As the European Commission prepares for a new mandate, 'elected' President Ursula von der Leyen has announced plans for a "New Clean Industrial Deal" within the first 100 days. The initiative aims to secure cheap, clean energy across Europe, a goal that, at first glance, seems both noble and necessary. But beneath the surface lies a deeper, more concerning issue: pure state socialism!
Critics argue that this latest proposal is yet another attempt to artificially boost the economy through state-driven demand financed by monetary expansion. Much like the Green New Deal before it, this new scheme appears to be more about generating superficial GDP growth rather than fostering genuine economic health.
The European Union seems increasingly trapped in a cycle of intervention. Each new policy further entrenches the EU in a system where economic control and regulation take precedence over market-driven solutions. This interventionist spiral is leading the EU away from its roots in free-market principles, raising doubts about its ability to ever return to a true market economy.
As the EU continues down this path, concerns mount that it is sacrificing long-term economic stability for short-term political gains, a strategy that has repeatedly failed throughout history. The question remains: how far can the EU go before the costs of this approach become too high to bear?