Those who think that the election of Emmanuel Macron to the Presidency of France is the savior of the Euro probably believe that politicians are really there for the people rather than themselves. Macron’s idea of federalizing Europe some call the ‘transfer-union’ is politically never going to happen. The EU is being torn apart at the seams for centralized government dictating to an economy and regulating everything just does not work. Ask Russia and China.
Socialism is the same as Communism, with the minor distinction that you formally own your property, but are regulated and taxed so you are still not ‘free’ to do as you like. To a large degree socialism is worse for you have to fill out forms and pretend that your vote will actually change something – when they do not listen anyway.
This post was published at Armstrong Economics on Jun 4, 2017.
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