Tag: EU

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free trade & free markets too much government

An Ember of Hope?

EU, European Union, Italy, cars, green new deal, global warming, climate change, bureaucrats

Will the world escape the punishing “green energy” mandates?

The government of Italy is making known its unhappiness with a looming ban on sales of gas-​powered vehicles, supposed to happen by 2035. The mandate has been imposed by the European Union, of which Italy is a member.

The transition is to be attended by formal review of how things are progressing toward the goal of eliminating gas cars. One is scheduled for 2026. Italy wants it to happen sooner.

Italy’s industry minister, Adolfo Urso, has indicated that his government will soon formally request this early review. Everyone understands that this is not because the current government of Italy is in a hurry to stamp its imprimatur on the EU’s plans.

Urso says: “We believe it’s absolutely necessary to modify the direction of EU industrial policy. The automotive sector is the one where a change from the Green Deal is most required.”

Prime Minister Giorgia Meloni has called the decision to outlaw gas-​powered vehicles “self-​destructive.”

Meanwhile, demand for electric cars has slumped in Europe and the U.S. as the inconveniences and risks become better known. These include the cars’ still very high cost, their tendency to freeze up in very cold weather, the greater frequency with which their tires must be changed, the difficulties of recharging, the difficulties of putting out the fires when the cars catch fire.

May Italy show the way out of the debacle and let’s hope the rest of the EU follows.

This is Common Sense. I’m Paul Jacob.

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EU to Axe X?

Elon Musk, EU, European Union, censorship

Sandro Gozi, European Union parliament member, wants Elon Musk’s Twitter operation gone. Out of the European Union.

Not no matter what. Only if Twitter — “X” — keeps flouting the EU’s censorship rules.

Gozi says: “If Elon Musk does not comply with the European rules on digital services, the EU Commission will ask the continental operators to block X or, in the most extreme case, force them to completely dismantle the platform in the territory of the Union.”

Oh dear.

This threat comes right after EU official Thierry Breton’s threatening letter to Musk about his impending Twitter interview with Donald Trump. Musk told Breton to “[obscenity deleted]” and proceeded with the interview. Other EU arbiters of speech quickly dissociated themselves from Breton’s threat.

So maybe Gozi’s confidence about what fellow EU commissars will do if Musk does not play ball is misplaced. Perhaps the others will think about how Twitter users throughout Europe would react if their X accounts became “ex-” accounts.

Various Italian officials, Gozi’s countrymen, roundly repudiated his gabble.

“Silencing the voice of millions of people in order to strike out at those who think differently from them?” challenged Italian Deputy Prime Minister Matteo Salvini. “Unacceptable and disturbing.”

The political party of Giorgia Meloni issued a statement saying that the “contemporary left [are] allergic to opinions that are not aligned with their mainstream, and inquisitors of anyone who does not submit to their suffocating cloak of conformism.”

Elon Musk likely sees the truth: this fight is winnable.

This is Common Sense. I’m Paul Jacob.

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Elon Musk’s Right Answer

Elon Musk, censorship, EU, free speech, democracy

“By the rules of the complicated pretense which all those people played for one another’s benefit, they should have considered his stand as incomprehensible folly; there should have been rustles of astonishment and derision; there were none; they sat still; they understood.”

These words are from a scene in Atlas Shrugged in which beleaguered industrialist Hank Rearden rejects “this court’s right to try me” and refuses to put on a defense. Thereby giving the best defense of all.

Elon Musk didn’t give a speech.

Instead, when an EU muck-​a-​muck, Thierry Breton, sent him a letter on the eve of Musk’s Twitter interview with presidential candidate Donald Trump, a letter babbling about dire consequences for Twitter if it were to “amplify potentially harmful content [i.e., any deviation from current government dogma] in connection with events with major audience around the world,” Musk responded with a quote and a clip from the movie Tropic Thunder.

Other EU officials are now rushing to disavow Breton’s letter, widely castigated as an attempt to interfere with the U.S. election.

I can’t repeat the line Musk quoted, because we don’t use cuss words here. If you don’t like to hear such words, don’t click into the video clip. Just don’t go there.

Mega-​magnate Elon Musk is often badly wrong about China. But when he’s right, he’s right. Even super right. 

And we need a million more CEOs to be thus willing to stand up to regulators foreign and domestic.

This is Common Sense. I’m Paul Jacob.

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free trade & free markets national politics & policies responsibility too much government

Trump’s Biggest Secret?

golden crutches, farm subsidies, tariff, trade, free, Trump, EU

“This trade war is cutting the legs out from under farmers,” says Senator Ben Sasse (R‑Neb.), “and White House’s ‘plan’ is to spend $12 billion on gold crutches.”

