schizoidmanChaos unleashed by Trump has Europeans building bridges with China
how European Union regulation holds back their efforts to catch up
Yes, the problem in trying to compete with a country with extensive state led industrial policy is that you’ve got too much government. These neoliberal morons really try my patience.
The many regulations there are on health hazards and caring for environment do ‘hold back’ the eu, though imo rightfully so - but that does not mean all regulations should be left in place. Especially different regulations per country can be a serious hurdle to scale up production, resulting in higher prices and in turn a less attractive product for ourselves and the rest of the global market. This sounds very neo-liberal i know, but the socialist welfare state does really need money being made.
You could deregulate to hell. You won’t get Chinese skilled workers or Chinese supply chains from that and that’s where they’re killing the West. Getting those requires industrial development, patient capital investment (which is subsidized), and heavy regulation to make sure the companies don’t just steal your money. These are all answers the West is allergic to, so the neoliberals just say deregulate and the market will magic long term capital investment. Spoiler: it won’t.