- If you add to this the European Union’s obsession with the environment, which has become little more than a machinery for imposing constraints, vexations, punishments and taxes in the name of “energy transition”, it appears that stagnation is a problem from which Europe might have the greatest difficulty in freeing itself.
- China talks tough about Taiwan, but seems leery of using its considerable military force if it can count on the US failing to respond.
- Above all, the Chinese regime is a ruthless dictatorship in which people and their property disappear, and there are no mechanisms for peaceful reform.
- If there is a single element of the American system that Europe should replicate, it is this flexibility in the labor market.
- Will that never happen? No, of course not. That is why Europe will continue to stagnate, while America, despite all its current difficulties, opens up the way of the future.
- If the economic and geopolitical facts examined here are anything to go by, the 21st century will be more American than ever.
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