William Thien

The Eurozone as an Economic Laboratory?

Posted on: May 8, 2012

It will be interesting to see what happens with those EU or Eurozone states that have decided via the democratic process to trend away from the austerity measures put in place recently and those that hold fast.

What will happen with the EU? Will it split up and the member states return to their original composition? Or do the member states need the stronger economies within the EU to remain solvent? Are we witnessing the eventual dissolution of The Euro?

What is interesting about the democratic events in Europe is that we now have a laboratory that we can use to examine what method of state governance works best in industrial societies. We can examine how those states that proceed with austerity measures come out of the global recession and those that decide not to draw back so thoroughly on government programs.

And finally, which country will still be overtaxing its citizens?

Copyright © William Thien 2012

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2 Responses to "The Eurozone as an Economic Laboratory?"

It will indeed be interesting. I think the salient point of the eurpoean experiment will be what happens to sovereignty. Will the union become the soveriegn with nation states losing their autonomy? Or will the nation states re-emerge politically autonomous but then fail economically, and eventually deteroriate into military skirmishes as in the past?

If you google “global governance 2025” and read the section about the obama moment, it sure looks like a signal was sent to those in influential places to turn the cannons on their own boats so as to create a crisis big enough to require a global coordinated response. If we treat that as a premise and then look at policy decisions, things actually make sense. Cloward Pivens gone global.

Very disconcerting. Almost reminds you of the banking scandal of late here in The United States where a number of very large banks bet against the housing market in order to cash in on a risky insurance investment designed to payout when large numbers of homeowners were forced into foreclosure.

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