Trade wars used to be about countries competing on actual industries, like agriculture and manufacturing. Now the Biden administration and the European Union will compete very hard to see who can steal more money from taxpayers and hand it over to politically-connected concerns promising magic green beans and Chinese solar panels and worthless windmills that helped lead to the Ukraine war.
It’s like two gangs of thieves competing hard on which of them can take more of your money and give it to the mafia while you stand and watch.
The EU is in emergency mode and is readying a big subsidy push to prevent European industry from being wiped out by American rivals, two senior EU officials told POLITICO.
Europe is facing a double hammer blow from the U.S. If it weren’t enough that energy prices look set to remain permanently far higher than those in the U.S. thanks to Russia’s war in Ukraine, U.S. President Joe Biden is also currently rolling out a $369 billion industrial subsidy scheme to support green industries under the Inflation Reduction Act.
EU officials fear that businesses will now face almost irresistible pressure to shift new investments to the U.S. rather than Europe. EU industry chief Thierry Breton is warning that Biden’s new subsidy package poses an “existential challenge” to Europe’s economy.
What industry? What economy?
All of this stuff is as real as crypto. FTX is nothing compared to the massive green grift which does nothing, produces nothing and exists through pure parasitism by manufacturing a crisis and then promising to save the problem if we dismantle our economies and give it all our money and freedom.
Senior officials said the EU had to act extremely quickly as companies are already making decisions on where to build their future factories for everything from batteries and electric cars to wind turbines and microchips.
Let’s face it, those factories will once again fall apart unless they’re heavily subsidized and regulations eliminate all competition. Complaining that they’re endangered is like complaining that the virus that’s infecting the host isn’t being given enough of a chance to kill it because there are still antibiotics around.
The only thing green grift can do is vamprically suck the blood out of industries and the economy to fund itself. The only way it will die is if the lie behind it dies too.