want
to be bailed out by countries like France
and Germany, which are having enough
financial troubles of their own.
Le Figaro newspaper reports that France’s debt is heading for 80
percent of its GDP (or $27,625 U.S. per
person) by the end of next year. France
pumped $450 billion U.S. into its banks last
year, and another $7.8 billion to prop up
French car manufacturers – because the world
would be lost without Renaults and Citroens.
Germany bailed out its banks last October to
the tune of $675 billion U.S. And now the
crippled are being asked to carry the
wounded with a massive transfer of wealth.
All these so-called
“independent” states, which presumably want
to be treated like adults at the big kids’
table in each of the various layers of
European Union government, are now begging
for a form of economic colonization, not
realizing – or perhaps not caring – that
there is always a price to being bought off.
Or at least there ought to be. When you live
in mom and dad’s basement because you can’t
get your own affairs in order, you shouldn’t
be allowed to call the shots – or even have
any role in setting the agenda.
So far, the consensus
is to deal with such bailouts of entire
countries on a case-by-case basis.
Hopefully, that means never. Argentina has
been digging itself out of bankruptcy for
the past few years, and will perhaps one day
figure out that socialism doesn’t work. In
the meantime, other countries can use the
lesson: You can’t keep pouring money into a
socialist society when there’s no production
occurring to create the wealth you’re
spending preemptively. China has a lot of
money because everyone is producing, but no
one has freedom. That's the other extreme.
The European Union
started out as a good idea, with the intent
to reduce red tape within Europe to
facilitate the flow of money, people and
goods. The problem is that with any group,
you’re at the mercy of the lowest common
denominator. So if France, with its formerly
ultra-liberal immigration policy, is letting
in Muslims from the old African colonies who
“slaughter sheep in the bathtub”, as French
President Sarkozy put it during his election
campaign, then that’s going to be the common
denominator with Europe-wide free movement,
and the only limiting factor will be
employers' individual selection and
recruitment processes in various countries.
And the rest will, evidently, just riot.
The EU really needs a
single governing council, made up of one
member from each state, with the purpose of
cutting through red tape. Instead, it has
become a multi-layered bureaucracy that
serves as a graveyard for failed European
politicians and various Euro-diplotards who
have been educated in the "finest" European
academic institutions far beyond their level
of intelligence – mainly because that's how
you exert control over people in a society –
by telling them there is only one way of
doing things and one path to success.
Want a solution to the
European economic crisis? Empty all the
“elite” schools and flatten the bureaucracy.
Tell all these fine minds to go out and
actually produce or create something of
value rather than warming a desk in some
government office. If all the energy spent
on chair-heating and then partying in
all-night clubs across Europe was channeled
into productivity, there wouldn’t be an
economic crisis in Europe.
Now, you might be
asking yourself, “Why should I care, as an
American?” Well, because President Obama is
intent on spreading the misery of this
crisis, and it’s unclear at this point how
far across borders that misery will reach,
or whether we’re looking at some kind of a
new economic Marshall Plan to help out
Europe. He’s already being prodded in that
regard by British Prime Minister Gordon
Brown, who, like Obama, is tossing money at
make-work government projects and, unlike
Obama, is facing a toss right out of office
as a result.
It would represent yet
another failure of Obama-style socialism.
Only now is Brown toying with possible tax
cuts. Yet Brown said in a Washington meeting
with Obama this week: “There is no old
Europe, no new Europe, there is only your
friend Europe. So once again I say we should
seize the moment – because never before have
I seen a world so willing to come together.
Never before has that been more needed. And
never before have the benefits of
cooperation been so far-reaching.”
Perhaps I can put this
in terms that some Brits can understand:
Never before has the detriment of giving a
socialist more money to piss up a wall been
so glaringly evident.