Filed under: Bureaucracy, Capitalism, Economics, Europe, European Union, Foreign Policy, Free Markets, Freedom, History, Politics, Regulation, United Kingdom | Tags: Brexit and its Aftermath, Fredrick Forsyth, The European Union
The markets are in turmoil. They just don’t like uncertainty at all. They may be confident of their own positions, but what about the other guy? This movie is quite wonderful, do watch.
The Presidents at the EU are furious. There are several — four, I think, heading up different commissions. All are unelected and the Members of the European Parliament have nothing to say about them, nor about their pronouncements. They are so indignant that they want to morph all the member nations of the EU into one giant Superstate, run by themselves, of course. The Europeans have never liked Democracy. They are loath to give away any power.
The foreign ministers of France and Germany will reveal a blueprint to do away with individual member states in an “ultimatum.” Under the proposals, EU countries would lose the right to have their own army, criminal law, taxation system or a central bank, all those powers would be transferred to Brussels. This is going to be remarkably interesting.
Fredrick Forsyth (yes, that Fredrick Forsyth) has a long article explaining how the EU came about in the wake of the devastation of Europe after two World Wars. It’s worth your time to understand what’s going on in the present. Well, history is littered with bad ideas that promised a brighter future — the Thousand Year Reich was one of them, you can probably come up with quite a few others.
(Thanks to Maggie’s Farm for the link)
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