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Yes. Unfortunately, the EU institutions have been designed during heyday of globalization and neoliberalism. So they are unable to adapt to (or even recognize)
by js8 11mo ago
Yes. Unfortunately, the EU institutions have been designed during heyday of globalization and neoliberalism. So they are unable to adapt to (or even recognize) the end of it.
- p2detar 11mo agoOh, it’s very well recognized. You can check the Mario Draghi report or even recent comments by ECB‘s Christine Legarde. I think it’s mostly reluctance to make big structural changes that seems to be the issue right now.
- js8 11mo agoBut when Draghi wrote his report, he was leaving the power structures. It will probably slowly change, but the neoliberal hegemony is still there. I think the big issue is that all European elites have investments in the USA, and they don't have reason to pick EU over USA for investing. So there is nothing compelling them to voluntary worsen the relations.