r/europe • u/paneuropeanism_ Europe • 13h ago

News Von der Leyen: €300 billion in European savings flown overseas every year, primarily to the US, will be invested in Europe from now on. All 27 EU states agreed to establish the S&I Union, a step toward the full Capital Market Union

https://streamable.com/4h43qk
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u/Feuerphoenix 13h ago

with a bigger market comes more economy of scale and better ROI. I think this is a good step to the right direction

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u/SimpleMoonFarmer 11h ago

China was smaller than the EU, but it was growing faster.

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u/Feuerphoenix 11h ago

ok buddy, and why is that relevant?

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u/SimpleMoonFarmer 10h ago

It's not scale.

It's politicians.
🇨🇳 They can help to develop the economy.
🇺🇸 They can step aside and let the economy do its thing (or help lobbies).
🇪🇺 They can be leeches, regulate, and prevent anything from happening.

Even if the EU occasionally gives one step in the right direction, it is too little too late, and it can only be that given the mindset, culture, institutions, etc.

The EU shaped its institutions, and now its institutions shape the EU.

The EU needs radical change, a revolution, and it can never happen until the culture changes and its citizens demand it. There are no signs of that happening this century.

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u/Feuerphoenix 10h ago

Aha, sure buddy. What would You Change if you won the Revolution and could Change the System as you would see fit?