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Paul Krugman often rails against German industrial policy vis-a-vis the EU and hits a lot of the same notes in this article. On the other hand, most of the EU c
by v77 7y ago
Paul Krugman often rails against German industrial policy vis-a-vis the EU and hits a lot of the same notes in this article. On the other hand, most of the EU countries seem to accept this status quo and many of their citizens end up immigrating to Germany directly or benefiting from the massive EU subsidy regime funded by Germany so there are various forms of wealth re-distribution within the union.
- durnygbur 7y ago> funded by Germany so there are various forms of wealth re-distribution within the union. This "re-distribution" feeds an enormous compliance sector in the receiving countries. An useless sector chocking domestic innovation and allowing the politicians to trumpet successes in "receiving the EU grants".
- iSnow 7y agoKrugman's rants are mostly for a US audience and he needs a villain to sell his narrative. Additionally, he hates that Germany doesn't follow his model and still is prospering. And he is a pompous ass who puts ideology before facts, as seen in his rift with Estonia.