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Once again, EU bureaucrats and special interest groups are working to sabotage free market principles. France is leading a protectionist coalition to block the EU-Mercosur trade agreement, revealing how the European Union continues to prioritize political favoritism over economic freedom.
The deal, which could boost prosperity for 780 million people across both continents, is being held hostage by agricultural lobbies and bureaucratic red tape. While Germany sees the economic potential for its industrial sector, French politicians are desperately trying to maintain their artificial market barriers.
This is a textbook example of how the EU's bureaucratic machine destroys wealth creation. Rather than embracing competition that could lower prices for millions of consumers, Brussels keeps inventing new "standards" and "mirror clauses" to justify its protectionist agenda.
The commission's latest scheme involves a compensation package for French farmers - another example of taxpayer money being used to prop up uncompetitive sectors rather than allowing market efficiency.
Here's the real kicker - while EU bureaucrats keep stacking regulations, Europeans are quietly discovering monetary alternatives. The future of economic freedom might not need Brussels' permission. Stack sats, exit the system.
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Maybe I'll write a full post about my idea for a compromise policy between free trade and protectionism, but your mention of "mirror clauses" made me think of it.
Basically, it would be bilateral tariff rates that exactly match the trade partners' tariff rates: i.e. we won't tax your stuff at all, if you don't tax our stuff. I think the game theoretic equilibrium of that system is free trade, or very close to it.
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This would be great. Will be a crucial policy instrument in the coming years
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Are you of the opinion that Germany should just leave the EU then?
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The EU will slowly gring down. It's institutions are losing political support (Hungary, Holland et al) fast. We'll see. Germany of course will fight with their 'Volkssturm' until lasts commie standing
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94 sats \ 1 reply \ @TomK OP 10 Nov
The EU degenerates into its own caricature
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47 sats \ 0 replies \ @OT 10 Nov
I like this!
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So far I haven't found a better example of how to caricaturize the infantile politics of the Germans.
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