Europe is a continent poor in raw materials and the European Union is well aware of this. The euro currency project aims to keep a currency in circulation and important on a global scale that has no backing in real assets such as oil, gas or gold. the climate hysterical net zero policy must be seen against the background that the Europeans are aware that they will lose the currency war if they do not play by their rules and leave the fiat money status in the long term, in which other currency areas such as the BRICS states back their money with real collateral. It will then be incredibly expensive for Europeans to import the resources, energy and other imported goods they need with an ever softer currency.
The so-called Sustainability Due Diligence Directive (CSDDD or CS3D) is the second level with which the European Union is actively pursuing climate policy. It forces European companies to implement climate rules or human rights that are taken as a pretext by their import partners. As they are generally unlikely to be able to meet these high climate standards, especially in third countries, they are discriminated against in trade. European companies are faced with a bureaucratic burden that small businesses in particular can no longer cope with.
With this bizarre policy, the European Union is stifling free trade in an attempt to maintain its geopolitical influence. It is a curious logic of scorched earth that the bureaucrats in Brussels are following here. We are already seeing the first collateral damage in the de-industrialization of the continent, a persistent recession in the key sectors of the economy and the departure of numerous companies from the location. This policy will fail, as the world will no longer care about the particular problems of Europeans in the long term. We are facing the decade of raw materials, energy dominance - perhaps Germany in particular should have considered foregoing the gift to the Green Party and investing massively in nuclear energy. Prosperity and growth are derivatives of energy availability, free expression and decentralized voluntarily allocation of scarce resources - something that has been fought by Brussels like the antichrist.
If I'm reading this correctly, if a company is operating in a country that does not have or enforce certain labor rights, they'll either need to strong-arm the local government or leave people unemployed and potentially wreck the economy?
edit: human/labor rights and environmental policy
reply
And the countries that want to comply, but cannot financially manage the burden, take out loans from the EU…oof
reply
The EU aims to be climate-neutral by 2050. By that time they would be sitting with the poorest countries.
reply
I'll be fishing in Crete... drunk without internet. But happy
reply
The more you write about this topic, the more I feel like Europe is going to turn into a sort of museum. It'll be a beautiful place to visit and experience the heights of premodern civilization.
reply
That's what a friend of mine who lives in Mexico but is European says, that Europe is becoming a Boutique continent, you come to see museums, see sculptures, cathedrals, and all the great things of what was Western culture, but nothing more, since only the remains of a destroyed culture will remain.
I'm from Spain and can corroborate this.
reply
Compared to the us we ARE a museum.
reply
It is. I just hope it turns into a museum BEFORE it can turn into an authoritarian hellhole (which, to be clear, it already is to a large degree, and always has been - but that has been the case for any empire to a larger or lesser extent)...
reply
63 sats \ 0 replies \ @zx 13 Jun
Agree. The bureaucrats of Brussels could simply do a few things.
  • admit the real problem for Europe and its aimed objectives to regain global relevance.
This would increase credibility of the EU and innovation of alternative niche industries and logistical methods that can help prove that the EU is still relevant in some capacity.
  • acknowledge that the non-OECD nations (the majority of the world) currently seemingly have little interest or motivation to prioritize the scientific rationale.
Until the promotion of fake alarmist environmentalism is recognized for being a scheme to raise taxes and somehow appear morally superior, the EU is fast-tracked to be the modern laughing stock of cultural marxism. The EU's century of humiliation.
Maybe it is what they want?
If not, but that's too difficult, too embarrassing and inconvenient to backtrack and admit the repeated failures of non-binding protocols of the past, perhaps the EU needs to focus on forging better relationships with other global regions first, before trying to preach from its place of irrelevance.
reply
Europe's lack of raw materials and reliance on a fiat currency make it vulnerable in the global economy. Europe should have focused on nuclear energy instead of strict climate policies to ensure growth and prosperity.
reply
If seems like European companies (smaller ones) are doomed to fail. They can't achieve any of the goals with these climate related propaganda.
reply
Europe's decision to transition towards renewable energy sources is a necessary step in addressing resource scarcity like fossil fuels. However, the rapid pace of this shift, particularly in the realm of nuclear power, raises concerns. A reliance on a single energy source is not the answer. While renewable energy holds promise, it also has limitations and associated costs. Perhaps the nuclear fusion reactor under development in France could offer a more balanced solution.

2022

reply
Scorched earth theory never works. Germany will make it once the union splits. The other countries need to figure out where they can specialize in.
reply
Maybe this will reverse as anti green parties gain more seats
reply