European Union?
As you say, there is a democratic deficit in the EU, but is there a will within the member countries for a political union? I would venture a guess that this economic mess will not encourage a political European Union.
Some may dream of a Social Democratic world with open borders. The reality in the United States is that with open borders, industries, agriculture and services are outsourced overseas or south of the border for cheap labor.
NAFTA is a good example. Fleetwood travel trailers moved from Southern California to Mexicali, which is just over the border. They paid $20 an hour for workers in California, and in Mexico, they pay them $3.00 an hour. Many of the American workers were of Mexican ancestry! Southwestern Agribusiness also went South where migrant workers, before NAFTA, receive $9.00 an Hour in California. Working for the same grower in Mexico, they get $11 a day. Did NAFTA really benefit migrant workers?
The EU is currently being run by the financial markets for the economic elites, who, under the guise of austerity and productivity, are forcing member governments to cut wages, healthcare and retirement pay. Does every country in the euro zone need to cut its debt to 3 percent? The IMF is also a creature of the economic elites! This is pure economic Social Darwinism, where the economic elites seek to create a two-class system consisting of the very rich and the working poor!
The irony is that those wages and jobs produce the disposable income that supports 70 percent of the American market and over 60 percent of developed economies. The Economic elites' nineteenth-century philosophy is destroying the market that is the source of their wealth1
Pervis James Casey
Riverside, CA
Jun 4 2010 - 4:45pm
