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The US has the biggest national economy in the world. It has a central government than can wield that economic power for its own purposes. The EU as a singular
by meri_dian 9y ago
The US has the biggest national economy in the world. It has a central government than can wield that economic power for its own purposes.
The EU as a singular entity can do relatively little with its members' wealth, which is why measures of that wealth aren't very meaningful.
It's like saying that Asia has the biggest economy in the world. Well yeah, but large chunks of that economy are segregated from one another along national boundaries.
- orf 9y ago> Well yeah, but large chunks of that economy are segregated from one another along national boundaries. Except with a customs union, shared currency and free movement.
- lisper 9y agoExactly. The EU is actually closer to the federalist vision of what the U.S. should be than the U.S. actually is.
- manojlds 9y agoWithout your last para, you make a valid point. The EU is not a nation, but we all know that it can wield united power in lots of areas and you cannot compare the EU with the continent that is Asia.