Is The European Economy Going To Collapse?
73This is a personal account of the European crisis and poses the question: Is the European economy going to collapse? I have just returned to Europe from a three months trip to Asia via Madrid, London, and Amsterdam. Here, on the ground, I do not see a decline in Europe. Generally the people in Europe are almost as overweight as Americans, they drive new cars, and I do not see many beggars or poor people.
Yes, everyone in Europe moans about the "economy", but isn't that to a great extend just talking about the news? Believing media hype? The news bears little relevance to the reality I see around me. How can Europeans moan about hard financial times when our bellies and shopping malls are bursting at the seams? I don’t get it. This article also raises some other socio-politically incorrect questions you may have asked yourself too.
Collapse of the EU?
This is the kind of statement you find in the media:
- “Because of the economic crisis, there is a threat of re-nationalization and the collapse of the EU.”
Never Been Done
What Europe has done has never been done before: They have conquered a vast territory without colonising or making war. Instead they said to all the poor countries around them like Spain, Eastern Europe etc:
"Get your act together, and then you may qualify to join us."
Brussels doled out billions to Spain to ameliorate Spanish infrastructure, highways and airports to turn Southern Spain into the "Florida of Europe". West Germany has painlessly hosted its Eastern poor sister.
Better For The People
My Slovenian friends spend their winters here in Spain, working. They don't need a work permit. Most Europeans, especially the younger generation couldn't conceive of things going back to the old ways, it’s impossible. We still have a long way to go, but the idea of Europe going back to individual nations is preposterous.
The Future Of Europe
My brother Dr.Tom Kando, you know, the great Sociology Professor in California, wrote recently:
- "There is one solution to the “Euro” and the “Europe” problem which seems unbelievably simple,... It would be the further political and economic unification of Europe."
All right Thomas, let's try and turn Europe into a proper country, OK?
Who is Going To Be European President?
As an a-political, poorly informed European citizen, (your average Jo Blob), I am wondering... Are People like Merkel, Rutte, Thorning-Schmidt and Sarkozy, the heads of European states or countries going to run for European president? Imagine, Russia and all the other countries of the European continent joining and that would make about 50 states; bigger than China! But wait, first things first...
Change Is Imminent
Is it perhaps time to take advantage of this (crisis) opportunity to rethink and revise a system of "democracy" that ends up giving voters a choice between two fighting cocks, red or blue, left or right, labour or conservative, democrat or republican? What kind of democracy is this anyway? It's like world cup football. A silly game played by silly boys.
Occupy The World
In addition, present democratic governments are more involved in big business than in taking care of their people. Hence the Occupy the World by the 99% revolution.
Can I Run For European Presidency?
Here is my manifesto: A unified Europe could develop a governing administration unlike the present system referred to above. A European administration, which already exists in its infancy in Brussels, could be encouraged to do a proper democratic government's job to the bare bones of democracy (what the people want). A new European administration could be asked to do the real job a government is elected to do, namely to provide:
- infra structure
- education
- good health for its citizens
- social services for the poor
- justice
- stringent rules for banks
On the other hand, members of the government would be forbidden to:
- forbidden to mingle in business and the stock market
- forbidden to deal in arms and commit acts of war-mongering
- forbidden to control or use public media to brain-wash voters into dumb sheep
What About The Crisis?
Oh, sorry I got a bit carried away and forgot all about the present economic crisis, this Euro demise that the media have forced down our throats. Hang on... Again, as a non-political and badly informed European (your average Jo Blob), I am asking:
Who are all those debts owed to anyway? China? Multi Nationals? Oil companies? Banks?
My Scottish step-mother used to say:
- "Never lend money unless you are prepared to lose it".
So what's the big deal? What if the debtors simply refuse to pay their debts? Do they get put into prison? Like a whole nation gets punished by the debt collectors? How does it actually work? Sorry.... but don't you ask yourself these questions?
Write Off The Debts
I remember some years ago Gordon Brown wrote off debts owed to the UK by some African countries. Why not do that? Write off the debts. Those the money is owed to can certainly afford to do that.
What Is The Economy?
