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> because its brain dead insistence on undistorted markets and fiscal rigour The issue lies in the fact that the EU is comprised of numerous countries within a
by LudwigNagasena 3y ago
> because its brain dead insistence on undistorted markets and fiscal rigour
The issue lies in the fact that the EU is comprised of numerous countries within a single market. When one nation begins to subsidize a company or an entire sector, the other nations are left powerless, merely watching their own companies struggle to compete against those bolstered by government subsidies. It becomes a game of pouring government money down the drain and destroying any semblance of free market mechanisms.
- Atropos 3y agoYou should check out how EU state aid laws work. This is exactly the issue they are addressing and it is not true that we have seen a significant "subsidy race" between different EU countries in the recent past.
- jcfrei 3y agoThe US is attracting so many companies currently because they are giving out the largest government subsidies. It's nice that you're advocating for more free markets but governments are moving in another direction. And either a country can match those subsidies or they will see their industry relocate to another one.