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EU Pressures

The wording of your question basically answers itself. The European political leaders are unwilling to resist U.S. demands. All they can do is complain at their mistreatment. That has led to a split between German and other European businessmen and the European political parties.

See for instance Politico, November 24, 2022: “Europe accuses US of profiting from war.” “Biden’s green subsidies and taxes that Brussels says unfairly tilt trade away from the EU and threaten to destroy European industries. Despite formal objections from Europe, Washington has so far shown no sign of backing down. … the price Europeans pay is almost four times as high as the same fuel costs in America. Then there’s the likely surge in orders for American-made military kit as European armies run short after sending weapons to Ukraine.”

But even businesses are surrendering, and planning to move to the United States and become American companies. “Businesses are planning new investments in the U.S. or even relocating their existing businesses away from Europe to American factories. Just this week, chemical multinational Solvay announced it is choosing the U.S. over Europe for new

— source michael-hudson.com | Michael Hudson | Dec 1, 2022

Nullius in verba


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