The “economy” is you and I, we are both the producing work force and the consumer. The economy is your wallet and your bank account. While seeking cheap labour for greater profits, greedy entrepreneurs uncontrolled by equally greedy governments slowly but surely moved the economy to Asia. Now give Asia a chance. They have worked like slaves for us (many still do) and now they may rake the benefits of half a century of cheap hard labour. If you want to help the European economy, only buy (more expensive) European produced goods. Simple!
In Asia
Reflecting on my time spent in Asia, I see that on a global scale, concentrated power and wealth for the few is visibly shrinking. Many Europeans and Russians have now chosen to live, work and bring up their families in Asia. Why? better weather, less tax, less government, servants for the middle classes, lower cost of living, equal or superior luxury.
What Do YOU Think?
Is Europe going to collapse or have we only just begun our unification?
See results without votingTime Will Tell
The people of Europe need time to get used to being interested in a unified Europe. It takes time to let go of nationalism, to cease caring only about your own country. It will take one or two more generations for all Europeans to "feel" European.
With greater unification of individual European countries’ fiscal policies, strong long-term planning and learning from past mistakes, plus a greater collaboration with and acceptance of the positive sides of Arab, African, Indian and Asian cultures, I believe that Europe is going to be just fine.
Be Informed
I was still an a-political, ill-informed citizen of Europe until I accidentally came across this full-length video documentary revealing the facts of economic life today. Don't be confused by the title. It is a true account of the history of finance with a perfectly clear explanation of why we are in the financial mess we are in today. Watch the movie!
Apparently the debate between a debt-free government controlled money supply and the current system whereby all money is produced, owned and lent to the government by private bankers dates back centuries. Lincoln and some other "good" presidents fought hard to change that system and partly succeeded for short periods of time, but all along, the good guys were systematically murdered by the bank cartels.
Anyone can understand the truth. Economics is no longer the complicated mystery we'be been made to believe it is.
We Won't Go Back
One thing is clear: Europeans sure won't go back to passports, visas, different currencies and more stringent export and import rules amongst ourselves.
Is the European economy going to collapse? On the contrary. I have a vision of a not too distant future, give or take a couple of generations, of inter-cultural communication at grass roots level, when people will ignore "the economy" and get on with their lives. They will grow their own food on their own land, when the immense unified continent of Europe will, more than ever, be a beautiful place to live in for any world citizen. Be surprised, times are changing fast. Let's get out of the doom and gloom.
Follow the comment thread for more views on the subject. And while you are here, why not join us on HubPages? It's free, fun, and fruitful.
SUE ADAMS
CommentsLoading...
Interesting and timely hub
Yeah looks more likely now.. I completely agree to your observation in your hub.. I have also written a more updated hub recently, please have a look if possible.
I think the Euro is strong enough to stay for now despite the divided opinion .There should be no collapse of the economy now, however can we be certain other world political events in the future will not destabilise the Euro further.I am glad UK is Euro free.
I agree we need a government run system,the trouble is the bankers have too much power.














CHRIS57 Level 5 Commenter 4 months ago
Certainly the European economy is not going to collapse. All indicators of real economy in the EU look much better than those of its peer economies US and Japan. And the Euroland debt crisis initiated real, fundamental reforms.
Not too much to worry about.
There is this one reluctant EU member on an island who favours more to follow US ideals of virtual economy. Well that may turn out bad.
The basic issue in Europe is a cultural one. It is the division of European countries and people into those who live for the day and enjoy (hedonistic approach) and those who live for tomorrow and do a lot of organizing and planning for well being in the future.
With introduction of the Euro some hedonist economies found out, they could easily tap the harvestores of the "tomorrow" people. And eventually by now everyone knows the harvestores are plain empty. That upset the "tomorrow" people and a specific type of people who speculate on trade with the contents of the harvestores. Crisis took its turn and made the hedonists to rethink and also made the "tomorrow" people to work even harder.
No, Europe will survive. The crisis is an excellent opportunity to get things organized. Economic numbers already show.
Thanks for your great hub, guess what i voted in your poll?