LynAlden on Nostr: I agree it would be good for Europe to be more independent. And they're right to be ...
I agree it would be good for Europe to be more independent. And they're right to be angered at US policy.
But by not having a big tech ecosystem, and by not managing their energy security well (thus putting their industrial ecosystem at risk), they're not doing themselves any favors. And I still contend that their united monetary policy without uniting fiscal policy is a near-certain recipe for long-term disorder.
China is now the largest trading partner in the world and has the largest industrial base in the world, and does a ton of foreign investment, so I see why some European leaders want to maintain good ties there and even favor them over the US in some aspects. But without tech or energy abundance, Europe is the weak pole of the US/Euro/China multi-polar power structure.
But by not having a big tech ecosystem, and by not managing their energy security well (thus putting their industrial ecosystem at risk), they're not doing themselves any favors. And I still contend that their united monetary policy without uniting fiscal policy is a near-certain recipe for long-term disorder.
China is now the largest trading partner in the world and has the largest industrial base in the world, and does a ton of foreign investment, so I see why some European leaders want to maintain good ties there and even favor them over the US in some aspects. But without tech or energy abundance, Europe is the weak pole of the US/Euro/China multi-polar power structure.