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Growth is irrelevant unless you're a net-contributor. The EU really doesn't need more underdeveloped economies to support, it needs to get everybody to a simila
by luckylion 6y ago
Growth is irrelevant unless you're a net-contributor. The EU really doesn't need more underdeveloped economies to support, it needs to get everybody to a similar level and deal with the tax havens, not do some SV-hypergrowth model where the issues will magically resolve themselves if only you can have 15% population growth by acquiring more members.
- lowdose 6y agoIn my view China has used exactly some SV-hypergrowth model where almost every Chinese living is 50x better off than their parents.
- luckylion 6y agoYes, and that's great for China. But for a country to benefit the EU by becoming a member, it would have to be above EU average and be a net-contributor. Turkey isn't anywhere close, so it would be another money sink for the EU.
- lowdose 6y agoIsn't the issue with the EU it's underperformance to what the Chinese did in half the time?
- luckylion 6y agoIt's not that simple. You'll want to look at GDP/capita to compare countries in general. My point is a different one though: If Turkey joined the EU, it wouldn't be a net contributor, it would get huge subsidies from the EU. As such, it wouldn't benefit the EU economically, and it would be a disaster politically. It may be nice for some private companies to get easier access to a new market, but the price would be much too high, and I'm fairly certain that the EU would not survive Turkey as a member state.