Referring to Donald Trump’s tariff brinksmanship with China, Sasse is decrying Trump’s request to Congress for compensatory farm subsidies. Sasse insists that “America’s farmers don’t want to be paid to lose” — but regardless of what farmers want, we should want free trade.

Tariffs are taxes. Consumers ultimately pay for them all.

Trump’s requested “crutches” is just another example of a bad government program leading to another, “compensatory” bad government program.

Old story. Too familiar.

The senator is right to be alarmed by the Trump “administration’s tariffs and bailouts,” for the president is playing a most dangerous game. Trade wars are not mutually beneficial. Trade is.  

Of course, if the ultimate result is an end to all trade barriers — as Trump himself demanded regarding the EU — then … could it be worth it?

One thing’s for certain: the history of protectionist brinksmanship is not pretty. Sasse himself predicts that Trump’s tariff hikes “aren’t going to make America great again, they’re just going to make it 1929 again.”

Sasse is referring to the passing of the Smoot-​Hawley Tariff Act of 1929, which led not only to a spooked Wall Street, but to bank failures and retaliatory protectionism from other countries. 

And a worldwide depression. And world war.

But is Trump really a secret free trader,* using tariffs in a game of chicken with trading partners?

This just in, from The Guardian: “Trump and EU officials agree to work toward ‘zero tariff’ deal.”

Stay tuned.

This is Common Sense. I’m Paul Jacob.

 

* We could be forgiven for thinking him an old-​fashioned protectionist, considering his repeated insistence that “Tariffs are the greatest!” But with Trump, maybe we should never take him literally.

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Accountability folly general freedom ideological culture media and media people moral hazard responsibility

Too Big for Breaches

EU, migrant, crisis, collapse, immigration, refuge, welfare, socialism, borders, freedom

“Any reporter who has covered Europe in the last decade has written a dozen articles or more,” The New York Times informs us, “about how one crisis or another has exposed the fundamental unsustainability of the European Union.”

I hadn’t noticed. Until recently, haven’t reporters and commentators been downplaying Europe’s looming crisis? But they cannot pretend “far right” separatist, decentralist and nationalist movements are marginal any longer, not after strong showings for Geert Wilders in The Netherlands and Marine Le Pen in France, and the Brexit vote. 

Now everybody seems to be panicking. 

Even the Times is half-​predicting an end to what it calls the “European Experiment.”

The Times identifies the tension as arising from “calls for keeping out secondary migrants and demands to keep internal European borders open. It’s a version of the contradiction within the European Union itself: between an open union and a collection of sovereign states.”

Beneath all the brouhaha about freedom of movement across breached borders lies the real contradiction: between massive welfare states on the one hand and, on the other, freedom of movement, speech and all the rest.*

When governments offer freebies, they entice people into un-​productive or at least sub-​productive lifestyles. Which is not sustainable, especially when extensive. How many productive people must support how many unproductive people?

Then throw those domestic programs open to millions of migrants who lack even rudimentary language and First World skills? That’s how states subsidize their societies’ destruction.

Europe’s governments are way too big for their border breaches.

If you want traditional freedoms, you have to pare down government.

This is Common Sense. I’m Paul Jacob.

 

*Between social democracy (socialism lite) and the old liberal order.

 

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folly free trade & free markets general freedom moral hazard too much government

When Parasites Collide

Apple, EU, tax, Europe, Ireland, illustr

There are times I wish I were a tax accountant.

You know, just so I could better understand the news.

The European Commission has handed Apple, Inc., a $14.5 billion tax bill.

Owed to Ireland.

Apple, the tax commissioners said, had paid too little in taxes to Ireland, amounting to a mere 1 percent of the company’s European profits.

The Emerald Isle’s normal corporate tax rate is 12.5 percent.

On first read, this sounded like a tale of crony capitalism, with the EU’s tax authorities riding in, heroically, holding aloft the gonfalon of fair play, on the side of truth, justice, and an even playing field.

Well, the story gets complicated. The U.S. Treasury has protested the ruling as unfair. And Senator Chuck Schumer called it a “cheap money grab.”

The Wall Street Journal opinion page comes out on Apple’s side, too, but gives some specifics. Apple paid all the taxes it owed under Irish and EU law, but the ruling wasn’t about law, it was, we are told, about politics.

I can believe that.

So, as near as I can make out, what we have here are three sets of governmental interests, each intent on sucking the most out of a rich, innovative, and wildly successful multinational corporation.

It’s hard not to side with the target, Apple, and think of the other groups as mere parasites.

After all, my non-accountant’s spidey sense suspects that Schumer objects because the U.S. government isn’t going to get any of that $13 billion.

Preferring an “expensive money grab,” I suppose.

This is Common Sense. I’m Paul Jacob.  

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Apple, EU, tax, Europe, Ireland, illustr